Hello everyone, I’m Michael. Today’s planned is going to talk to you about a project that is very fast in terms of rising rushed and the price of the currency is accidentally rising. The assignment is called Solana. The token of this project is called SOL. It formerly rose to more than 200. The market value of the U.s. dollars contacted 100 billion and even outdid the Uniswap token UNI for a time. It ranked among the top 10 cryptocurrencies. So what caused it to grow like a blowout and countless beings are very optimistic about the prospects of Solana among our members There are also many parties in the group and our explain range who hope that Michael can come and talk about what Solana is and what is the value of his token SOL.Today we will expend two episodes of the depict to analyze the advanced nature of Solana technology. Where is its SOL token and how do we residence it? Well, before we come to understand what kind of project Solana is, of course, we must first understand who its benefactor is. The require of looking at a project is like this. First look at the founders, then look at the founding team and their resumes Is it reasonable and so on, so the founder of Solana, his appoint is Anatoly Yakovenko, he published the white paper of Solana in 2017, then Anatoly Yakovenko has a good resume.First of all, he worked for Qualcomm and Dropbox. We all know through Qualcomm that it is the company that fabricated the CDMA communication cellular technology, then Dropbox is a very important manufacturer of zero-storage terminal servers and a very important competitor of Apple, then Anatoly Yakovenko has helped as a technological head for both companies. Developer and technical director-level developer in both companies specializing in the design of compression algorithms and distributed storage organizations Yakovenko at Qualcomm in 2004 Yakovenko connected Dropbox as an operator in 2017 Development work In 2017, Yakovenko evidenced the spirited development of the entire ICO, and when he saw that each carry cost was as high-pitched as $60, he thought it was a very high fee. Why can the blockchain applied The rewards are so high-pitched that he and his former colleague Greg Fitzgerald in 2004 decided to set up a blockchain network with low-spirited costs and high TPS, which could accommodate numerous projections running on it. So two beings developed a pure open beginning blockchain system based on the history proof mechanism and secreted its testnet in April 2018. Remember this history proof mechanism. This is a very critical one for the entire Solana network. How does the key engineering understand this historical proof mechanism? I will tell you slowly in future platforms. Causes first talk about how these two beings brought Solana to the publics attention little by little. At the time of launch, the two companies were still called Loom. It was called Loom. Soon after, Yakovenko Fitzgerald and Stephen co-founded a new company. They renamed the company Solana Labs. Solana Labs So far Solana Labs is still the part Solana network. The supplier of the prime system is its adventurer and its maintainer, and it is also the founder of the community and organization. Now the Solana Foundation is established in Switzerland, who has responsibility for the construction and financing of the entire Solana ecological growing fund, and so on. In July 2019, it accomplished a $20 million Successions A financing led by Multicoin Capital capital and grew another $1.76 million in the Coinlist community auction. So in March this year, Solana’s beta mainnet was officially launched in March 2020. After understanding the background of Solana, it is relatively easy to understand his engineering, right? What is Solana going to do? A policy for the development of the DAPP and it will be enhanced high TPS and low-spirited fees Phones like who is like Ethereum, right? So Solana is considered a strong competitor of Ethereum from the beginning, but he is more advanced than Ethereum That is to say, it can accommodate about 50,000 TPS per second, and it can accommodate 50,000 transactions per second, and the TPS of its system can increase with the increase of bandwidth.That is to say, when you think the network is congested, the TPS is not enough. At the same time, increasing the bandwidth can increase Solana’s TPS. This is a small progress. At the same time, the Solana network proposes two proof-of-work mechanisms to improve the throughput and stability of the entire network. One is called POS. The proof mechanism is very clear and understood by everyone. Another one is Solanas original creation called Poh proof of history. This is called the history proof mechanism. This is the core technology of Solana. Although it is said that 8 very important components are proposed in the Solana book. technological innovation New but after I have struggled to understand one by one, I do not think that one of the technological requirements among these 8 parts is a core concern or a very big improvement that can break through the entire blockchain engineering. It does not break through a certain difficulty or solve a certain pain point, but the Poh workload historic proof mechanism is indeed a very important technical peculiarity of Solana. I think it may also be that his token SOL can increase so many times. It is an important point that large-hearted practices got nothing to worry about, so next we will focus on what Poh is. Everyone is recognized that in a strewn method such as blockchain, the issue of time is a very important issue. For example, the Bitcoin network, Ethereum network, or even the TRON network will have its own time system. My time of each block is what time is my time? Relying on my own network’s own go standard, if there is a chain that connects all the blocks and connects Ethereum and Bitcoin, when the block season cannot be recognised by each series, the string is It is difficult to guarantee who is ahead and who is behind, especially in an adversarial structure such as blockchain, right? We all know that mining is to grab the qualifications for bookkeeping.Whoever submits the block firstly can get the token. So term, specially how to rely an external meter, is a crucial part. So the historic proof mechanism proposed by Solana is to provide a trusted external era generator for all networks. So how does Solana’s Poh confirm it? What about the accuracy of this time? First of all, it accepts an algorithm of the SHA2 56 gathering, which procreates the end of the hash of each SHA2 56 outcome equal to the beginning of the next hash, in such a fast iterative course that the entire region is The block kinds a ended and closed chain that is linked result to expiration, then its time in the process of forming the chain is a period question that can be proved by continuation.This is one or the other. An external life is added to the historical proof to prove the continuity of the event. For example, after the block is generated, in order to prove the time of the block, an external experience will be introduced. For example, what time is it somewhere today? A automobile accident happened at a few o’clock. I feed happens such as time and meter. When the world was introduced by me, this block recorded what happened in the real world when this block was generated. In the next block When it happens again, I will record what kind of events happened in the real world at this time point. Of course, this event must be closely related to time and cannot be duplicated. For example, at 7:00 of a certain month and a certain day.Official program Some occurrences such as the start of the broadcast or the misplay of a certain program, etc ., then this unique world-wide is an indication from the side that this time is continuous. My time is valid. In other POS’s proof-of-work mechanism, the block of the proof-of-stake mechanism This node in the order compels perpetual communications with other nodes are responsible for ensuring that my season is accurate. Confirm that this time has passed or is in progress . In the Solana network, all nodes that verify the POS are required to be valid. The cycles/second of maintaining such a block based on SHA2 56 end-to-end is forever maintained. At the same time, the node maintains the serve of maintaining the end-to-end connection of SHA2 56, which too maintains the existence and flow of historic proofs. This process can also be Obtaining the sign payoff of the entire network answers the problem that even if the node is changed, as long as my SHA2 56 is connected end to end, this fibre of runs can continue to operate.The entire network can continue to serve other structures as well as its own network. It is likewise good to provide a complete and verifiable timestamp. Everyone can recognize that the time is wrong. I have determined countless sections that understand Poh as a consensus etiquette. In my opinion, it is not like a consensus etiquette. It can complete the network before reaching a consensus. What is the job? Work is a globally accessible open root decentralized meter informant. It is actually a consensus protocol that can be understood as an anti-mechanism. A relied timestamp. Next, let’s talk about Solana’s native token SOL This is the part that everyone cares about the most, right? Sl has risen so many times after all It is the native token of Solana’s network.It applications this delegated equity consensus algorithm and has the function of incentivizing token incumbents to verify deals. So SOL has three mechanisms in the network. The first is staking. You can pledge to get the income of the pledge. Second You can use it to pay transaction costs on the entire order. The third is that it can act as a representative of community governance. You can own the quantities of your signs to speak on behalf of your community to agree or forbid it. Through some etiquettes, the total circulation is 26 million so far, and the maximum supply of SOL is 489 million. Its dissemination mechanism is so great that the entire community means that the clues we can buy in the secondary market now account for 38.89% of the full amounts of the tokens were secreted. About 16.23% were released during the seed round. That is to say, the part financing has been spent. About 16.23% of the signs been disseminated. 10.46% Validator marketings 5.18% Strategic marketings 1.8 8% From the perspective of the proportion of token distribution, it is not particularly friendly to users in the secondary market. That to tell you, if you want to enter its ecology, at best you will reach 38% and you It is likewise very difficult to reach 38. Of direction, in addition to buying SOL in the secondary market, you can get the reward of sign sympathy. Dont forget that Solana is a network with a POS proof mechanism and a workload proof mechanism. Of direction, you can participate in pledge mining. How to get the reward of value-added tokens by mining means that you can firstly deposit your signs to a cold wallet such as Ledger Nano X x as an equity account to open a good equity After the accounting, go to the corridor to select a validator and too select a node, then allow the node to use the signs in your account to maintain the historical proof mechanism of the entire network to share this part of the network wage allocated by the validator to you. Tokens, everyone shares the benefits of the network together. This is how the stakers and verifiers work together to maintain a stable and stable curriculum of the Solana network. Finally, let’s summarize the fact that a rapid expansion of projects like Solana has once again supported Michael before. That decision is called the currency circle in one day and ten years in the world, right? The development and iteration of the entire blockchain technology is very fast. In fact, in the process of our daily information collection, as long as I dont watch the news for two days, I be considered that I am outdated. I have a lot of brand-new projections. Many supporters and friends have asked me about my project. I dont know it, so I am in a formal country every day. For this new project, we are exposed to new information every day. We must maintain our theory and this kind of thinking. The constant informing and keeping up with the technological development of the blockchain will prevent it from being abandoned by the blockchain technology in this era. Therefore, irrespective of the news that the Solana network stopped exporting blocks some time ago, I argued that in matters of technological advances There is required to be report such as highs, lows, deeps, shallows, retards, and so on, but every time this technology advances, every time this development of the technology of every sign, every time the cost propagandizes up, we have to explore the reasons behind this. What is the logic, what is the principle , what happened, and what happened to support its expenditure? This is a path for us, as practitioners, colonists or clergymen, to construct ourselves understand what it is and why it is. Then the above is our understanding of Some learning and exploration of Solana If there is any inaccuracy, leave a message in the comment area of our canal and let u discuss together. Then n the next matter, we will talk about some aluable and importance of attending. 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