In the context of Solana, a transaction is a collection of instructions that are executed atomically (all at once). These instructions can perform various actions, such as transferring tokens, creating new accounts, or updating existing accounts. Voting is one such action that can be part of a transaction in the Solana network.
When validators cast their votes, they submit a transaction containing a vote instruction, which gets recorded on the blockchain. These vote transactions help maintain the security and integrity of the network by participating in the consensus process, just like other types of transactions.
In the Solana blockchain, votes are counted as transactions because of the way the network’s consensus mechanism works. Solana uses a unique consensus algorithm called Proof of History (PoH) in combination with a delegated Proof of Stake (dPoS) system.
In Solana, validators create and validate new blocks by participating in the consensus process, which involves voting on the state of the network. The PoH algorithm enables validators to agree on the time order of events without extensive communication. The dPoS system, on the other hand, involves validators staking their native cryptocurrency (SOL) as collateral to participate in the consensus process.
Votes in Solana are essentially messages from validators about the state of the blockchain. These votes are required for achieving consensus and validating transactions, including the validators’ votes themselves. Since these votes are an essential part of maintaining the security and integrity of the network, they need to be recorded on the blockchain. Therefore, they are treated as transactions.
Counting votes as transactions also helps maintain transparency, as all validators’ actions are recorded on the blockchain. This feature allows anyone to audit the network and ensures that validators are held accountable for their decisions. Additionally, treating votes as transactions allows for the use of fees to prevent spamming and other malicious activities, further enhancing the security of the network.
If you want to see the current Solana transactions per second, including non-vote transactions per second, Solana Compass is a wonderful resource.