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Solar is a decentralised, energy-efficient delegated proof-of-stake (DPoS) blockchain network. Instead of relying on classic approaches, Solar runs the Delegated Proof of Stake (DPoS) Consensus, supported by Solar Core.
As a result, the Solar Blockchain is designed to remain sustainable, operate efficiently, and stay fully decentralised-avoiding common downsides associated with Proof of Work (PoW) chains, such as high energy consumption or exposure to centralised attack routes.
SXP serves as the native utility token for the Solar blockchain. Holders can stake it to help secure the network and receive rewards, and use it to pay transaction fees on the Solar blockchain. They can also participate in protocol governance by submitting proposals and voting on protocol updates, while earning rewards for supplying liquidity. In addition, Solar DApps rely on SXP as their main currency.
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