What is Proof of History (PoH)?
Imagine a cosmic ledger. This ledger doesn’t just record transactions; it stamps them with time. That’s Proof of History (PoH) for you – a chronological stamp on events.
Why is it Cool?
- Trustworthy Timeline: Ever seen a movie where you wish you could confirm if events happened in the order they’re shown? PoH does just that for blockchain.
- Speedy Gonzales: Remember him? That ultra-fast mouse from old cartoons? With PoH, blockchains race like Speedy, making them incredibly efficient.
How Does it Work?
- Sequential Hashing: Think of dominoes. One falls leading to the next. In PoH, one event leads to another in a sequence.
- Built-in Clock: Imagine a stopwatch that never stops. PoH embeds time between actions, making forgery nearly impossible.
So, Why Should You Care?
Ever felt cheated when someone cuts the line? In the blockchain world, order matters. Without it, chaos ensues. Proof of History? It’s the bouncer that ensures everyone plays fair.
In a nutshell: Just as tree rings tell a tree’s age, Proof of History gives blockchain a verified timeline. It’s not just about recording events, but knowing when they danced onto the stage. 🌳🕰🎶
