PocketPay on Solana

Compared to other known networks such as Bitcoin and Ethereum, Solana has proven to be the top Blockchain network handling scalability issues. Solana Blockchain had already completed more than 33B transactions at 65k TPS (transactions per second) by the time this Whitepaper was written. With 1074 validator nodes, the average transaction fee is 0.00025 dollars. BTC's average TPS is around five, ETH's is around ten or twelve. Solana truly wins the game here.
As compared to other networks, Solana is far too far ahead. Compared to other blockchains like BTC, the Ethereum network takes 15 seconds on average instead of 10 minutes for BTC. The world's most widely used payment gateway, VISA, can only process about 2k transactions per second.
On a gigabit network, the system will support up to 710,000 TPS and a staggering 28.4 million TPS on a 40-gigabit network. Obviously, this is based on optimal performance, but it illustrates the unique value proposition of Solana in the existing crypto market.
Its unique Proof-of-History (POH) consensus mechanism (which is usually more energy-efficient and able to punish malign actors and bad actors more effectively) is also essential to its appeal. The Proof-of-History concept enables users to create historical records to prove that events took place at a certain point in time. For purposes of evaluation, it utilizes a high-frequency Verifiable Delay Function. For example, once the event is evaluated in a transaction, it will result in a unique hash and a count that can be transparently and efficiently verified.
Each node within the network displays a cryptographic clock that chronologically organizes the events that occurred at each node, which serves as a timestamp. As a result, Solana's network is able to handle high transaction speeds without compromising on security or efficiency.
Furthermore, Proof-of-History is also an innovative way of reducing the amount of time spent verifying transactions, and when combined with a PoS consensus mechanism, it makes selecting the next block validators a lot easier.
Additionally, each node can verify transactions faster, so one of the primary problems with first-generation Blockchain is mitigated.