Cryptocurrency market today: how much is solana worth

Solana is one of the virtual currencies that has gained the most importance in recent years. in the digital currency market, so it is important to know your movements within this unregulated market.

Created in 2017 by Anatoly Yakovenko It has a unique Proof-of-Stake consensus mechanism, which solana says improves its scalability without sacrificing decentralization and security. To maintain a set level of inflation each year, it burns half of your used cryptocurrency in each fee.

also has a high transaction throughput and short processing time so much so that it manages to perform 50,000 transactions per second, this is achieved by linearly processing transactions to create a verifiable order of all network activity.

While the debate heats up every day on the convenience or not of its use, solana is trading today at 15:55 (UTC time) at 23.18 USD, which represents a change of 3.8% compared to the last 24 hours and a change of -0.22% with reference to its value reached in the last hour.

A cryptocurrency is a digital medium exchange that does not physically exist and 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 followed by others that also had great relevance, such as litecoin, ethereum, IOTA, tether, cash, ripple, decentraland, even some born of memes like dogecoin.

Cryptocurrencies have various factors that make them unique: not being regulated by any institution; not require third parties in transactions; And almost always use accounting blocks (blockchain) to prevent new cryptocurrencies from being illegally created or transactions already made from being tampered with.

However, by not having regulators such as a central bank or similar entities, they are singled out for not being reliable, being volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.

To acquire and exchange them you can via specialized portals. Its value varies based on supply, demand and user engagement, so it can change faster than traditional currency, but the more people are interested and want to buy a certain currency, the more its value is high.

However, anyone investing in this type of digital asset should be very clear that this form entails a high risk for the capitalWell, just as there can be a surge, it can also crash unexpectedly and wipe out the savings of its users.

To store them, users must have a digital currency or wallet, which is actually software through which it is possible to save, send and transact cryptocurrencies. In fact, these types of wallets only hold the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that really need to be protected.