The Solar (SXP) altcoin recently shared important updates regarding its development process. Updates include the closure of the SXP Swap Portal, allocation of remaining funds, the release of a new whitepaper, and improvements to the upcoming Solar Core 5.0 release.
Here are the innovations according to the official announcement:
- The community's support and participation in the swap process was appreciated and appreciated. With the removal of previous restrictions, the Swap Wallet is now 5,000,000. It has become fully available on the Solar Network mainnet starting from the block.
- Significant transactions have already taken place, including the return of funds from the Treasury Contract and initial project financing. The remaining funds were transferred to the Solar Blockchain Foundation cold wallet.
- Cryptocurrency funds in the Solar Blockchain Foundation cold wallet will be strategically distributed over a period of at least 5 years.
- These resources will be used for development of Solar products, marketing initiatives, operational expenses and grants for new projects seeking funding on Solar Blockchain.
- Solar also released an updated whitepaper outlining its 2023 goals. The whitepaper will be revised regularly to reflect the evolving needs of the Solar ecosystem, emphasizing transparency, innovation and community collaboration.
- The upcoming Solar Core 5.0 release has been the focus of development efforts. This release includes the Solar Virtual Machine (SVM) application specially designed for Solar Core. SVM aims to provide seamless compatibility with tokens, NFTs, smart contracts and MetaMask while reducing dependency on external projects. Progress has been made in several areas, such as deploying and invoking smart contracts, contract accounts, and perpetuating contract data.
- Solar Core 5.0 also offers username registration, improved terminology, and the inclusion of authorized keys.
- Solar is also preparing to launch the Solar Card program in collaboration with Dokdo. The program will be implemented gradually, starting in Europe and gradually spreading to other regions.
*Not investment advice.