As we know, trends come and go, but some things enter the universe and have a lasting impact. Cryptocurrency has that long-term effect, and it has been widely considered to support the growth process in developing countries and has become the new hot buzzword globally. The economic impact of cryptocurrency is overt.
Every day, new cryptocurrencies are released with exciting features and the potential to reward their investors. With good projects coming in every day, is a new cryptocurrency still in its presale stage. However, it has some robust utilities that can accumulate massive returns in the future. Mushe (XMU) and Filecoin (FIL) are two cryptocurrencies that can give you good returns if you want long-term profits in the crypto market.
Mushe (XMU), built on the ERC-20 network, is a native decentralized token that will be able to facilitate peer-to-peer interaction, governance, and rewards. This platform is specially designed for individuals and businesses seeking creators with a source of entertainment or artistic medium.
It is mainly focused on the payment landscape, which aims to develop an ecosystem that would be able to combine cryptocurrency and fiat transactions to revolutionize the current status where spheres remain separated. This platform will enable users to conduct ultra-fast transactions cheaply and securely.
Mushe (XMU) allows holders to access personalized services such as personal finances, investment planning, online banking, and more. It is currently built on the Ethereum blockchain with plans to migrate over Stellar’s open network, a proven blockchain for financial inclusion for the underbanked population.
This platform comes with a significant aim to help blockchain technology become widely accepted by those new to crypto. In addition, Mushe (XMU) is motivated to create a social impact by educating the masses on financial management and digital currencies. It will be able to provide an accessible solution for seamlessly managing crypto and national currency wallets. In addition, this platform will provide end-to-end encryption and give holders full access to their data.
Where Is FileCoin (FIL) at?
Filecoin (FIL) is a P2P network used for decentralized cloud storage based on blockchain technology. The technology is known for digital payment systems through cryptocurrency, and it aims to be one of the first cryptocurrencies to introduce the concept of a decentralized storage network.
The blockchain aims to become a free peer-to-peer data storage marketplace, allowing users to enter into smart contracts to gain or give others access to data. The team plans to design the infrastructure to improve its approachability. Moreover, it has built a retrieval and peer-to-peer protocol named Interplanetary File System (IPFS). The platform allows users to freely share storage space and data using the IPFS network.
Users pay for storage, distribution, and retrieval of data, and the ecosystem allows miners to compete to offer the lowest storage price. Moreover, Filecoin (FIL) allows two new proofs that work together to ensure network validation, and the system works in the background efficiently.
Proof-of-Spacetime:- PoS mechanism verifies that a miner stored the data from the agreed period.
Proof-of-Replication:- PoR mechanism verifies that the miner will store the number of copies of data it claims to hold.
Mushe’s (XMU) presale value has risen tremendously and is expected to rise even more before its launch. The potential of Mushe (XMU) seems evident, and holding an RBA token will get much more profit in the long term. XMU has the potential to propel the blockchain by increasing the accessibility of digital assets to everyone.
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