Question 1

What is Solar (SXP)?

Accepted Answer

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.

Question 2

Who created Solar (SXP)?

Accepted Answer

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.

Question 3

What is it used for?

Accepted Answer

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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SXP-USDT SXP_USDT	poloniex	C	0.0₃1000USDT	0.00%	49,895.27SXP	1	0.0₃1000USDT	0.0₃1000USDT
2	SXP-USDT SXPUSDT	hitbtc	E	0.0₃1100USDT	0.00%	0SXP	0	0.0₃1100USDT	0.0₃1100USDT
3	SXP-BTC SXPBTC	hitbtc	E	0.0₈2000BTC	0.00%	0SXP	0	0.0₈2000BTC	0.0₈2000BTC
4	SXP-INR SXP_INR	unocoin	-	9.00INR	0.00%	0SXP	0	9.00INR	9.00INR