Market Signal

What Is Solar (SXP)?

Solar is a decentralized community-driven blockchain project that is focused on creating an ecosystem with true governance where SXP is at the core of everything it does.
SXP became its own entity when Binance acquired the remaining outstanding shares of Swipe last December 2021. SXP was then rebranded to Solar, an ecosystem with open-source developers and community involvement.
Solar stands out from other traditional blockchains in many ways. One of the impressive qualities of Solar is that it utilizes the Delegated Proof of Stake (DPoS) consensus model. This makes the Solar Blockchain sustainable, efficient and fully decentralized.
Solar (SXP) blockchain offers a wide variety of features and tools that allows it to level with enterprise-grade applications. The best way to describe Solar (SXP) is a combination of Ethereum, Solana and Cosmos.
Nayiem Willems leads the technical aspect of Solar alongside open-source community developers.
He has a wide experience in building and leading businesses in the blockchain and financial sector and running successful businesses for real-world applications in the tourism industry and continues to use his knowledge to build the most complete, all-in-one, industry-leading decentralized blockchain solution.

How Is the Solar Network Secured?

Solar Network utilizes a Byzantine Fault Tolerance consensus mechanism via Delegated Proof of Stake (DPoS) powered by SXP