Cointelegraph recently reported on Solana's unveiling of their partnership with Google. According to Decrypt, Google's cloud computing services division will bring its Blockchain Node Engine to Solana beginning in 2023. But what does it mean?
Solana and Ethereum both use a proof-of-stake (PoS) consensus mechanism, where validators stake their cryptocurrency as collateral for the privilege of earning rewards for assisting the blockchain. Doesn't collateral sound like cash reserve, and privilege - maybe the access that some get for earning premium interest on their investments? But what can blockchain do better than existing banking infrastructure?
According to Investopedia, Solana improves PoS by also implementing PoH - Proof of History. I'm thinking, investigators may need proof of history for their work. Solana (SOL) rose 12% on the news, changing hands at around $36.80 at time of publication.
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