Basic knowledge of Solana: What are the SOL chain network parameters? Detailed introduction to SOL chain network configuration

The SOL chain has gradually recovered from the impact of the FTX thunderstorm, and its ecology is still prosperous, especially the application of PoH, which makes the SOL chain lead high-performance public chains and basically touches the TPS bottleneck that non-sharded public chains can maintain for a long time. . In addition, the SOL chain has also launched a series of technical updates, providing targeted repair solutions for some security issues, showing good security awareness, developmental technical capabilities and strong sustainability. Various signs indicate that SOL The chain has begun to reach its peak again. Today we will introduce what are the network parameters of the SOL chain? The editor will take you to understand the SOL chain network configuration.

#What are the SOL chain network parameters?

SOL chain is a high-performance blockchain network whose network parameters cover consensus algorithm, block time, transaction confirmation time, block rewards, and network participants. These network parameters are described in detail next.

Solana’s core innovation lies in its Proof of History technology. This technology provides a globally available, permissionless timestamp. It is not a change to the consensus mechanism. Solana still uses the POS mechanism and PBFT consensus algorithm. The main function of Proof of History is to solve the problem of on-chain transaction timestamp confirmation under high throughput conditions.

A key feature of the Turbine protocol is to allow the Leader to split the transaction sequence into fragments and publish them. However, this segmentation needs to ensure that the transaction sequence can be easily reassembled and restored. This is where Proof of History (PoH) comes in, providing a convenient mechanism to sequence events and be able to easily re-piece them back into the original sequence. This design makes it more reliable and easier to implement efficient transaction processing and data verification in distributed systems.

Solana is able to achieve ultra-high throughput mainly due to its fast and reliable synchronization mechanism. Solana uses a historically proven PoH algorithm, and the leader node proves the time interval since the last confirmation by carrying an encrypted timestamp to ensure that data is generated at the correct time point. This mechanism ensures that all hashed data has occurred before it is proven, thereby enhancing the reliability of the data. The leader node then shares the new block with the validator nodes, who can verify the evidence to ensure the validity of the new block. This efficient synchronization and verification mechanism enables Solana to achieve efficient data processing and block generation, thereby achieving the advantage of high throughput. This design of Solana makes the entire network more stable and reliable, providing users with a better experience.

Blocks can be transmitted to validator nodes in any order, even with a delay of several years. Solana leverages this reliable synchronization mechanism by splitting blocks into smaller batches of transactions, called entries. These entries are transmitted to validating nodes in real time, ensuring they are always in sync until consensus is reached.

From a technical point of view, Solana never sends a block, but uses this term to describe the verification nodes voting on the entries and finally obtaining confirmation. In this way, Solana's confirmation time can reach 800 milliseconds. In this mode, if consensus cannot be reached on an event, nodes simply roll back their state.

On the blockchain, validators are important participants in the network. They maintain the security of the network by verifying transactions and generating new blocks. As a reward, validators receive SOL tokens, an incentive that helps attract more people to participate in network verification efforts. In addition to validators, the SOL chain's network also includes various roles such as full nodes, developers, and users. Full nodes are responsible for storing copies of the entire blockchain, ensuring the reliability and stability of the network. Developers and users can use the SOL chain to build and use various decentralized applications and contribute to the development of the blockchain ecosystem. The collaboration and participation of these different roles jointly promote the development of blockchain technology and the expansion of its application scope.

What does solana mean?

Solana is a powerful open source project that implements a new, permissionless, high-speed layer-1 blockchain. Founded in 2017 by former Qualcomm executive Anatoly Yakovenko, Solana aims to scale throughput beyond what popular blockchains typically achieve while keeping costs low. Solana implements an innovative hybrid consensus model that combines a unique Proof of History (PoH) algorithm with a lightning-fast synchronization engine (aka another version of Proof of Stake, PoS). Therefore, the Solana network can theoretically handle over 710,000 transactions per second (TPS) without the need for any scaling solutions.

Solana’s third-generation blockchain architecture is designed to facilitate the creation of smart contracts and decentralized applications (DApps). The project supports a range of decentralized finance (DeFi) platforms as well as non-fungible token (NFT) markets.

Solana Blockchain was launched in 2017 during the blockchain boom. The project's internal testnet was released in 2018, and subsequently went through multiple testnet stages before officially launching the mainnet in 2020.

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