SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network and earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol, and earn rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency.
Solar is built on the Solar Core, a Layer-1 Blockchain Framework. The Solar blockchain uses the Delegated Proof-of-Stake Consensus (DPoS). The network is protected and supported through DPoS by 53 delegates, also known as node operators, or validators.
Solar is an enterprise-level blockchain ecosystem powered by open-source developers and community participation which aims to create a transparent governance ecosystem. Developers constructing DApps on the Solar platform have access to a variety of features, such as smart contracts, decentralized storage, as well as numerous tools and resources, all of which are provided by Solar Core.
Solar Core 5.0
The upcoming release of Solar Core 5.0 will mark the introduction of a large number of new features and improvements, of which the most significant have been included in this section. This covers not only a new consensus model and the Solar Virtual Machine (SVM) but also username registration, permissioned keys, and node management.
