In 2008, a financial crisis rocked the foundations of existing economic systems. The issues facing the influence of the traditional basis of banks and financial organisations became more glaring.
Decentralised Finance (DeFi) was created to reduce the influence of the old and slow financial systems. DeFi is an open, decentralised and reliable financial system that operates on the principle of blockchain technology and permissionless systems.
Decentralised finance has been in operation since 2013 and has since become famous, so much so that its value goes from $601 million in 2020 to $239 billion in April 2022.
MOUNTANAZ (MNAZ) IS TAKING OVER DEFI
Mountanaz (MNAZ) is a scalable crypto protocol that provides DeFi solutions. Mountanaz operates on the Binance Smart Chain (BSC) because BSC offers a solution to Ethereum’s (ETH) problems with scalability. The BSC blockchain can be utilised alongside the ETH ecosystem, so their coding languages are interoperable. This allows the existence of familiarity between the projects, ensuring that information can be dispersed efficiently.
Mountanaz uses a sharding protocol inspired by Ethereum’s (ETH) new 2.0 upgrade, differentiating it from other initiatives. Simply put, sharding breaks down the job of a blockchain. Sharding is a process that modifies the blockchain such that each block retains only a part of the transactions.
STEPN (GMT) STEPPING IN THE GAMEFI SECTOR
Stepn (GMT) is a new entrant into the GameFi sector, and it has gained popularity since its introduction.
The initiative behind Stepn is a move-to-earn initiative based on the Solana network. In the first quarter of 2022, Stepn (GMT) generated about $26 million. Moving to earn is similar to playing to make. The difference is that users are compensated through cryptocurrencies based on the number of steps taken.
While P2E games foster the adoption of online gaming, Stepn is a pioneer in a new sector of GameFi that encourages users to be healthy through physical activity. Users that purchase NFTs in the game will win crypto rewards for every step they take.
The Stepn (GMT) is still expanding in strength, and the STEPN 5K, which will occur alongside Solana’s (SOL) AthensDAO convention, is an event that might impact the Stepn ecosystem positively.
ALGORAND (ALGO) ONE TO WATCH
Algorand was designed to be a secure and efficient method of taking care of digital transactions. Its founding principle is based on its ability to use a specific algorithm to allow faster transactions safer than traditional cryptocurrencies.
Algorand isn’t the oldest cryptocurrency in existence, but it provides a unique approach to digital transactions and has caught the attention of both investors and users. Algorand has lived up to its promises and is one of the important names in cryptocurrency.
CONCLUSION
Mountanaz will have immense support and acceptance when fully launched in Q2. It has unique qualities that speak to its value. Project developers had scalability in mind when creating this crypto before introducing it to the crypto space. By all indications, Mountanaz could be crypto’s subsequent success.
Mountanaz has opened its presale, and being a part of this token early could secure millions of interest for investors.
Keywords; Mountanaz, MNAZ, Stepn, GMT, Algorand, ALGO, decentralised finance, transaction
Mountanaz (MNAZ);
https://purchase.mountanaz.io/register
