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Solana is a rapidly-growing high-performance blockchain powered by a Proof of History (PoH) consensus mechanism and a novel stateless programming model that decouples code from data. With parallel execution on the PoH Sealevel runtime (instead of PoW), it achieves 100X-1000X speedups compared to Ethereum in terms of transactions per second. With the new programming model, new constraints (owner, signer, keys, bump seeds) and vulnerabilities (missing checks, overflows, type confusion, etc.) must be carefully verified to ensure the security of Solana smart contracts.
Cui et al. (Mon,) studied this question.
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