Proof of History (PoH)

A clock mechanism that cryptographically proves the passage of time between events. PoH uses a sequential SHA-256 hash chain where each output becomes the next input, creating a verifiable ordering of events without requiring consensus. The leader produces ~400,000 hashes per slot (~400ms), and any validator can verify the sequence in parallel, enabling Solana's high throughput by removing the need for validators to agree on time.