Cryptocurrencies: the value of solana for this day

Cryptocurrencies: the value of solana for this day
Cryptocurrencies: the value of solana for this day

Solana is a blockchain that drives the development of DAPPs and is capable of processing 50 thousand transactions per second, one of the fastest. (Infobae)

Among the countless cryptocurrencies that have emerged, a few stand out, among them solarium. Known in the cryptocurrency market by the acronym SUN, was founded in 2017 by Anatoly Yakhovenkostanding out for the high performance in your transactions and fast processing times, carrying out around 50 thousand transactions per second, making it one of the fastest on the market.

In addition to its speed, solana promises low transaction costs due to its scalabilitykeeping them below $0.01 for both developers and users.

The solana native token is mainly used to make staking (which consists of acquiring cryptocurrencies and keeping them locked in a digital wallet obtaining rewards) and pay transaction fees having a limited supply, while burning 50% of the SOL used in each commission to maintain a set level of inflation each year.

The solana quote for this day at 16:55 hours (UTC) it is 145.57 dollarswhich means that the cryptocurrency had a change of -5.88% in the last day.

On the other hand, it registered a change of 0.2% compared to its value an hour ago. As for his popularityis located in position #5.

Virtual currencies are currencies that do not physically exist and, unlike currencies such as the dollar, euro or peso, they are not regulated by any institution and do not require intermediaries in transactions.

Physical representations of various cryptocurrencies on the motherboard of a computer (EFE/Sedat Suna)

Consequently, they are regularly not viewed favorably by the formal market and are accused of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among others.

However, little by little they have opened the way to such a degree that companies, millionaires and even States have encouraged or authorized their use.

These cryptocurrencies work through cryptographic encryption that guarantees the security of transactions., as well as the control of the creation of its units. To make transactions, Cryptocurrencies use a decentralized database, blockchain or shared ledger.

Currently there are several cryptocurrencies in this unregulated market, however, the pioneer was Bitcoin, created in 2008, with it others emerged such as litecoin, ethereum, bitcoin cash, ripple, dogecoinsome of the most popular.

One of the richest men in the world, Elon Muskhas made comments in favor of cryptocurrencies such as bitcoin and dogecoin, even temporarily accepting the digital currencies at his electric car company Tesla, which has triggered the increase in their cost.

To buy any of the cryptocurrencies in this unregulated market you have to go to specialized portals.

A worker helps a man use bitcoin in front of a “Chivo” ATM, the digital wallet backed by the Salvadoran government, in San Salvador, El Salvador. September 8, 2021. (REUTERS/Jose Cabezas)

It is worth mentioning that the value of each of these digital currencies depends on supply and demand, as well as the commitment of the users themselves, which can cause abrupt changes.

This means that the more people are interested and want to get hold of a certain cryptocurrency, the higher its value will be and vice versa.

However, anyone who invests in this type of digital currency must be very clear that this form brings with it a high risk to capitaljust as there may be an increase, it may also unexpectedly have a crash and wipe out the savings of its users.

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