We are living in a cryptocurrency
age where more users than ever before are getting involved and more and
more cryptocurrency tokens are arriving on the scene. Therefore, having a
connection between all of these projects is key, allowing for expansion,
growth, and a smoother user experience.
Two tokens pioneering this
interoperability are Polkadot (DOT)
and Xchange Monster (MXCH), both taking on the
challenge of creating an interconnected system for various purposes pertinent
to the goals of the projects.
Polkadot is a meta protocol that blockchains can build
themselves upon, providing a foundation which connects platforms created on it
and to those choosing to later integrate the system.
One of the primary ways that Polkadot intends to spread its
interoperability is through its open-source coding, which can be easily
integrated. This ease makes the metaprotocol particularly appealing, as the
many benefits of interoperability
can be easily built into any project.
Furthermore, this interoperability
does not just stop at tokens. Any crypto data or asset can be transferred using
the Polkadot (DOT) meta protocol,
meaning things such as NFTs can be
easily traded across a huge range of blockchains across the space.
This flexibility in what can be transferred and where it can be
transferred is not the only benefit of Polkadot (DOT) – an interconnected
system means an interconnected validation system, with a common set of
validators able to provide security to multiple blockchains via this
connection. This allows for massive scalability, whilst also allowing
transactions to be done with more speed and efficiency through this multi-chain
With all this in mind, it is no surprise that Polkadot (DOT) is one of the
industry’s top-performing cryptocurrencies, and is likely to stay that way. As
such, it is certainly worth researching.
As a crypto gaming exchange platform, Xchange Monster (MXCH) and their
multi-chain Monster Wallet have been designed with interoperability in mind,
with the sole purpose of streamlining the user experience and giving complete
financial control back to their users.
On Xchange Monster,
users can play a host of crypto games which have been published to the
platform, using the platform’s native MXCH
token or those created by the games to interact with them. These tokens can
also be used for other aspects, including interacting with the NFT marketplace.
The Monster Wallet,
therefore, has been designed to hold all tokens used across the games on the
Xchange Monster (MXCH) platform, as well as fiat currency, and other tokens
from the broader crypto market. This is highly convenient for users, as it
allows all of their assets to be combined in a single place, rather than them
being separated based on the blockchains the tokens are built on.
To have such an easy conversion between fiat and cryptocurrency, and to have multiple
tokens in a single spot, eases the use of the platform for users, letting them
know at all times the current state of their finances. As such, they can spend
longer interacting with the games on Xchange
Monster (MXCH) as well as the additional platform features.
Furthermore, additional assets such as NFTs and game rewards are also stored in the wallet, and also can
be easily converted and traded just like the tokens and fiat currency in users’
wallets. Want to convert that sword you won in-game into fiat currency? Xchange
Monster (MXCH) estimates it can be done in just three clicks.
Therefore, for an interoperable system set to put gamers on the
next level, check out Xchange Monster (MXCH) and the Monster Wallet.
This news is republished from another source. You can check the original article here