Altcoins To Improve The Crypto Industry: Xchange Monster (MXCH), Polkadot (DOT), and Polygon (MATIC). This is a sponsored advertising post. Nothing in this content should be construed as advice, it is meant for informational purposes only.
The crypto industry is continuously growing with the increasing adoption of cryptocurrencies all around the world. This is hugely due to new projects that aim to be accessible and inclusive to all.
Despite the recent crypto crash, many newcomer projects intend to bring improved solutions to the industry, helping to attract a more diverse range of crypto enthusiasts.
Xchange Monster (MXCH) is an up-and-coming GameFi project with the goal to revolutionise the crypto gaming sector. It is expected to establish itself and become one of the most popular altcoins like Polkadot (DOT) and Polygon (MATIC).
Why Is Polkadot (DOT) A Superior Altcoin?
Polkadot’s (DOT) aim is to inspire crypto communities by utilizing the decentralized web.
Polkadot’s native DOT coin performs three critical functions in the ecosystem:
- Staking for operational and security purposes,
- Aiding network governance,
- Token bonding to connect parachains.
Polkadot is a sharded open-source network that processes several transactions simultaneously on parallel chains called parachains. These parachains communicate with one another via Polkadot’s central relay chain. Parallel processing allows for more adaptability, flexibility, and expansion.
How Does Polygon (MATIC) Stay Competitive?
Polygon (MATIC) is an Ethereum-based Layer-2 scaling solution with improved interoperability and scalability. Polygon has successfully hosted thousands of decentralised applications (dApps), processed billions of transactions, and safeguarded billions of dollars.
Polygon is dedicated to making Web 3.0 available to everyone. It provides a user-friendly interface to encourage decentralised innovation while maintaining security and performance.
Last week, Polygon released a system that allows for more private voting in Decentralised Autonomous Organisations (DAOs). On Wednesday night, Polygon ID, a mechanism that confirms a user’s identity while maintaining anonymity, became live on Polygon DAO.
How Will Xchange Monster (MXCH) Bridge The Gap Between Crypto And Gaming?
Blockchain technology is fundamentally altering the gaming business, bringing in a completely new gaming economy. Play-to-earn (P2E) games (blockchain-based games), also known as GameFi (Gaming and Finance) apps, are becoming increasingly popular among online gamers.
The Xchange Monster (MXCH) project is largely motivated by the desire to create a one-of-a-kind crypto gaming platform that offers multiple alternatives to the gaming community. It will function as a one-stop crypto platform to serve all the needs of crypto gamers. Cryptocurrency storage is also supported on the platform.
Other capabilities include using Xchange Monster as an exchange platform, a decentralised payment gateway, and so forth. The all-encompassing platform brings an improved gaming experience for all!
All Xchange Monster goods and services are completely supervised and overseen by one of Switzerland’s most reputable and renowned authorities. As a result, the gaming community’s in-game assets are safe and secure. In this way, Xchange Monster also helps to reduce the potential of cyber attacks, fraud, or other hazards that might lead to the loss of in-game assets.
The team behind the Xchange Monster (MXCH) project commits to solving the longstanding industry problems and aims to provide exceptional GameFi sector solutions. Having a secure and trusted platform is likely to support the growth and development of the crypto gaming market.
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Read: 3 GO-TO COINS AFTER THE CRYPTO CRASH 2022: ROBOAPE (RBA), AMP (AMP), AND XDC NETWORK (XDC)