We are glad to inform you that StealthEX crypto exchange will be integrated into Solar wallet. The post Solar Wallet to Integrate StealthEX Instant Cryptocurrency Exchange first appeared on StealthEX.

Solar Wallet to Integrate StealthEX Instant Cryptocurrency Exchange

StealthEX is happy to announce a partnership with Solar. The upcoming integrations includes close collaboration with Solar Blockchain Foundation, a fully decentralized blockchain and open-source network designed from core blockchain components featuring Delegated Proof of Stake consensus. We are glad to inform you that StealthEX will be integrated into Solar’s wallet.

The Solar wallet will help crypto enthusiasts connect with the SXP Blockchain. In addition to payments and vote transactions, the wallets will be further enhanced with a vast number of tools and features to interact with the blockchain and the Solar community. 

The wallets are available in three versions: desktop, mobile, and browser. The desktop version can be downloaded for Windows, MacOS, and Ubuntu. Solar Mobile Wallet is currently only available for Android as part of the Open Testing program, while the Solar Browser Wallet called Armor was accepted by the Chrome Web Store. It’s currently undergoing an internal audit and will be released to the public in Q3. It will enable users to interact with the DeFi Solar features. 

Solar Blockchain Foundation: About

The Solar Blockchain Foundation is a non-profit organization established in Estonia that aims to develop a blockchain ecosystem, including open-source components and a wider community involvement.

Solar is powered by Solar Core. Solar Core improved on the security of the Blockchain Framework by fully utilizing Schnorr for signatures. Due to persistent signing malleability vectors, Solar Core is dropping ECDSA support entirely

Solar is essentially a safe and secure Layer-1 Blockchain Framework. As mentioned, it utilizes the Delegated Proof of Stake consensus, also known as DPoS. The blockchain with its own native coin named SXP is fast, modular, sustainable, efficient, and fully decentralized without the known issues and vulnerabilities from traditional Proof-of-Work (PoW) blockchains. The Delegated Proof-of-Stake consensus with 53 delegates, also known as node operators or validators, is responsible for securing and maintaining the network with high-end servers. 

The project is actively maintained on Github, and this lets anyone create a PR or open an issue on the website’s repositories to discuss any potential suggestions for the Solar code and its development. The company does its best to ensure that the framework stays safe to use for its users and for anyone participating in the Solar DAO.

Side Ledger Protocol

The Side Ledger Protocol, also known as SLP, is a feature that enables users to create fungible and non-fungible tokens on the SXP Blockchain. The goal of deploying SLP on the SXP blockchain is to allow anyone to create either simple utility tokens or creating assets with specialized mechanics for advanced utility in the enterprise sector or any other industry where blockchain is needed. Creating fungible tokens or NFT’s can be done by using Solar wallets. SLP is currently in development. Keep checking Solars channels for updates on this project. 

SXP Coin, Voting, and Staking

The SXP token that currently exists on ERC20 and BEP20 (wrapped BEP2) will be migrated to the SXP mainnet. The complete swap details for users will be announced after successful integration and testing phase with the exchanges that currently support SXP. 

Block rewards are inflationary coins, meaning the total SXP supply is increased by 530 SXP per round. This serves as a form of consistent inflation that reduces over time due to the non-fluctuating rate of rewards. However, the amount of block rewards can be changed in the future by modifying the milestones of the Solar Core. Modifying the future block rewards or to introduce halving requires the approval from delegates and voters. Block rewards and transaction fees are awarded to the active delegate responsible for reporting a given block and securing the network. Modifying the block rewards can be introduced by a proposal provided by the community using the governance module that will be enabled in Q3 of 2022. 

SXP coin holders can vote for delegates within the Solar Desktop wallet. The SXP stays in the voters wallet and is not transferred to the delegate. It is the vote weight that counts. Voters funds are not locked up for any amount of time and they are free to vote and unvote at will. Voters can choose which delegates they would like to vote for by reading the delegates’ proposals on the Solar Delegates website. Depending on the delegates’ proposal voters can earn staking rewards which are automatically transferred to their wallet. Delegates are expected to contribute to Solar to help its development by contributing with marketing efforts, tech support, content creation, or security. 

StealthEX to Welcome Solar

The project is looking forward to new developments, including mainnet launch, Metaverse and NTF Marketplace deployment, and much more. We believe in a fruitful cooperation with the SXP Blockchain. We also hope to provide more tailored services to our users together with this innovative decentralized platform that offers us to be fully integrated into their wallet.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.

Tags: crypto world Solar Network StealthEX news SXP wallet
The post Solar Wallet to Integrate StealthEX Instant Cryptocurrency Exchange first appeared on StealthEX.