April 19, 2024

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How has the price of the Solana cryptocurrency changed in the past 24 hours?

How has the price of the Solana cryptocurrency changed in the past 24 hours?

Solana is a blockchain that leads the development of DAPPs and is capable of processing 50 thousand transactions per second, which is one of the fastest. (information)

Among the countless cryptocurrencies that have emerged, a few stand out Solarium. They are identified in the cryptocurrency market by the acronym sun, Founded in 2017 by Anatoly Yahovenkostands out for High performance in your transactions Its short processing times, with around 50,000 transactions being carried out per second, make it one of the fastest transactions on the market.

Regardless of its speed, Solana ensures low transaction costs due to its scalabilitykeeping it under $0.01 for both developers and users.

The original Solana code is mainly used in manufacturing Staking (Which consists of obtaining cryptocurrencies and keeping them locked in a digital wallet to obtain rewards) and Pay transaction fees Having a limited supply, with half of the used SOL burned into each commission to maintain a set level of inflation each year.

While the debate is getting hotter day by day about whether its use is appropriate or not, Today at 16:55 (UTC) Solana is trading at $186.36, representing a change of -1.57%. Regarding the last 24 hours and Variance 1.4% Noting its value reached in the past hour.

In terms of market value, it has maintained its position no 5 Among cryptocurrencies.

Cryptocurrency is a digital medium An exchange that does not exist physically and uses cryptographic encryption to ensure the integrity of its operations, while maintaining control over the creation of its new units.

Physical representations of various digital currencies (Reuters/Banco Santander)

Bitcoin was the first to reach the market and was followed by other currencies that were also of great importance, e.g litecoin, ethereum, IOTA, tether, Cash, Ripple, Decentraland, and even some born from memes like dogecoin.

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Cryptocurrencies have various characteristics that make them unique: they are not controlled by any institution; No need for third parties in transactions; And Always use blockchain To prevent the illegal creation of new cryptocurrencies or changing transactions that have already been made.

However, since there are no regulatory bodies such as a central bank or similar entities, they are clearly identified as Unreliability, volatility, promoting fraud, lack of a legal framework that supports its users, and allowing the operation of illegal activities, among others.

Although it may be a paradox, cryptocurrencies at the same time guarantee security to miners regarding the network they are in (the network) which includes code management; Breaking this security is possible, but it is not easy to achieve, because whoever tries to do so must have greater computing power than even Google itself.

You can buy and exchange them Through specialized portals. Its value varies according to supply, demand, and user commitment, so it can change faster than traditional money, but the more people care and want to buy a particular currency, the higher its value.

An ATM to buy cryptocurrencies. (EFE/EPA/Justin Lin/File)

However, whoever invests in this type of digital asset should be very clear that this model It brings with it high risks to capitalWell, just as it can have a surge, it can also crash unexpectedly and wipe out its users' savings.

To store it, users must have a file Digital wallet or walletIt is, in fact, a program through which cryptocurrencies can be saved, sent and dealt with. In fact, this type of wallet only stores the keys that indicate a person's ownership and right to a particular cryptocurrency, so it is these tokens that actually need to be protected.

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