Solana is building a high performance blockchain and the team is running faster than ever. They have already touched a good bandwidth on their way of making a high performance blockchain.
What is Solana?
1.Proof of History
Encoding time as data in the replicated state allows for simple and efficient proofs and protocols.
2.Performant System Architecture
The network is arranged for maximum throughput and high availability. Our smart contracts bytecode is based on Berkeley Packet Filter designed for fast execution.
3.Fast Proof of Replication
A fast streaming Proof of Replication is designed for storing a large distributed ledger.
4.Consensus independent from transaction flow
Transactions flow through the network independent of consensus and are limited only by hardware.
SOLANA ROADMAP
CURRENT UPDATE FROM TPS REPORT
Solana’s latest news update release has a 700% increase in transaction throughput, from 5ktps to 35ktps, over the v0.3.0 release while also laying the groundwork for a slew of new optimizations.
They have added a highly-constrained, but surprisingly flexible form of smart contracts called spending plans to the blockchain. They can represent postdated checks, cancellations of those checks, transaction expirations, and witness signatures.
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