The foundation of Solana's success is its technological excellence, which we believe provides sustainable competitive advantage in three particularly salient ways. The first is Solana’s proof-of-history, which provides validators with a concept of time. Similar to how mobile towers alternate transmissions to avoid interference, proof-of-history allows validators to generate blocks when it is their turn without the network having to reach consensus on the current block first, resulting in huge speed and scalability benefits. Second, unlike the single-threaded virtual machines that currently underlie the cryptocurrency space, Solana supports parallel transaction processing, not only dramatically improving throughput but also taking advantage of a major source of increases in computing speed. Most of today's performance gains come from adding more cores. Rather than improving the performance of each core. Finally, while Solana's historically high hardware and bandwidth requirements have sacrificed decentralization to some extent to optimize speed and security, as costs decline (Moore's Law), Solana will naturally benefit from this and perhaps become the third A project that truly solves the blockchain trilemma and finally realizes its vision of synchronizing global states at the speed of light.

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