Solana

Solana serves as a blockchain platform crafted to support decentralized and easily scalable applications. Its design focuses on a unique combination of software algorithms that effectively remove software limitations when paired with a blockchain, resulting in a proportional increase in transaction throughput alongside network bandwidth.

Solana's architecture successfully encompasses the essential attributes of a blockchain: scalability, security, and decentralization. The architectural framework outlines an impressive theoretical upper limit of 710,000 transactions per second (TPS) on a standard gigabit network, skyrocketing to an astonishing 28.4 million TPS on a 40-gigabit network.

Operating on a dual consensus model, Solana's blockchain utilizes both proof-of-history (PoH) and proof-of-stake (PoS). This setup allows validators to authenticate transactions based on the amount of coins or tokens they hold, while PoH ensures swift timestamping and verification of these transactions.