Solana Blockchain vs CyberMiles
What problem does this service solve?
|Solana allows developers to create DApps with faster performance by separating the consensus process from the recording of transactions.||Cybermiles' goal is to provide for a toolkit for developers building decentralized e-commerce applications.|
The Solana blockchain uses an innovative Proof of History mechanism to confirm transactions that are recorded on the network. Solana is designed to separate the consensus process from the flow of transactions. This is done with a recursive, verifiable delay function that hashes incoming transactions, and recording information as a function of time. Every node on the Solana blockchain is assigned a cryptographic clock that enables the network to determine the time and ordering of transactions, without having to wait for consensus from other nodes. By separating the process of transaction verification from their recording, a higher throughput is achieved without sacrificing network security.
CyberMiles is developing a decentralized ecosystem for e-commerce. Their blockchain platform will provide users a library of e-commerce focused smart contracts to develop DApps and will facilitate decentralized settlements between parties.