Technology
Stream Protocol is based on Solana Blockchain Technology.
Why Solana?
Solana is a high-performance blockchain platform that aims to provide fast, low-cost transactions for decentralized applications. It uses a novel consensus mechanism called "Proof of Stake Time" (PoST) and a technology called "Tower BFT" to achieve its high throughput.
Solana is compatible with other blockchain protocols, enabling interoperability between different networks. Solana has a growing number of projects and partnerships, which are built on it, making it a promising choice for decentralized applications like StreamPay.
Some of the key features of Solana include:
High throughput: Solana can process up to 65,000 transactions per second, making it one of the most scalable blockchain platforms.
Low latency: Transactions on Solana are confirmed in under 400 milliseconds, providing fast confirmation times for users.
Low cost: Solana uses a unique consensus mechanism called "Proof of Stake Time" (PoST) which reduces the cost of running a node and facilitates a more decentralized network.
Energy efficient: Solana's consensus mechanism is designed to be energy efficient, reducing the environmental impact of the network.
Decentralized: Solana uses a decentralized network of validators to process transactions and secure the network, making it resistant to censorship and control.
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