Solana’s Proof of Stake system relies on validators to add blocks of transactions to the network. Staking on Solana involves a SOL token holder delegating their token to a validator or validators. As more and more SOL tokens are allocated to a validator, this is “proof” to the network that the validator’s role in consensus is trustworthy.
Blockdaemon is the Total Node Management Solution
Blockdaemon guarantees peace of mind, as you never have to worry about maintaining or upgrading your nodes ever again — we look after all of that for you. Our finger is constantly on the pulse of each blockchain we support to ensure all of our nodes remain perfectly healthy. Our extensive experience across protocols lets us expertly monitor, repair and replace nodes where protocol level errors may occur. For any protocol updates needed, we look after these in advance so you never see any disruption in service.
Enterprise Level Security
Security is our top priority here at Blockdaemon. All nodes purchased through us are 100% customer dedicated. This means your node is yours exclusively. You’ll enjoy a dedicated node which has a unique address, its own unique connection and authentication key. Furthermore, these are never reused. We ensure your node is not open and exposed to anyone on the internet. Any nodes you’d like to add on additionally can be done so quickly and easily as well!
A Trusted Partner
Blockdaemon is by your side on your blockchain journey. We are the only infrastructure platform for blockchain nodes which offer multi-cloud and multi-geographical support, with just a few clicks. Want custom configurations and branded experiences? No problem, we provide a unified, whole-org, collaborative rollout to manage a complete network. Whatever your needs, we will work closely with you to deliver the solution you need.
Solana is touted to support 50,000 transactions per second (TPS) with over 200 nodes on testnets, making it one of the world’s fastest decentralized networks. The protocol’s innovative Proof of History (PoH) allows Solana to deliver a block creation time of 800ms and a ledger size in the range of petabytes.
Solana’s innovative Proof of History (PoH) is a cryptographic clock which allows nodes to agree on the time and order of events, without having to talk to each other. Time is encrypted by a cryptographic function, which decreases node messaging overheads and computation, allowing the blockchain to reach high speeds.
Solana is designed for low cost transactions. Solana’s fees equate to $10 for every one million transactions, making it extremely competitive versus other blockchains offerings.
Frequently Asked Questions
Slashing exists on Solana to punish malicious behavior. Therefore, it’s important for the validators of the network to be responsible. However no validators are given ownership of your tokens, rather they are only delegated the right to produce blocks on your behalf. You retain control over your staked coins.
Those who stake on Solana are rewarded with SOL tokens. These are issued once per epoch. An epoch of time in Solana is approximately two days. The staking yield varies each epoch as the inflation rate and total active stake change.
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