Solar is a Layer-1 blockchain that provides a more scalable environment for developers to launch new projects without high fees. The Solar blockchain uses a Delegated Proof of Stake (DPoS) consensus model and is secured by 53 elected block producers who validate transactions and produce new blocks.
The Solar Blockchain has an 8-second block time, making it one of the industry’s fastest and most secure blockchains. It is governed by a DAO (Decentralized Autonomous Organization).
The Solar Blockchain Foundation is a non-profit organization established in Estonia that focuses on creating an open-source blockchain ecosystem with community involvement and enterprise-grade applications. It provides various features and tools to level up with such applications.
SXP is the native token of the Solar blockchain and is used for transactions within the network. SXP holders can also exercise voting power to select new delegates and pass new proposals that shape the evolution of the network.
