In 2022 this is no exception, with multiple platforms having big plans set to debut in the coming months. Two examples of this are Ethereum (ETH) and Xchange Monster (MXCH), with their advancements this year set to revolutionise their platforms and provide a great investment opportunity.
Ethereum (ETH) And The Merge
One of the biggest complaints held against Ethereum (ETH)when compared to its peers is its struggle to scale, with slow and expensive transaction fees being seen as proof of the platform beginning to buckle under the weight of its success. This, combined with the negative environmental impact of these transactions, has left Ethereum (ETH) in a challenging place in todays crypto market.
This is where Ethererum 2, otherwise known as The Merge, will come into play.
The Merge will see the current Ethereum (ETH) mainnet system merge with The Beacon chain, a proof-of-stake validating system which will allow the Ethereum (ETH) network to switch fully to this system, rather than continuing to use the current proof-of-work system.
The proof-of-stake system has a multitude of benefits and is growing to become the primary validation system used across the blockchain networks. In essence, proof-of-stake reduces the number of machines used in validating by only including systems with a stake in the token for the validating process, reducing wasted energy and resulting in faster transactions.
To understand the difference in energy output, compare the proof-of-stake system Solana (SOL) has. with 2,707 joules of energy used per transaction, to the current Ethereum (ETH) proof-of-work system, with 777,600,000 joules used per transaction.
While the energy output of each Ethereum (ETH) transaction after The Merge is impossible to tell, the most likely outcome is that this energy usage will be reduced, simultaneously resulting in faster and cheaper transaction costs.
The Merge will also increase Ethereums (ETH) scalability, as the additional blockchain power will help the project to more evenly hold and distribute traffic on the network. With this update, the current gripes with Ethereum (ETH) will be a thing of the past, meaning that the value of Ethereum (ETH) is likely to soar.
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Xchange Monster (MXCH) Set To Shake the 2022 Crypto Game Scene
With its marketing campaign in full swing, Xchange Monster (MXCH) is shaping up to be a major contender in the crypto gaming scene, with the potential to become an industry titan in 2022.
Xchange Monster (MXCH) is already live and functional, however, despite being relatively new to the crypto space has many exciting plans lined up in its 2022 roadmap.
One of these advancements, set to drop in the fourth quarter of 2022, is the Monster Card– a physical card that can be used to make real-world purchases, furthering this inceptive and capacity for financial liberty to be attained through the platform.
Currently, the Xchange Monster (MXCH) wallet is multi-chain and multi-asset, meaning it can hold NFTs, game rewards, and tokens from a huge range of blockchains, as well as fiat currency, which can be easily exchanged and used through the platforms exchange.
A physical Monster Card would mean, for example, that fiat currency earnt from exchanging an in-game NFT item could be used to buy any item in the real world that the user desired, allowing them to pay using the value generated from these in-game assets.
With a Monster Card, users could use the currency they have earnt in-game seamlessly in the real-world, massively increasing the utility of the MXCH token and increasing the value of the Xchange Monster (MXCH) platforms as a whole.
