Solana Technology — SafeCoin Future

What is SafeCoin?

This guide contains detailed steps on how you can unstake and re-delegate your SafeCoin ($SAFE).

Cryptocurrencies use consensus algorithms, which is a method of securing the blockchain and ledger of a cryptocurrency. The thousands of cryptocurrencies today use a wide variety of consensus algorithms, each with its advantages and disadvantages. In this article, we will be looking at a unique consensus algorithm called Proof-of-History. Proof-of-History is currently used by two blockchains, namely Solana and SafeCoin. We will be comparing Proof-of-History to several well-known consensus algorithms to find out if Proof-of-History can be the future.

Table of contents

  • Proof-of-Work
  • Proof-of-Stake
  • Solana’s Proof-of-History
  • Problems with Solana’s Proof-of-History
  • SafeCoin’s Proof-of-History
  • Conclusion

Proof-of-Work

The following guide explains how to set up and use the SafeCoin wallet designed specifically for the SafeCoin ecosystem. This wallet lets you send, receive SAFE, and interact with SPL tokens (SAFE-based tokens) on the SafeCoin blockchain.

What is SafeCoin?

Want to learn how to buy SafeCoin? You can start investing in $SAFE on Safe.Trade!

This guide contains detailed steps on how you can stake your SAFE coins and earn rewards.

SafeCoin is a Proof-of-Stake-based blockchain network that offers fast and secure transactions. SafeCoin is a community version of Solana and therefore shares a lot of technologies with Solana. So do both platforms support building crypto applications that can scale. Solana and SafeCoin share a new consensus method called Proof of History (PoH) to verify transactions that help it to process 65k+ transactions per second. The SafeCoin platform has a native Coin named SAFE that is used to pay the network transaction fee.

Martin Schillhorn

Hi I am Martin, I am a student form the Netherlands who loves to talk and write about Crypto.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store