SXP
SXP
Crypto
Decentralised Networks
USD 0.19-0.38%
SXP
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2019
Year of creation
Description
SXP (SXP) is a Decentralised Networks crypto coin. SXP`s origin block was generated on 2019-08-14. More information can be found at https://solar.org.
Key Technical Advantages:
Solar Core Blockchain Framework: Solar is powered by Solar Core, a Layer-1 Blockchain Framework forked from ARK Core. It uses the Delegated Proof of Stake (DPoS) consensus mechanism, providing a fast, modular, sustainable, efficient, and decentralized platform. Security and Schnorr Signatures: Solar Core improved the security of the Blockchain Framework by fully utilizing Schnorr signatures and dropping support for ECDSA due to signature malleability issues. The framework is open-source, and anyone can contribute to its security via Github. Delegated Proof of Stake (DPoS) Consensus: Solar uses a DPoS consensus mechanism with 53 delegates responsible for securing and maintaining the network. Each delegate forges one block per round, with a round consisting of 53 blocks. Block forging time is 8 seconds. Voting and Delegation: Delegates are elected by voters who use the weight of their wallets to vote. Voters don't need to lock or send their SXP coins to a delegate. Delegates can take commissions ranging from 0-100% of the total rewards and share the remaining commission with their voters, but this is optional. Staking and Reward Sharing: Delegates have the option to share their rewards with voters. By voting for delegates who contribute to the ecosystem and share fewer rewards, voters can potentially create better short-term or long-term value for their SXP holdings. Content summarized by AI chatbotSource:
https://docs.solar.org/project/whitepaper/Key figures
-63.4%1Y
-84.0%3Y
-38.7%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
30.08.2022
USD 5.48
All Time High
3.54%
% of All Time High
-96.93%All Time
-68.10%1 year
Max drawdown
#277
Ranking by Market Cap
122.47 M
Market cap (USD)
0.00%
% of Market
585.231 B
Category Market Cap (USD)
0.02%
% of Category
636450102
Circulating Supply
636450102
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
9150313
Volume Traded
8.40%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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