Shinobi Systems' Solana Proof of Stake + Proof of History Primer

The coding marathon resulted in proof of history, which Yakovenko has described as a clock for the blockchain. It allowed Solana to be superfast, time-stamping transactions as they happen. Coupled with proof of stake, it creates a faster, more efficient network than Etherum’s energy-intensive proof of work.

Staking refers to the process of actively participating in transaction validation on a proof-of-stake (PoS) blockchain. In the context of Ethereum, stakeholders (called validators) contribute ETH to a staking pool in exchange for rewards in proportion to the size of their stake. The Ethereum network selects a winner based on the amount of ETH each ... See more