Hacker Noon September 25, 2019
Understand the tech breakthroughs that make Solana’s 50,000 TPS blockchain network possible
Solana was conceived in 2017 when its founder Anatoly Yakovenko sought out a way for a decentralized network of nodes to match the performance of a single node. None of the major blockchains come close to achieving this property. Achieving this is Solana’s north star.
Proof of Work systems like Bitcoin and Ethereum support about 10 transactions per second (TPS). Practical Byzantine Fault Tolerance-based (PBFT) Proof of Stake (PoS) systems like Tendermint support about 1,000 TPS with 100–200 nodes. Solana, a PBFT-like PoS blockchain, supports upwards of 50,000 TPS with over 200 nodes on current testnet iterations, making it the most performant blockchain and the world’s first web-scale...
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