Among the countless cryptocurrencies that have emerged, a few stand out, among them solarium. Known in the cryptocurrency market by the acronym SUN, was created in 2017 by Anatoly Yakhovenkoboasting a 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 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 today at 16:55 hours (UTC) it is 148.36 dollarswhich means that the cryptocurrency had a change of 2.13% in the last day.
On the other hand, it registered a change of -0.12% 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 the language of everyday life, awakening the interest of those who are concerned about finances or even reaching the level of being legalized in some regions of the globe.
As their name indicates, virtual currencies 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 increased 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 founded through a process called “mining” and users can acquire them through different agents or cryptocurrency 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 it is expected that their use will be greater in the not so distant future.
Cryptocurrencies have several factors 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 modified.
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; Breaking 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.
