From Bitcoin to Solana -- Innovating Blockchain towards Enterprise Applications

Abstract

This survey presents a comprehensive study of recent advances in block-chain technologies, focusing on how issues that affecting the enterprise adoption were progressively addressed from the original Bitcoin system to Ethereum, to Solana etc. Key issues preventing the wide adoption are scala-bility and performance, while recent advances in Solana has clearly demon-strated that it is possible to significantly improve on those issues by innovat-ing on data structure, processes and algorithms by consolidating various time-consuming algorithms and security enforcements, and differentiate and balance users and their responsibilities and rights, while maintaining the re-quired security and integrity that blockchain systems inherently offer.