The solan cryptocurrency price today

Cryptocurrencies are booming and becoming a relevant digital currency today so much so that some companies and governments have encouraged its use despite the lack of guarantees or regulations. Among the countless cryptocurrencies that have emerged, a few stand out, among them solana.

Identified in the cryptocurrency market with the initials SOL, solana was founded in 2017 by Anatoly Yajovenkonoting for the high performance in your transactions and short processing times performing around 50,000 transactions per second, making it one of the fastest on the market.

Besides its speed, solana promises low transaction cost due to its scalabilitykeeping them under $0.01 for developers and users.

The native solana token is mainly used to do staking (which consists of acquiring cryptocurrencies and keeping them locked in a digital wallet to obtain rewards) and pay transaction fees have a limited supply, while burning half of the SOL used in each commission to maintain a set level of inflation each year.

solarium price

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 23.05 USD, which represents a change of 1.95% compared to the last 24 hours and a change of 0.01% with reference to its value reached in the last hour.

cryptocurrencies They cease to be outsiders and begin to enter the language of everyday life, attracting the interest of those who are preoccupied with finances or even to the point of being legalized in some parts of the world.

As the name suggests, digital currencies they use cryptographic or encryption methods to perform transactions in a decentralized system and, most of them, by block chains (blockchain), which moves it away from traditional models where banks operate as intermediaries.

Its innovation has made many people interested in investing in digital currencies, as its value has increased significantly in recent years, being bitcoin, ethereum and dogecoin the most popular and those with the largest market capitalization.

Each of these units is created by a process called “mining” and users can acquire them through different agents or digital currency exchanges, to later store them in “crypto wallets” or conduct various transactions with them through unique keys.

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

However, by not having regulators such as a central bank or similar entities They are flagged as unreliable, volatilepromoting fraud, not having a favorable legal framework for its users, allowing the operation of illegal activities, among others.

Although it may be a paradox, cryptocurrencies in turn guarantee security to their miners in terms of the network in which it is located (lattice) and this involves code management; hacking this security is possible but difficult because anyone trying it would have to have more computing power even than Google itself.

Anyone investing in this type of digital currency should be very clear that this form brings with it a high capital riskWell, 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 reality, this type of wallet only stores 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.