Weighted Skip Rate:
Unweighted Skip Rate:
- Uses Proof of History.
Blocks are produced by a limited set of
validators (Around 1970 as of Aug 2022).
Validators form the backbone of Solana’s
Validators can earn SOL for
helping secure the Solana network.
A Solana cluster is a set of validators working
together to serve client transactions and
maintain the integrity of the ledger. Many
clusters may coexist. When two clusters share a
common genesis block, they attempt to converge.
Otherwise, they simply ignore the existence of
the other. Transactions sent to the wrong one
are quietly rejected.
Designed for quick confirmation of the current
sequence produced by the Proof of History
generator, for voting and selecting the next
Proof of History generator, and for punishing
any misbehaving validators.
Bonds: Bonds are equivalent to
a capital expense in Proof of Work. A miner
buys hardware and electricity, and commits it
to a single branch in a Proof of Work
blockchain. A bond is coin that the validator
commits as collateral while they are validating
Slashing: When a proof of
voting for a different branch is published,
that branch can destroy the validators bond.
This is an economic incentive designed to
discourage validators from
confirming multiple branches.
Super Majority A super
majority is 2/3rds of the validators weighted
by their bonds. A super majority
vote indicates that the network has reached
consensus, and at least 1/3rd of the network
would have had to vote maliciously for this
branch to be invalid. This would put the
economic cost of an attack at 1/3rd of the
market cap of the coin.