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![Solar logo](https://dynamic-assets.coinbase.com/1a324b8d95d9f18c4a2b668c67260ba4c52dfa01d909fd2c2d75b3602c55b39a4a5c8778c2b8b9872b7bf4ab4fbd8809cf4c0277d5387ac6a5267c21e027d8c2/asset_icons/288180d458a72017d3b0f8cbcf5deb9ba059d3c6a50103f0733b2697689ad608.png)
Solar
SXP
About Solar
Solar (SXP) is a decentralized blockchain that utilizes a Delegated Proof-of-Stake (DPoS) consensus model. It is powered by its native utility token, SXP, which plays a crucial role in securing the network and facilitating transactions. Users can stake SXP tokens to help secure the network and in return, they may receive compensation. The Solar blockchain also allows users to propose and vote on changes to the protocol, thereby fostering a transparent governance ecosystem. The Solar blockchain is designed to be an enterprise-level ecosystem, supported by open-source developers and community participation. It provides a platform for developers to build decentralized applications (DApps) with access to a variety of features, tools, and resources.
Solar operates on the Solar Core, a Layer-1 Blockchain Framework, using the Delegated Proof-of-Stake Consensus (DPoS). The network is maintained and protected by 53 delegates, also known as node operators or validators. These validators are chosen by the community through a voting process. Solar aims to enhance its security by a combination of Proof-of-Stake (PoS) consensus, multi-signature wallets, smart contracts, and a decentralized architecture. Instead of miners competing to validate transactions, the PoS mechanism selects validators based on their stake in the network. Solar also has a bug bounty program in place to encourage security researchers to identify and report potential vulnerabilities, aiming to continually improve the network's security.