Solan (what changed my life)
In a white paper written by Anatoly Yakovenko and released in November 2017, Solana was recommended. This essay discussed a method known as "evidence of history." [needs non-primary source]
Solana's first block was made on March 16, 2020.
On August 3, 2022, it was revealed that 9,231 Solana wallets had been impacted by hackers who had targeted the Solana ecosystem. Victims were defrauded of a total of $4.1 million via four Solana wallet addresses. Affected wallets were all created, imported, or used at some time in the Slope wallet apps for iOS and Android. Security experts found that Slope wallet sent sensitive account information in clear text to its remote servers.
Solana uses a proof-of-stake mechanism and its model, known as the "proof-of-history" mechanism, to reach consensus. The network can run more quickly thanks to proof of history because nodes do not need to connect in order to validate a block. This concept is referred to as a decentralized clock in the Solana whitepaper. Participants in a network can be quite convinced that an event happened at a particular period thanks to historical evidence. When someone takes a picture of today's newspaper and records the date and time so that it can be used to authenticate the newspaper in the future, that is an example of historical proof.
