How the value of solana cryptocurrency has changed in the last day

Solana is among the top 10 cryptocurrencies in the market.  (Infobae)
Solana is among the top 10 cryptocurrencies in the market. (Infobae)

Cryptocurrencies are booming becoming a relevant digital asset today to such an extent that some companies and States have encouraged its use despite not having any guarantee or regulation. Among the innumerable cryptocurrencies that have emerged, a few stand out, among them solarium.

Known in the cryptocurrency market by the acronym SOL, solana was founded in 2017 by Anatoly Yajovenkostanding out for the high performance on your transactions and fast processing times performing around 50 thousand transactions per second, becoming one of the fastest in the market.

Aside from his speed, solana says a low cost in transactions due to its scalability, keeping them below $0.01 for both developers and users.

The solana native token is mainly used to make stake (which consists of acquiring cryptocurrencies and keeping them blocked 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.

Hour: 3:55 p.m. (UTC time)

Cost: 42.54 dollars

Change in the last 24 hours: 5.37%

Change in the last hour: -0.98%

Popularity by capitalization: #9

The options in crypto are getting wider.  (REUTERS/Dado Ruvic/Illustration)
The options in crypto are getting wider. (REUTERS/Dado Ruvic/Illustration)

A cryptocurrency is a digital medium exchange that does not physically exist and that uses cryptographic encryption to ensure the integrity of its operations, while maintaining control over the creation of its new units.

Bitcoin was the first to hit the market and was later followed by others that have also had great relevance, such as litecoin, ethereum, IOTA, tether, cash, ripple, decentraland, even some that emerged from memes like dogecoin.

cryptocurrencies they have various factors that make them unique: not being controlled by any institution; not require third parties in transactions; Y 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 pointed out not being reliable, being volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.

Although it could be a paradox, cryptocurrencies in turn guarantee security to their miners in terms of the network in which it is located (framework) and that implies code management; hacking this security is possible but not so easy to achieve, because whoever tries it would have to have a higher computational power even than the one that has the own Google.

To buy and exchange them you can through specialized portals. Its value varies depending on the supply, demand and commitment of the miners, so it can change faster than traditional money, but the more people are interested and want to buy a certain badgethe higher its price.

However, whoever invests in this type of digital currency must be very clear that this form brings with it a high risk to capitalWell, just as there may be an increase, there may also be an unexpected crash and end 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 the property and the right of a person over a certain cryptocurrency, so these codes are the ones that must actually be protected.


Source link

Leave a Reply

Your email address will not be published.