Decentralised Finance (DeFi) is one of the revolutionary concepts that has captivated the entire financial landscape across different continents worldwide.
In this article, the discourse will look at how the concept of decentralisation holds promises of better connectivity through three cryptocurrencies.
Interestingly, decentralised finance aims to abolish the drawbacks of a centralised system which is still in existence today. However, the existence of decentralised finance has taken the power which was handed over to intermediaries by the centralised systems and handed that same power to the people, that is, you who are reading this piece.
You can achieve faster transactions, safer and more secure financial operations with decentralisation since there is no intermediary, just you and the other parties transacting business. This is, therefore, the future that many people had once believed could never become reality.
Although the centralised system is still in operation today, there is no denying that decentralised finance (DeFi) is gradually taking over everything from business to all levels of financial operations.
As a supplement, the perks of adopting decentralised finance are not only centred on removing intermediaries, but now the power of connectivity across the multiverse is also possible. The three cryptocurrencies listed below have been able to top opposition and have managed to shine in the decentralised financial markets.
One of the reasons why the Theta network is peculiar and ranks among the current top 50 cryptocurrencies on coinmarketcap.com is that this decentralised blockchain network allows crypto enthusiasts, including developers, to build applications on their platform.
This decentralised platform is set to change the entertainment industry and what video content looks like.
The Theta network is based on the P2P protocol that allows for content distribution and is also powered by the Proof of Stake consensus mechanism. The latter means that participants will store up large amounts of THETA for the right to process transactions. The THETA coins will be given as a reward to those users who actively participate in content distribution on the platform. Furthermore, the Theta network has two native coins called THETA and TFUEL, and these are shared based on the category each participant is in on the Theta network.
Just as the name suggests, this decentralised network connects crypto and non-crypto participants to off-chain related markets like sports and stocks.
Chainlink is known as the “blockchain abstraction layer” typically because of the way participants can access markets on and off the blockchain.
The Chainlink protocol uses smart contacts, except many have regarded its form as a hybrid because of its interaction inside and outside the blockchain. The network is based on proof-of-work (PoW) consensus protocol and is also open source which means anyone anywhere can view the codes of the project and make contributions. LINK, which is the native coin of the Chainlink decentralised network, is the currency through which participants can access different on and off-blockchain networks and also access cryptocurrency and stock markets.
Introducing the freshest face out of the three cryptocurrencies: Mushe (XMU).
Mushe is a decentralised network that promotes peer-to-peer interaction and rewards, as well as secure transactions.
The goal of the Musheverse is to create an environment or a socially acceptable cryptocurrency community where people can access different realms of the metaverse with its native coin, XMU.
Mushe is powered by the Ethereum blockchain. It also offers participants an easy path to exploring P2E gaming, NFTs, and other digital assets.
The Power of Connectivity
All three of these cryptocurrencies have an incredible amount of connecting power. Theta connects people to supply entertainment content; LINK connects others to off-blockchain markets like stock, and Mushe plugs people to P2E gaming, NFTs, etc.
Through these three cryptocurrencies, our world has never been so connected as it is currently, and surely there will still be more. For XMU, which is relatively new to some people, the pre-sale ends on July 3rd, 2022 when the token finally launches fully on the live markets.
Join Mushe’s Presale: