Solana: How did the market move today?

Solarium she is one from Cryptocurrencies that have become more important in recent years in the cryptocurrency market, which is why it is important to know their movements within this unregulated market.

It was created in 2017 by Anatoly Yakovenko It features a unique proof-of-stake consensus mechanism, which – according to Solana – improves its scalability without sacrificing decentralization and security. To maintain a set level of inflation each year, you burn 50% of the cryptocurrencies used in each drawing.

It also has High transaction throughput and short processing time To the point of being able to execute 50,000 transactions per second, this is achieved by processing transactions linearly to create a verifiable order of all network activity.

This cryptocurrency claims to guarantee Transaction costs are lowless than $0.01 for both developers and users, thanks to its scalability.

While the debate is getting hotter every day about the appropriateness of its use or not, Today at 16:55 (UTC) Solana is trading at $22.06, representing a change of 4.07%. Regarding the last 24 hours and Contrast 0.91% Noting its value reached in the past hour.

In terms of its popularity in the market, it has maintained its position number 7 between digital currencies.

Cryptocurrencies were born in 2008 As an alternative to the decline in the value of many currencies as a result of the economic crisis of that year.

The first digital asset created was… Bitcoin Over time, others appeared, such as: Litecoin, Ethereum, Bitcoin, Cash, Ripple, Dogecoinsome of the most popular.

Cryptocurrencies work through a Cryptographic encryption ensures the security of transactions, as well as control over the creation of their units .

To carry out transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is important to note that cryptocurrencies are digital assets that do not physically exist, and unlike currencies such as the dollar, euro or peso, they are not regulated by any institution and do not require intermediaries in transactions.

The latter has caused cryptocurrencies to not be viewed favorably by the official market, accusing them of being unreliable, volatile, encouraging fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among other things.

However, little by little the way opened up to the point where companies, millionaires and even governments encouraged or permitted its use.

Elon Musk, one of the richest men in the world, has made comments in favor of virtual currencies such as Bitcoin and Dogecoin, temporarily allowing their use in the electric car company Tesla, causing their prices to rise.

in SaviorPresident Nayib Bukele has legalized Bitcoin, the first country to do so. In case MexicoRicardo Salinas Plego, one of the richest businessmen in the country, announced his intention to accept cryptocurrencies in his companies, and one of his main companies – the Elektra store – has already done so.

For his part, the president said ArgentinaAlberto Fernandez suggested using it to combat inflation. even in PeruThe Central Reserve Bank has warned that it is working on its own digital currency project.

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