Cryptocurrency and the broader technology landscape around it are constantly changing, with innovations and technologies that come on the market almost daily.
But while these innovations are great for the projects they are used for, not all innovations have the ability or potential to completely revolutionize cryptography or one of the many sectors that make it up.
Two tokens included innovations which are or are expected to have a major impact on the industry are Solana (SOL) and Xchange Monster (MXCH). This makes them two tokens worth keeping an eye on, due to their potential and opportunities to earn return on investment.
Xchange Monster (MXCH) rewires Crypto Gaming
The GameFi Xchange Monster (MXCH) crypto exchange and hosting platform was built with many innovative features designed to shake the crypto scene.
Designed by a team with over 40 years of experience in finance and technology, the platform Xchange Monster (MXCH) is expertly developed to take the crypto gaming experience to the next level. The platform will host multiple unified games under the original MXCH token, allowing players to explore more games and stay longer on the platform.
However, that’s not all there is to Xchange Monster (MXCH), as the platform also offers plenty of other tools to make the platform a one-stop-shop for gamers and crypto enthusiasts.
For example, their exchange system was designed with simplicity as its main function, designed to allow easy exchange of crypto and fiat currencies with just a few clicks. However, this exchange is not just a currency that this exchange is limited to, as through Monster Wallet and its ability to hold cryptocurrencies apart from tokens, items in the game and NFTs can also be quickly transferred to a viable currency.
For example, if a player receives a rare item in one of the platform games Xchange Monster (MXCH) having a token value, the item can be easily traded on the exchange for the token value, which in turn can be transferred from a token value to a fiat value. This means that when players want to make money, they can easily do so without their money getting stuck in the game’s crypto economy.
This ease of use is something rarely seen in other GameFi projects, where the process of transferring tokens and rewards in the game to fiat currency is often long and tedious – a simple way to keep users using earned tokens in e-money for the price. of a poorer user experience.
This ease of use combined with the wide range of games available on the platform Xchange Monster (MXCH), makes it a really good newcomer to the market. It is therefore a sign that you should not miss.
Solana (SOL) and Proof of Stake
Prior to the launch of Solana (SOL) in 2020, most blockchains used validation proof of work in their blockchain mining process. It was considered the norm and was favored because of its safety, but proof-of-work was also a long process in which the excessive production of energy used resulted in expensive gas taxes and a negative impact on the environment.
It is here what does Solana (SOL ), with its uniquely designed proof-of-stake system.
proof of effort uses much less energy than proof-of-work, resulting in a faster, cheaper and more environmentally friendly process. What Solana (SOL) even did, however, was proof that this system was as secure as proof-of-work, and that the system no longer needs to be the standard for new crypto projects.
Over the last few years, evidence of effort has exploded in popularity, with Solana (SOL) leading the movement. Currently, their transactions use just over 2,500 joules of energy compared to Bitcoin (BTC) of $ 7.4 billion, making this shift in the industry understandable.
If that’s not enough evidence of Solana’s (SOL)’s impact on the crypto industry, consider Ethereum (ETH), one of the largest and most successful blockchains on the market today. , is currently switching to system proof of effortin a move called The Merge.
Therefore, for the curious, Solana (SOL) is definitely worth exploring, with the industry’s tendency for proof-of-stake putting Solana (SOL) in a good position for continued success.