Why Solana and what is Blockchain?

Discussions on a new round in the development of the Clones World - the implementation of Token Government - have continued at the forum. From the developers posts we learned that the tokens will be created in the Solana blockchain. What is Solana, good or bad - we'll deal with that.

Solana is a world top-10 blockchain project.

Wait! What’s a blockchain?

In simple terms, a blockchain is a chain of blocks with information that you can’t change or fake. It is impossible, because the information is stored not in any specific computer, but thousands of its copies «smeared» all over the Internet, and for the safety of each copy is responsible a separate «node». If you attempt to falsify data on any node (or even several at once), it will be rejected as unreliable. And it’s physically impossible to falsify all the nodes at the same time.

You can store any data in the blockchain, but it usually stores financial information - a list of all wallets, their balance, and the entire history of transactions since the start of the blockchain.

Blockchain is open, anyone can see how much cryptocurrency is in each wallet, from and where the transfers were. But there’s no record of who these wallets belong to on the blockchain, and all the wallets are initially anonymous.

On the one hand, it’s a plus because no one wants outsiders to see how much money they have and to whom you transfer it. On the other hand, this anonymity opens up opportunities for financial and tax crimes, and for that reason the cryptocurrency market is constantly «pressed» by the governments of many countries. And also - if you lose «keys» from your wallet (you can name their login and password) - then restore them to you no one will help. Control over your money only in your hands.

More about Solana’s blockchain and its pros and cons will be described in the next article.

Author: DarkSilver