geeblock
  • Gee block
    • Summary
      • Problem Recognition and Solution
      • Technical Highlights
      • Impact on the Blockchain Industry
      • Ecosystem Evolution and Roadmap
      • Role of $GEE in the Network
      • Expectations for Network Value Growth
    • Market Challenge
      • Scalability Limitations
      • Fee burden
      • Lack of Real-World Applications
      • Security Concerns and Data Privacy
    • Attempts
      • Ethereum with Layer 2 Solutions
      • Solana’s High-Throughput Approach
      • Polkadot’s Interoperable Parachains
    • Gee Solution
      • Goals and Principles
      • Key Structural Properties
      • Overview of Document Structure
      • Nomenclature and System Identity
    • Page
    • Consensus mechanism
      • Background: Rethinking Consensus for Decentralized Systems
      • Gee Consensus: A Hybrid Model for Scalability and Security
      • How Gee Consensus Works
      • Ensuring Consistency and Security
      • Benefits of the Gee Consensus Engine
    • Triple-chain architecture
      • Contract Chain (C-Chain)
      • Platform Chain (P-Chain)
      • Resource Chain (X-Chain)
      • Gee L1
      • Key Advantages of Gee L1
      • Creating Gee L1
      • Compensation Model
      • Key Network Parameters
      • Delegation and Validator Weight Limitations
    • Virtual machine s1
      • What is a Virtual Machine in Blockchain?
      • Why Use a VM on Gee?
      • How Do VMs Work in Gee?
      • Types of VMs in the Gee Primary Network
      • VM Development on Gee: Key Technologies and Compatibility
    • Virtual machine s2
      • Smart Contract Platform
      • Benefits for Developers
      • Benefits for Users and Businesses
      • Expanding the Gee Ecosystem and Industry-Specific Applications
    • Bootstrapping
      • Step 1: Connecting to Seed Anchors
      • Step 2: Network and State Discovery
      • Step 3: Becoming a Validator
    • Roadmap
      • Initial Phase (2024-2025)
      • Expansion Phase (2026-2027)
      • Long-Term Vision (2028+)
    • $GEE
      • Core Utility of $GEE
      • Issuance and Distribution of $GEE
      • Incentive and Reward Structures
      • Foundation Policies on $GEE Management
      • Additional $GEE Operational Policies
      • Long-Term Vision and Sustainability
    • Expectiation for network value growth
      • Expansion of the Core Ecosystem
      • Development and Attraction of High-Value Applications
      • Expansion of Strategic Alliances and Partnerships
      • Strengthening and Supporting the Community
      • Additional Activities to Promote Sustainable Growth
      • Expectations for $GEE’s Long-Term Value Growth
    • Optimization and future growth
      • Optimization Issues
      • Future Growth Challenges
      • Strategic Initiatives for Future-Proofing and Growth
    • Disclaimers
Powered by GitBook
On this page
  1. Gee block
  2. Attempts

Solana’s High-Throughput Approach

Approach:

Solana has focused on achieving high throughput by employing a Proof of History (PoH) consensus mechanism combined with Proof of Stake (PoS). This unique approach timestamps transactions to create a historical record, allowing the network to process transactions concurrently, achieving extremely high speeds and low fees.

Achievements:

Solana can handle up to 65,000 transactions per second with near-zero fees, positioning it as a promising solution for applications requiring rapid processing and cost-efficiency, such as DeFi and gaming.

Limitations:

The rapid processing speed comes with trade-offs in decentralization and security. Solana has experienced multiple network outages due to overwhelming demand, leading to questions about its stability and resilience. Furthermore, Solana’s hardware requirements for validators are relatively high, which limits true decentralization and increases costs.

PreviousEthereum with Layer 2 SolutionsNextPolkadot’s Interoperable Parachains

Last updated 5 months ago