Thursday, October 31, 2024

Cryptocurrency Market: What is the price of Solana?

Must Read
Solana is a blockchain that drives the development of DAPPs and is capable of processing 50,000 transactions per second, one of the fastest. (Info)

Among the countless cryptocurrencies that have emerged, a few stand out. SolariumIt is identified in the cryptocurrency market by the abbreviation sun, Created in 2017 by Anatoly Yakhovenkostands out High performance in your transactions And short processing times, with around 50,000 transactions executed per second, making it one of the fastest on the market.

In addition to its speed, Solana ensures low transaction costs due to its scalability.keeping it under $0.01 for both developers and users.

The native solana token is mainly used in manufacturing. Imad (Which consists of obtaining cryptocurrencies and keeping them locked in a digital wallet to get rewards) and Pay transaction fees There is a limited supply, with half of the SOL used in each commission burned to maintain a set level of inflation each year.

While the debate is getting hotter every day about whether or not it is appropriate to use it, Solana is trading today at 16:55 (UTC) at $181.98, a change of -1.54%. Regarding the past 24 hours and Variance -0.33% Referring to the value it reached in the last hour.

In terms of market value, it has maintained its position. Number 4 Between cryptocurrencies.

Cryptocurrencies were born in 2008. As an alternative to the devaluation of many currencies as a result of the economic crisis that year.

The first digital asset created was Bitcoin Over time, others appeared, such as: Litecoin, Ethereum, Bitcoin, Cash, Ripple, Dogecoinsome of the most popular.

See also  Saudi Arabia marks the move in OPEC+ with an additional cut in its crude production

Cryptocurrencies work through a Encrypted encryption ensures transaction security, as well as control over your coin generation. .

To conduct transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger..

It is worth noting that cryptocurrencies are digital assets that do not actually exist, and unlike currencies such as the dollar, euro or peso, they are not subject to regulation by any institution and do not require intermediaries in transactions.

The latter has caused cryptocurrencies to be viewed poorly by the official market, being accused of being unreliable, volatile, encouraging fraud, not having a legal framework that supports their users, and allowing illegal activities to operate, among other things.

Physical representation of various cryptocurrencies. (Reuters/Edgar Su)

However, little by little the way opened up to the point that companies, millionaires and even countries encouraged or started using it.

One of the world’s richest men, Elon Musk, has made comments in favor of virtual currencies such as Bitcoin and Dogecoin, temporarily allowing their use in electric car company Tesla, which, at the time, caused their price to rise.

Latest News

Fast, Private No-Verification Casinos in New Zealand: Insights from Pettie Iv

The world of online gambling has come a long way since its inception, and New Zealand has been no...

More Articles Like This