Mushe Token (XMU) is a cryptocurrency still early in its development, the project is currently in its presale phase. The network’s ecosystem boasts a range of great features and the token’s value has already seen an increase from its initial price. It has all the makings of a successful project but does it have what it takes to compete with crypto giants like Ethereum (ETH) and Litecoin (LTC)? Let’s discuss.
Created in 2015, Ethereum (ETH) is a blockchain network with smart contract functionality. The protocol has grown and developed to become the second-largest cryptocurrency in the world. The project is also due an update that has been projected to catapult the network scalability, addressing issues that have had a negative impact on the general perception of the project.
Ethereum (ETH) currently works on a proof-of-work (PoW) consensus mechanism, This has been said to cause high power consumption, with expensive gas fees. Also, with the number of cryptocurrencies on the blockchain, the transactions per second are low. However, developers are working on transitioning it to a proof-of-stake (PoS) consensus mechanism which they expect to cut down the blockchain’s power consumption by approximately 99%. It has also been projected to perform roughly 150,000 transactions per second (TPS), This will be a huge improvement from the current functionality.. With this impending update, Ethereum (ETH) is quickly becoming one of the more lucrative investments in the crypto space.
Litecoin (LTC) is a project that was created based on the Bitcoin (BTC) network in 2011. It is a peer-to-peer crypto that aids the transfer of financial assets without the need for centralised institutions. Although the crypto was designed in the image of Bitcoin (BTC) it is described as the more ideal option in regards to transaction fees and block time. Its block time is 2 minutes, and 5 seconds and its transaction fee is about $0.04 on average.
Litecoin (LTC) has been in existence for over a decade and still maintains its position as one of the top 20 cryptocurrencies sitting pretty at 19th on CoinMarketCap with a market cap of over $4 billion. For this reason, experts consider it to have great investment potential.
XMU is a decentralised token that promotes peer-to-peer interaction, rewards, and governance. It plays a major role in the Mushe Token ecosystem by providing liquidity to the exchange and a user-friendly experience. Their goal is to increase the adoption of blockchain technology by allowing everyone to have access to digital assets. And they are dedicated to creating a social impact by teaching the public about digital currencies and financial management.
Mushe Token (XMU) is currently being developed on the Ethereum (ETH) blockchain, but has plans to migrate to Stellar (XLM) and Solana (SOL) blockchain networks in order to improve scalability, increase speed and reduce transaction costs.
The project offers many features that can be used in real-life situations. An example is metaverse banking which allows users to buy, sell and trade metaverse products and services. As well as this, The Mushe Chat is a social platform where users can share messages with family and friends without having to worry about third-party interference. Lastly, there is the Mushe Wallet where users can buy, hold, and exchange cryptos and NFTs, furthering the adoption of decentralised finance (DeFi).
For a crypto project or blockchain network to be adopted, The features must be able to solve certain issues they have or make other aspects of the usability easier. Low transaction fees, smart contracts, and decentralised finance are what make the crypto industry attractive to investors today. And it seems as though the team behind Mushe Token (XMU) understands this concept based on its current offerings.
The project is in its presale phase selling at $0.0490 which is an increase from its initial price of $0.005 and is already rewarding early investors. It may be early to know exactly how far this crypto will go, but the potential should bring forth great optimism.
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Keywords: Mushe Token, XMU, Ethereum, ETH, Litecoin, LTC, Crypto, Blockchain