Solar (SXP) is an open-source layer-one blockchain that is focused on decentralized peer-to-peer payments. It operates on a delegated proof-of-stake consensus mechanism and is governed by a decentralized autonomous organization (DAO). SXP is the native coin of the Solar blockchain and is used for transactions on the platform.

Solar (SXP) was developed by a team of developers led by Joselito Lizarondo, who is also the CEO of Swipe. The team has extensive experience in the cryptocurrency industry, and their goal is to create a community-driven blockchain that is comparable to popular blockchains like Ethereum and Solana.

Solar (SXP) is primarily used for decentralized peer-to-peer payments on the Solar blockchain. SXP is the native coin of the platform and is used for transactions on the network. Solar has also deployed the Solar Side Ledger Protocol, which allows users to create Solar equivalents of ERC-20 tokens and NFTs. The Solar blockchain is secured by a vote-based system using the native SXP coins, and users can also stake their SXP coins to earn rewards and help secure the network. In the future, Solar's development will focus on improving governance and increasing interoperability between Solar and other ecosystems.