Important Steps in Solana Blockchain Development

Solana blockchain development

Solana is an open-source blockchain technology that allows you to develop decentralised apps and NFT marketplaces. It is still in the Beta phase and claims to be a powerful blockchain for developers. Solana will become a powerful competitor in the future.

Solana has features like fast speed, censorship-resistant and low cost of transaction. It has good security, is scalable and is decentralised in nature. This has led to a high growth of Solana projects. The languages used in Solana development are C, C++ and Rust. Solana uses smart contracts which can be developed using the Rust programming language.

Solana’s native token is SOL and it can be used to pay for all on-chain-related transactions as a gas fee. It can also be used on smart contract platforms. It can be used by investors to make micropayments and by supporting the network the SOL token holders can earn rewards.

**Blockchain development using Solana**

Solana uses a proof-of-history method and this allows the timestamp to be built in the blockchain. The transactions are evaluated and given a unique hash and an account.

The leader nodes stamp the blocks with cryptographic proofs which are used to keep track of the ordering of events. In the Solana blockchain the transactions are broken into small groups called the entries. By using this type of architecture you can tell which block of transaction came ahead of the other. Though it will be tough to determine which transaction came first and which came last.

The leader nodes share the block with the validator nodes which verify the proof. Solana lets the transactions come as input to the leader node. The leader executes the transaction on the current state of the blockchain which is stored in the RAM. The leader then publishes the transactions with signatures. And the final stage of each transaction is passed to the verifiers.

If the transaction is confirmed then the verifiers publish the transactions on their copies of the state before publishing their signatures of state. The published confirmation on the Solana network acts as votes for its consensus algorithm.

The Solana consensus algorithm helps create more speed on the Solana blockchain. The transactions are entered on Solana through its sequential resistant hash. This hash can also be used as input for other transactions. The entries are time-stamped to record the actual sequence.

This is the process used in Solana blockchain development to track transactions and record the ordering of events.