What Is Solar (SXP): An Accessible, DPoS-Powered Blockchain

Swipe was used as a payment system around the world by individuals and entities. In fact, Binance was among the few platforms that relied on Swipe to process payments. After Binance acquired Swipe in July 2020, it launched the Solar blockchain. This energy-efficient blockchain is driven by its own community, and it may one day be as widely used as the Ethereum and Solana blockchain networks.

Key Takeaways:

• Swipe was rebranded to Solar after it was acquired by Binance in July 2020.
• Solar blockchain is focusing on Layer 1, an open-source blockchain with DAO governance to help developers launch new projects in a more scalable environment without exorbitant fees.
• Solar's native coin (SXP) is used within the ecosystem for transactions and holders of SXP can have voting power to select new delegates and the rights to pass new governance proposals.