Cryptocurrency market: what is the value of solana

Cryptocurrency market: what is the value of solana
Cryptocurrency market: what is the value of solana

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. Identified in the cryptocurrency market with 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.

Apart from its speed, solana claims low transaction costs due to 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 half 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 182.35 dollarsthat is, the cryptocurrency underwent a change of 3.48% in the last 24 hours.

On the other hand, it registered a change of 0.13% compared to its value an hour ago. As for his popularityis located in position #5.

Cryptocurrencies They are no longer foreign elements and have begun to enter everyday language, awakening the interest of those who are concerned about finances or even reaching the level of being legalized in some regions of the globe.

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

As their name suggests, cryptocurrencies they use cryptographic or encryption methods to carry out transactions in a deregulated system and, most of them, through block chains (blockchain), which distances it from traditional models where banks function as intermediaries.

Its innovation has caused many people to be interested in investing in digital currencies, since its value has grown considerably in recent years, being bitcoin, ethereum and dogecoin the most popular and those with the highest capitalization in the market.

Each of these units are created through a process called “mining” and users can acquire them through different virtual currency agents or exchanges, and then store them in “cryptographic wallets” or make various transactions with them using unique keys.

Although It was in 2009 when bitcoin entered the market as the first cryptocurrency in the world.the truth is that these are just experiencing a boom in the financial field, so their use is expected to increase in the near future.

Cryptocurrencies have various elements that make them unique: not being controlled by any institution; not requiring intermediaries in transactions; and almost always use accounting blocks (blockchain) to prevent new cryptocurrencies from being created illegally or transactions already made from being altered.

An ATM to buy cryptocurrencies. (EFE/Cristobal Herrera)

However, by not having regulators such as a central bank or similar entities they are accused of being unreliable, of being volatilepromote fraud, not have a legal framework that supports its users, allow the operation of illegal activities, among others.

Although it could be a paradox, at the same time cryptocurrencies guarantee security to their miners regarding the network in which it is located (network) and which implies code management; Hacking this security is possible but not so easy to achieve since whoever tried it would have to have a computational power greater than even that of Google itself.

Whoever invests in this type of digital currencies must be very clear that this form brings with it a high risk to capitalWell, just as there can be an increase, it can also unexpectedly crash and wipe out the savings of its users.

To store them, users must have a digital purse or wallet, which is actually a software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that should actually be protected.

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