Core to Solana's scaling solution is a decentralized clock titled Proof-of-History (PoH), built to solve the problem of time in distributed networks in where there is not a single, trusted, source of time. By using Verifiable Delay Functions, PoH allows each node to locally generate timestamps with SHA256 computations. This eliminates the need for the broadcasts of timestamps accross the network, improving overall network efficiency.
Solana’s mission is to support all high-growth and high-frequency blockchain applications, and to democratize the world’s financial systems.
Solana (SOL) is a cryptocurrency or a form of digital asset. Solana (SOL) price for today is $33,49 with a 24-hour trading volume of $276,043,865