Solana Beach: Solana’s extensive block explorer

Source: Shutterstock

Solana is one of the most blue-eyed cryptocurrencies among more than 10,000 that presently exist. The purpose of Solana is to provide a decentralized solution to cloud storage for individuals and companies alike, to increase inclusivity within the digital ecosystem through low-cost storage solutions which allow users with minimal resources to take part.

Solana Beach is an extensive block explorer accentuating core Solana statistics. Stakeholders of the Solana blockchain may scour the network’s statistics, token metrics, and validators. It is a decentralized blockchain set up to foster scalability, user-friendly application for the world. It is safe to say that Solana is the fastest growing blockchain worldwide and the fastest-growing notion in crypto.

This inclusivity is something that Solana believes is severely lacking in today’s arena of cloud storage providers, where big players with big pockets dominate. This often prevents smaller players from accessing the data they need or achieving their goals through existing centralized systems.

The solicitude of Solana!

This is an issue that Solana aims to tackle by making storage affordable and available for all.

Solana’s “free and open” systems

Solana’s open-source design is very transparent in the way that they operate to develop a distributed system where many different users can contribute data. This vision for Solana extends itself into the very fabric of their company by using open source software, connecting with like-minded developers through their GitHub account, and even building partnerships with other companies whose ethos aligns with their own. All of this is to create a decentralized environment where many different parties can continue to learn from one another to advance blockchain technology together.

What does Solana do?

Solana’s distributed ledger consists of a sharded blockchain to enable high throughput and scalability, supporting the Proof of History (PoH) consensus mechanism. Transactions on Solana are recorded as blocks and then organized to form a Merkle tree.

Using this method, blocks can be disconnected from one another, thereby reducing the computational load required to validate them. This technique is used as it requires less computation than connecting individual transactions into a single block. It does not require keeping all of the data blocks to validate and finalize any specific transaction, which would take up storage space and compute cycles.

Solana ain’t no joke in the crypto industry

Solana’s goal is to create a scalable blockchain with low-cost storage of data requirements. This means that when you upload your data to Solana, it costs you nothing, nothing other than time. The data is stored in Amazon’s cloud infrastructure, where Amazon users already pay for their storage services. Amazon also makes money off of Solana by charging all Amazon users for running Amazon instances on Amazon’s infrastructure, including Amazon EC2.

The data stored in Amazon is replicated in Solana using sharded server clusters. These are similar to the replicated shards in HyperLedger Fabric which allows many different transaction types to be protected without compromising on throughput or security. It has been used to create a system that can view and verify transactions across not just one blockchain but multiple blockchains without compromising security or transaction throughput (e.g., HyperLedger Blockchain 1, HyperLedger Blockchain 2, Ethereum, etc.).

What makes Solana unique?

Solana has been developed as a blockchain solution for managing data as it is held in the cloud. Since every blockchain node stores data from different sources, it is impossible to achieve consensus on data being stored from different sources without compromising security. The result of trying to keep all the sources consistent would be a blockchain that is slower and doesn’t provide a high level of security. Solana’s ability to store data from a multitude of sources on a single shared system allows it to maintain decentralized consensus while still being able to manage data from multiple sources.

--

--

--

Scribing blockchain beautifully. Read our exclusive coverage of blockchain articles at https://www.blockscribers.com/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Audit Report for ThunderBult Project

Zombie Spectre is about to go P2E!

The Future of Agriculture Belongs to Blockchain Technology. Part 1- Benefits to Farmers

Harmony Transactions -Failed or not ?

We happy Announce To launch Staking Platfrom for SCARY ($SCY) !

TrustBase announced a strategic investment in NFT platform Liquidifty

Zap Project July 2018 Update

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Blockscribers Staff

Blockscribers Staff

Scribing blockchain beautifully. Read our exclusive coverage of blockchain articles at https://www.blockscribers.com/

More from Medium

Staking Contract in Zilliqa

Artemis Vision is Launching on Safelaunch!

SAFLE LAUNCHES IDO ON POLKASTARTER

Solana 2021 Wrapped