Alternative Scalability: Proof of History w/ Solana's Raj Gokal

Ethereum Hong Kong
Ethereum Hong Kong
Public group
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***Sponsored by InvestHK***

Blockchain speed and scalability continue to be one of the "Hard Problems" of mainstream adoption of blockchain technology, with various solutions vying for development and acceptance. Please join us for a talk with Raj Gokal, Co-Founder and COO of Solana, an SF-based startup looking at the Proof of History approach to scaling blockchain capacity.

"Proof of History: The Key to Speed
Similar to Google’s TrueTime, which relies on synchronized atomic clocks for a trusted source of time and ordering, Solana has created a cryptographically secure and trustless time source--and built a blockchain around it. They call it Proof History.

By weaving this standardized timestamp into the blockchain, nodes in the network can verify the time and order of events without witnessing them directly. This drastically reduces messaging overhead and is one example of the many optimization capabilities that become available through Solana’s Proof of History.

Using Proof of History, Solana aims to deliver 710,000 transactions per second, with nodes running off-the-shelf hardware under ~$5k USD, and a 1 gigabit network connection. The network does not use sharding or partitioning to achieve this."


About Raj:
"Raj Gokal is the Co-Founder and COO of Solana. He has spent 10 years in startups, product management, and venture capital. He was a venture investor at General Catalyst, started the consumer medical device company Sano which attracted over $20m in investment, and led product management at Omada Health as it grew tenfold."

***Sponsored by InvestHK***