Details about SO-COL cryptocurrency
€547,311 ( -2.43139%)
€57,689
1,000,000,000
488,518,237
0
Unknown
https://socol.xyz/
@socol_io
2122400x
€2377.73
SO-COL price charts
SIMP exchanges
SO-COL, the crypto
SO-COL (SIMP) crypto is a new blockchain-based platform that aims to provide a more efficient and scalable solution for decentralized finance (DeFi). It uses a unique consensus mechanism known as SO-COL, which stands for "Synchronized Obtaining Consensus On Layer."
The point
The main point of SO-COL (SIMP) is to eliminate the scalability issues that are currently plaguing the DeFi industry. By using a novel layer-based consensus mechanism, it achieves high throughput and low latency while maintaining strong security features.
The problem
SO-COL (SIMP) tries to solve the high fees and slow transaction times that are common in many DeFi platforms today. It aims to provide a more efficient and cost-effective solution for users to participate in decentralized applications and transactions. Additionally, it aims to foster greater interoperability between different blockchain networks.
Compare SIMP and BTC performance
Timeframe | SIMP | BTC |
---|---|---|
1h change | -0.129894 % | -0.307353 % |
24h change | -1.63 % | -2.4614 % |
7 day change | -54.53 % | -5.65649 % |
14 day change | -44.39 % | -4.76858 % |
30 day change | -62.07 % | -9.92866 % |
200 day change | -30.56 % | 130.717 % |
Year change | -80.93 % | 120.634 % |