The Solaris is a currency that is offered in the form of Solaris tokens, XLR. While the original currency is almost two years old, the older tokens were taken off the original form and to another fork, the XEVAN. The currency offers some of the best features of the blockchain, such as ASIC resistance, and unique algorithm. The Solaris is also known for some other distinctive features.
Currently, the currency offers fast transaction times and heightened privacy. Usually, cryptocurrency transactions could be delayed due to multiple confirmations needed. The Solaris features instant confirmations, so the transactions are speeded up. For people looking to buy or send payments online, this is one of beneficial aspects of Solaris. Another feature is the strong privacy. buyers are often concerned about purchasing things online, as their transactions are tracked. With Solaris, this is less of a concern, since instead of emails payments are sent to coded addresses. Users can be rewarded for turning their computers into masternodes, and for staking.
The ICO is expected in early 2018. After that, users can download the tokens to their wallet. The transaction platform will also become operational. This will allow users access to the full spectrum of Solaris benefits. They will be able to purchase goods and services online discreetly. They can send money to any recipient without involving third parties such as banks. This in turn will reduce transaction fees on the currency.
Users have two methods to earn rewards in form of Solaris tokens. The first is to become a masternode, where they will be offered tokens for more frequent activity. The conditions are 1000 tokens to be deposited and the use of CPU for more than 23 hours daily. The second way is to stake the tokens, which offers more tokens as interest. An interesting facet is the Seesaw Balance, where staking and masternode rewards will be distributed evenly among users.
The currency is initially expected to deploy proof of work mining. After a few weeks, the currency will offer proof of stake, once 200,000 blocks have been mined. The coin supply, unlike other currencies, is expected to be infinite. Wallets are compatible with Windows, Linux, and Raspberry Pi OS. Also, web wallets may be offered for use. This makes the Solaris the complete currency for users interested in the stellar features of blockchain security and low costs. Major exchanges including Coinexchange offer the currency for sale.
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