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全資産Every research file, largest firstセクターWhat each category holds and weighsランキングFourteen leaderboards and what they missヒートマップThe market sized by value, shaded by changeグローバル市場Total capitalization, dominance and volume
ツール
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ネットワーク活動Addresses, transactions and throughputStablecoinsDollar tokens, where they live and what backs themStaking & yieldWhat securing a network pays, after issuance
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Standardized measures
バリュエーション指標Price against fees and revenue, limits statedSupply & issuanceCirculating, maximum and the dilution ahead指標の定義Every figure: definition, period, limitation
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上場取引型プロダクトEvery US-listed fund, with a page each企業の保有資産Listed companies holding digital assets
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リサーチノートShort notes written from stored figuresイベントカレンダーUpgrades, halvings and policy dates
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リスクフレームワークFifty factors in seven familiesセキュリティインシデントExploits and failures, with the losses
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Learn libraryEleven tracks, from first principles用語集Every term in plain English計算ツールFee drag, dilution and conversion
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定義 PoHVerifiable delay ordering

Proof of History

A timestamping technique used by Solana that creates a verifiable sequence of events before validators vote on them.

A leader runs a continuous chain of SHA-256 hashes where each output can only be produced after the previous one, so the length of the chain is evidence that time passed. Transactions and events are inserted into that sequence, which means validators do not have to exchange messages to agree on ordering before they can vote, removing a large part of the communication cost of consensus. Solana pairs this with a stake-weighted voting protocol that decides which fork is canonical, so proof of history handles ordering while consensus handles agreement. Readers meet the term mainly in explanations of why Solana targets very short block times.

実際の運用

Because the hash sequence is sequential by construction, any observer can verify that events were recorded in a particular order without trusting the leader's clock.

よくある誤解

Proof of history is not a consensus mechanism on its own; it orders events, while a separate stake-weighted vote decides which chain is canonical.

02

関連用語

Block Time The average time between blocks on a network, which sets how often new transactions get their first…
Consensus Mechanism The rule set that lets many independent computers agree on one shared history without trusting each…
Hash Function A one-way function that turns any data into a fixed-length fingerprint, where the same input always…
Proof of Stake A system where the right to propose and approve blocks goes to participants who lock up the…
Validator A participant in a proof-of-stake network that proposes and approves blocks, backed by a deposit…
Digital Asset DatabaseDigital asset research & education

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Fees & revenueロック済み価値Exchange volumeネットワーク活動StablecoinsStaking & yield

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バリュエーション指標Supply & issuance指標の定義リスクフレームワークセキュリティインシデント

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上場取引型プロダクト企業の保有資産Eventsリサーチノートニュース

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