The cryptocurrency market is renowned for its versatility. There are tens of thousands of projects available for users to choose from. Each of these tokens offers something different to the market. While some promise faster transactions, others aim to reduce the cost of processing transactions through blockchain technology.
Mushe (XMU), IOTA (MIOTA) and Fantom (FTM) are innovative crypto projects for everyone to look out for. While they cannot yet be compared to the big names in the industry like Bitcoin and Ethereum, they are on the path of growth and development, thus offering a promising investment opportunity for crypto enthusiasts.
What does IOTA (MIOTA) bring to the crypto market?
IOTA (MIOTA) is a unique ledger system that is used to record and execute transactions that occur between machines and multiple devices in the Internet Of Things (IoT) ecosystem. Within this ecosystem, users can exchange data and payment information with multiple devices seamlessly. The IOTA runs on an innovative cryptocurrency known as MIOTA. This digital asset is used to account for transactions in this ledger.
One of the most interesting things to note about IOTA is its Tangle node. This system of nodes is useful in confirming transactions on the network. According to reports by IOTA, Tangle is faster than regular blockchains of the top cryptocurrencies.
To further grow its network, the IOTA foundation has signed agreements with notable companies, such as Bosch and Volkswagen. By doing this, they have been able to offer more utility and extend their usage to more devices.
What are Fantom’s (FTM) advantages?
Fantom (FTM) is the next big cryptocurrency project that aims to replace Ethereum by offering faster speed and cheaper transactions. Fantom is able to process transactions quickly by using a Directed Acyclic Graph (DAG). It also runs on a unique Lachesis mechanism that’s quite similar to what you get on a proof-of-stake (PoS) consensus. The only difference is that this lets the network keep operating even if there is a hitch in the system’s transaction data.
Fantom is a cryptocurrency platform that can automate and process transactions independently without having to create a queue of transactions. This means it will process each transaction instantly without considering how others are being handled by the system. Fantom is also compatible with the Ethereum Virtual Machine. Therefore, you can send several decentralised applications from the Ethereum network to Fantom. FTM is the native token that powers the entire Fantom network.
What will Mushe (XMU) offer to its community?
One of the most important things to consider before investing in a crypto token is the utility that it offers. Cryptocurrencies like Mushe (XMU) are usually focused on tackling certain challenges in the crypto space.
The development team in charge of the XMU token has identified numerous deficiencies in the modern-day crypto market. As a result, they have come up with the Mushe ecosystem. This ecosystem, also known as MusheVerse, contains Mushe Chat, Mushe Wallet, Mushe NFT marketplaces, and MetaVerse banking.
The XMU tokens play a major role in the running of the ecosystem. They further intend to push for global scale crypto adoption by ensuring everyone has access to these digital assets.
XMU is useful for providing liquidity for further transactions in the MusheVerse. XMU is also applied in rewarding users and serves a purpose of a governance token, which enables holders to vote on important issues.
When Mushe (XMU) was designed, it was anchored to the Ethereum blockchain. But due to the congestion and expensive nature of the Ethereum network, the development team currently has plans to move to Stellar’s network. This way, they will be able to process more transactions within a shorter period of time.
To learn more about Mushe (XMU), use the links below.
Keywords: Cryptocurrency, Mus