Songbird
Current price
$0.0008686
−1.64%24h
LiveUpdated 24s ago
TodaySongbird slips 1.6%, outpacing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+4.73%
- 24 hours−1.64%
- 7 days−3.84%
- 30 days−31.03%
- 1 year−77.71%
Songbird's move in context
Beating the market today
−1.64% today against −3.27% for the market as a whole, a gap of 1.6 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−3.8% over 7 days and −31.0% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Songbird
Overview
Songbird is a decentralized blockchain network that acts as a testing ground for innovations and upgrades intended for the Flare network. Serving as a canary network, its core mission is to provide a platform where developers can experiment with new features in a low-stakes environment before they are implemented on Flare. This unique role enables the identification and resolution of potential issues, creating a more robust and secure final product. Distinguishing itself from many other cryptocurrencies, Songbird focuses on the integration of various decentralized finance (DeFi) applications and enabling seamless interoperability between different blockchain ecosystems. It employs advanced features designed to foster enhanced security, scalability, and developer flexibility.
Technical Features
Songbird utilizes a consensus mechanism known as the Federated Byzantine Agreement (FBA), which allows for rapid transaction confirmations while maintaining high levels of security. This model helps to avoid the high energy consumption often associated with Proof of Work (PoW) systems. The network architecture is uniquely designed to be flexible and scalable, allowing developers to build and deploy applications efficiently. Additionally, Songbird uses an innovative layer-1 smart contract platform, enabling users to create complex decentralized applications (dApps) with ease. The incorporation of the Flare Time Series Oracle (FTSO) provides real-time data feeds to enhance the functionality of DeFi applications, ensuring they operate with accurate and reliable information.
Use Cases
Songbird's primary use cases range from decentralized finance (DeFi) applications to non-fungible tokens (NFTs) and cross-border payments. The platform allows developers to create dApps that can leverage smart contracts for automated transactions, lending, and liquidity provision. It plays a pivotal role in reducing barriers for developers and making it simpler to deploy projects without extensive prior blockchain expertise. Additionally, Songbird's architecture promotes creative applications of NFTs, which can be used for digital collectibles, art, and gaming. Its cross-border payment capabilities further facilitate seamless transactions among users worldwide, leveraging its interoperability to enhance the global scope of digital finance.
Development Background
Songbird was launched by the Flare team, a group of experienced professionals in the cryptocurrency and blockchain fields. The development was largely motivated by the need for a safe environment to test features before transitioning them to Flare, which gained momentum following a successful initial coin offering (ICO) and subsequent launches. Since its inception, Songbird has released several updates focused on enhancing its performance and usability, maintaining an active development cycle that incorporates community feedback and innovation where necessary.
Community and Ecosystem
The Songbird ecosystem is supported by a vibrant community of developers, enthusiasts, and investors who collaborate to build a robust platform. The project's partnerships with various DeFi protocols and blockchain organizations bolster its utility and adoption. In addition, Songbird has attracted numerous dApps and projects that enhance its ecosystem, showcasing the potential of decentralized finance and fostering a culture of innovation and experimentation.
Future Potential
With its unique infrastructure and design, Songbird has significant potential to impact the cryptocurrency landscape. Its emphasis on testing and experimentation prepares it for rapid adaptation to market needs and user demands, promising continued innovation. Upcoming features and developments highlighted in its roadmap suggest improvements in transaction throughput, enhanced interoperability, and further expansion of its DeFi capabilities. As the blockchain industry progresses, Songbird is well-positioned to remain at the forefront of technological advancements, making it an exciting cryptocurrency to watch.
Songbird market
- Position by market cap among the coins we track.
- #346
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $13.76M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.0008272High $0.0008861
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.7133
- Now 0% of itReached 30 Sept 2021 · Needs +82,025% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 15.85B SGB
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 17.9B SGB
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Songbird converter
1 Songbird = $0.0008686
