Solar, powered by the SXP coin, is a community-focused Blockchain project that utilizes the Delegated Proof of Stake (DPoS) consensus mechanism. The network is secured by 53 producers who are elected by the community to safeguard the network, contribute to code updates, and take an active role in governance. Block producers share their earned commissions with voters to encourage participation and align the network’s interests with of its users.
What is Solar (SXP)?
Solar is distinguished for its community and emphasizes its utility and governance model. The platform is supported by the native cryptocurrency SXP coin, which facilitates various transactions within ecosystem. A key feature of Solar is its Delegated Proof of Stake (DPoS) consensus, ensuring network security and efficiency.
The DPoS system in Solar relies on 53 block producers who are elected by the community through a democratic voting process. This approach not only strengthens the network but also fosters a sense of ownership among users.
Block producers carry significant responsibilities such as safeguarding the Blockchain by verifying transactions and creating new. They also contribute to code updates for platform development and improvement while participating in decision-making processes that affect Solar’s entire ecosystem.
How to Buy Solar (SXP) with TRY?
Binance TR provides a suitable cryptocurrency exchange for investors in Turkey looking to buy Solar (SXP). On Binance TR, more than 100 cryptocurrencies including SXP can be and sold quickly after creating an account.
How to Open an Account on Binance TR?
Creating an account on Binance TR involves entering basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. number by email/sms verification before proceeding to identity verification (KYC).
How to Verify an Account on B TR?
Identity verification on Binance TR involves scanning a QR code using your phone’s camera or choosing from options available through their official website before necessary identification documents for review along with taking a selfie for face recognition technology.
How to Deposit TL oninance TR?
Depositing TL into your Binance TR account can be done easily all banks allowing you access trade opportunities 24/7.
