Serum Price, SRM Price Chart & Market Cap | DigitalCoinPrice

The serum is a decentralized ecosystem for finance. Serum’s primary goal is to provide the highest level of experience for DeFi and Dapps. It brings Speed, transparency, and reliability for the central exchanges to DeFi.

The serum is solving the traditional problem of a centralized system and also some DeFi issues. Serum is the only high-performance DEX worldwide, which gives the advantage of both centralized and DeFi ecosystems.

Who are the founders of Serum?

The Serum Foundation created the project Serum. They are experts in domains like cryptocurrencies, trading, and DeFi. They had developed Serum protocol, which is permissionless to provide the actual value of decentralization
 

What Gives Serum Values?

The serum uses its cross-chain swap protocol to reliably swap assets between different blockchains. It provides an automated limit order book and gives transparency to the investors/traders. The serum is working with two blockchain technology. It had integrated the ethereum blockchain with Solana blockchain technology to provide a faster, efficient, and interoperable experience to the ERC20 tokens. The fees paid in SRM are automatically burned every week, which reduces the supply of SRM, and the value of SRM increases.

How to buy Serum?

To buy any cryptocurrency, you need to open an account in the crypto exchange. Crypto exchange is a place where cryptocurrencies are trading every day. 

Serum is available on many exchanges like Binance, FTX, Huobi global, Bithumb, Kraken, gate.io, Poloniex, Uniswap, OKEx, AOFEX, Probit, Bitrue, etc.

Once your account is ready, you are eligible to trade any cryptocurrency available on your exchange. Deposit the fund and trade whatever you want to. From the withdrawal option, you can get your money back.
 

How does Serum is secured?

Serum is a permissionless DEX that is backed by the Solana blockchain. It uses on-chain central order books to verify delay function, to implement automated market maker, and smart contract for a pair of tokens in the pool. It also uses SHA 256 hash chain to verify the integrity of the function. It has well-centralized network services to compete against DeFi.
 

How many coins are there in circulation?

There are 133,231,781.00 SRM in circulation as of  November 2021. If you want to track your coin, you can check out the DigitalCoinPrice website, where you can build and track your portfolio, also; if you want to know more about other coins, you can get detailed information here.

How does the Serum work?

Serum is based on the Solana blockchain, which uses the proof of history(PoH). Some blockchain networks use PoH by doing all parallel nodes to validate for the next block. It is a very lengthy process. To solve this problem, serum uses Solana’s PoH, which replaces the node validation process with the cryptographically proving transaction is valid.

By using this method, there are blocks created on the Solana blockchain every 400 milliseconds. It can validate 50000 up to 65000 transactions per second.

Benefits of Serum

• On-chain central order books

• Cross-chain functionality
• Stack nodes
• Transaction speed
• Liquidity segmentation
• Built on Solana