Cryptocurrencies are booming becoming a relevant digital asset today to such an extent that some companies and governments have encouraged its use despite not having any guarantees and regulations. Among the innumerable cryptocurrencies that have emerged, a few stand out, among them solarium.
Identified in the cryptocurrency market with the acronym SOL, solana was founded in 2017 by Anatoly Yajovenkoboasting a high performance on your transactions and short processing times carrying out around 50 thousand transactions per second, becoming one of the fastest in the market.
Aside from his speed, solana promises low transaction costs due to its scalabilitykeeping them under $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)
Worth: 38.66 dollars
Change in the last 24 hours: -2.24%
Change in the last hour: -0.67%
Popularity by capitalization: #9
Cryptocurrencies are digital currencies that do not physically exist. and, unlike currencies such as the dollar, the euro or the peso, they are not regulated by any institution and do not require intermediaries in transactions.
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 control the creation of your coins. 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 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 its price increase.
In The Savior, President Nayib Bukele legalized bitcoin, becoming the first country to do so. In the case of Mexico, one of the wealthiest businessmen in the country, Ricardo Salinas Pliego, has made public his intentions to accept cryptocurrencies in his companies, one of his main ones -the Elektra store- already does so. For his part, the president of Argentina, Alberto Fernández, has suggested using its use to combat inflation. Even in Peruthe Central Reserve Bank warned that it was working on its own digital currency project.
To acquire any of the cryptocurrencies that are in this unregulated market, you have to go to specialized portals.
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 who are interested and want to own a certain cryptocurrency, the higher its price will be and vice versa.
However, whoever 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 have an unexpected crash and end the savings of its users.