Thread by @Serotonin_juice

What makes @solana transactions so fast and so cheap is a mechanism called “PROOF OF HISTORY” (PoH).
#Solanaspeed
SOLANA is designed to be able to process over 50k transactions per second (TPS); TPS is the number of transactions executed per second. it can be calculated based on

@solana how many transactions are executed over a certain duration of the test and then calculate it for a second.
E.g. if user X executes 6 transactions every minute, then the TPS would be 6 transactions/60 sec = 0.10 TPS. This is also means that if userX is able to complete 6

transactions in 60 seconds that means time for each transaction is 10 sec.
i.e. 1 transaction –> 10 seconds

Solana is built with scalability and speed so that users do not have to spend more on gas fees or wait long hours for their transactions to be confirmed.

#solanaspeed

Solana achieves this incredible speed by solving how the blockchain tracks time and issue timestamps – using “proof of history”. Since PoH provides a trustless sense of time and ordering of messages, network nodes can trust the relative message times that they receive in PoH

broadcast without having to communicate with all other nodes in the network.
See this as “When you take a photograph with the cover of New York Times, you are creating a proof that your photograph was taken after that newspaper was published, or you have some way to influence

what New York Times publishes. With PoH, you can create a historical record that proves that an event has occurred at a specific time.”

What may be possible in the future on Solana?
=Web3 gaming

What has Sam said about what could be possible?
=“The metaverse”: web3+gaming+NFTs