Launched in December 2018 by Anatoly Yakovenko, Solana offers an innovative approach to achieving higher throughput and greater scalability of blockchain-based platforms. The project utilizes innovative proof-of-history consensus algorithm in order to effectively address the scaling issue faced by the majority of modern blockchains. PoH encodes an eternal pass of time into a blockchain register. Thus, any node in the system can be nominated as a “Leader” to achieve a PoH sequence. According to Solana CTO Greg Fitzgerald, the test platform ensures sufficient transaction processing speeds from 140 to 170 000 Tps with or without a validator node.