Crypto is embodied by peer-to-peer (P2P) networks. The decentralized ethos of crypto is a peer-to-peer network resistant to interference. This foundation has gone on to power the crypto ecosystem and spurs various projects that aim to redefine what peer-to-peer means. From the onset of the music sharing website, Napster to the creation of Bitcoin (BTC) peer-to-peer networks have driven real change. Investors are constantly looking for the next big project but that can be quite difficult to do considering the number of projects that are launched in crypto.
The top peer-to-peer crypto projects you should be watching are Holo (HOT), NEM (XEM), and Mushe Token (XMU). These crypto projects are using peer-to-peer ideals to create new solutions to problems using crypto. With these solutions, it is apparent that these projects are on the right path to success. Here is a summary of these projects.
The dApps Token – Holo (HOT)
Holo (HOT) is a decentralized network that hosts dApps on its Holochain. Holochain allows developers to build decentralized apps without having to use blockchain technology. This serves to blur the line between regular tech and crypto, therefore, making it more accessible. This way, more non-crypto natives would be able to get their foot in the door as the barrier to entry has been effectively lowered. Holo network participants will host these dApps using computing power contributed from their nodes. In addition, the Holo network will create a marketplace where decentralized apps hosted on the chain can be easily accessed by users.
HOT is the native token of the Holo network and is used for a variety of activities on the chain giving it utility. Furthermore, users of Holochain would be able to access or download any apps seamlessly and as easily as possible. The Holo (HOT) network is a well-deployed peer-to-peer blockchain targeted at the mass market hoping to be the bridge that brings more users into crypto. It is a project investors should keep an eye on as it has great potential.
The Smart Asset Blockchain – Nem (XEM)
NEM (XEM) was launched in 2015 to improve on the inefficiencies of blockchains using a special peer-to-peer method. The project features user-defined tokens and is the first non-turing complete chain to do so. NEM also featured multisig accounts, namespaces, and a special EigenTrust++ reputation system to boost the peer-to-peer mechanism. Its proof of importance consensus mechanism is a direct contrast to what is seen as the problems with Ethereum’s proof-of-stake (PoS). With its global community and users, it is easy to see that NEM is a healthy peer-to-peer crypto project.
XEM is the native token of the platform and it allows users to build on its blockchain. With real-world logistics and business use cases, NEM is bound to create a new paradigm in peer-to-peer transactions via crypto. This is why investors need to pay attention to this blockchain.
The Upcoming P2P Blockchain – Mushe Token (XMU)
Mushe Token (XMU) is a multi-chain peer-to-peer network utilized for numerous purposes. Its P2P network powers its metaverse, DeFi, and NFT integrations. The platform will allow its users to stake their XMU tokens in exchange for rewards. Furthermore, the Mushe Wallet will allow users to interact with multiple blockchains so they can get liquidity faster. The XMU token would also be used to facilitate protocol governance allowing users to vote on decisions.
These are just some of the ways the Mushe ecosystem is leveraging peer-to-peer technology to create wonderful solutions for its users. Through the DAO, they have placed the future of the project in the hands of their users. Become a part of this crypto project early by entering their presale.
More information on Mushe Token (XMU):
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Source: https://thecryptobasic.com/2022/06/09/peer-to-peer-crypto-projects-to-watch-in-2022-holo-hot-nem-xem-and-mushe-token-xmu/?utm_source=rss&utm_medium=rss&utm_campaign=peer-to-peer-crypto-projects-to-watch-in-2022-holo-hot-nem-xem-and-mushe-token-xmu