What is Solar (SXP)?

Deep Dive

1. Purpose & Value Proposition

Solar aims to bridge blockchain utility with everyday use cases. Its ecosystem includes partnerships with platforms like Travala (travel bookings), Tymt (multi-chain gaming), and Solar Card (crypto-to-fiat transactions). This focus on practical applications distinguishes it from purely speculative crypto projects.

2. Technology & Consensus

The network uses Delegated Proof of Stake (DPoS), where 53 Block Producers validate transactions. This model prioritizes speed and energy efficiency, processing transactions in ~8 seconds. Solar Core, its blockchain software, originated as a fork of ARK Core but has since been overhauled for enhanced security and unique features like on-chain token protocols.

3. Tokenomics & Governance

SXP has a fixed supply of 664 million tokens. Its deflationary mechanics include periodic burns via transaction fees. Holders delegate voting power to Block Producers, who share forging rewards with their supporters—a system incentivizing participation while decentralizing control.

Conclusion

Solar positions itself as a scalable, use-case-driven blockchain with a strong emphasis on community governance and real-world adoption. As it expands into DeFi and NFTs, how will its ecosystem balance accessibility with technical innovation to attract broader adoption?