Solidus is a digital currency that was created in 2014 as an alternative to Bitcoin. It is based on the same blockchain technology, but it has several key differences that make it more efficient than Bitcoin.
Solidus uses a different consensus mechanism called “Proof of Stake” (POS) which allows users to earn rewards for verifying transactions and securing the network. This means transactions are faster and require less energy to process than with Bitcoin’s Proof of Work system. Solidus also improves scalability by allowing for larger blocks in its blockchain, meaning more transactions can be processed at once compared to Bitcoin’s smaller block size limit. Lastly, Solidus features improved privacy features including stealth addresses and ring signatures which allow users to remain anonymous when sending funds or making payments online.
Overall, Solidus offers many advantages over other cryptocurrencies such as greater speed, scalability and security while still providing decentralized control and low transaction fees. For these reasons, many people have started using it as their preferred cryptocurrency choice due to its versatility and user-friendly nature.
