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Solar (SXP) Things You Need to Know Before Investing

What Is Solar (SXP)?

Solar (SXP) is a decentralized community-driven blockchain project focused on creating an ecosystem with true governance where SXP is at the core of everything it does. SXP became its entity when Binance acquired the remaining outstanding shares of Swipe last December 2021. SXP was rebranded to Solar, an ecosystem with open-source developers and community involvement. Solar stands out from other traditional blockchains in many ways. One of the impressive qualities of Solar is that it utilizes the Delegated Proof of Stake (DPoS) consensus model. This makes the Solar Blockchain sustainable, efficient, and fully decentralized. In addition, solar (SXP) blockchain offers various features and tools that allow it to level with enterprise-grade applications. The best way to describe Solar (SXP) is a combination of Ethereum, Solana, and Cosmos. Nayiem Willems leads the technical aspect of Solar alongside open-source community developers. He has a wide experience in building and leading businesses in the blockchain and financial sector and running successful businesses for real-world applications in the tourism industry. He continues to use his knowledge to build the most complete, all-in-one, industry-leading decentralized blockchain solution.

How Is the Solar Network Secured?

Solar Network utilizes a Byzantine Fault Tolerance consensus mechanism via Delegated Proof of Stake (DPoS) powered by SXP.

Where Can You Buy Solar (SXP)?

The Solar (SXP) coin is available to trade on over 50 different exchanges, including several of the largest and most reputable platforms — including Binance, KuCoin, and Poloniex.

SXP is currently listed against a variety of cryptocurrencies, including Tether (USDT), Bitcoin (BTC), and Ethereum (ETH), as well as several fiat currencies, like Korean, won (KRW), euros (EUR), and U.S. dollars (USD).

Also Read: XDC Network (XDC) Things You Need To Know Before Investing

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Riya Kapoor

Riya Kapoor writes about lifestyle, entertainment, news and gadgets. She has been in this industry for almost 4 years now. She is a graduate from Delhi University with English Hons and had deep connection with writing since her childhood.

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