Proof of History

Proof of History (PoH) is a method used in blockchain technology to establish a chronological order of events. It timestamps transactions, proving when they occurred, without needing to rely on external sources. Think of it like a historical ledger that securely records the sequence of events. PoH enables faster processing of transactions by allowing nodes (computers in the network) to verify the time of events without needing to constantly communicate and confirm with each other. This enhances efficiency and scalability, making it easier to maintain a decentralized network.