MUON token is still in the spotlight. What about MERIT?
Muon is a great network that provides decentralized Nodes. Its native token is very trending. This project enables running Web2 and Web3 applications, on-chain, off-chain, and cross-chain. Moreover, the network acts as a base layer that bridges the division between different blockchains, creating a fluid Defi ecosystem.
According to the team, the Muon layer exists between blockchains. It connects different protocols, allowing them to talk to each other. Thus, the company ensures blockchain interoperability. While blockchains are great for storing valuable data securely, connecting this data to other chains or sources often proves to be difficult. Muon aims to change that. Its elementary node layer will securely allow external smart contracts to perform complex computations. In addition, the team offers this service at zero gas cost through off-chain computation.
The company will give partnering blockchain projects high-speed performance. It operates according to its “data-on-demand” principle, aiming to become the industry leader in its respective fields. Thanks to Muon, using truly decentralized oracles and cross-chain bridges will become very easy and secure. The team will launch its native utility token MUON in July 2022. The total supply of this ERC20 token is 120,000,000. This token is high-ranked on various ICO listing platforms. The company noted that its holders would enjoy some benefits while using the platform.
What does MUON offer to its users?
The platform’s core consensus layer is unique. It uses a new type of system, which the team named Secure Subsequential Consensus. Through adaptive collateralization, the protocol will ensure fast execution times. It will also allow users to reach node consensus.
Seamless scalability is Muon’s other benefit. This network is not a chain. It doesn’t store data permanently, as well. Thus, the network can easily scale horizontally without any limits. This network enables any Web3 app to run high-level, tamper-proof computations (Java, Python, C, C++, Rust, etc.) within its own app. Nodes running the same application will be able to gossip and work together, thus, forming a decentralized super-computer.
Muon is also customizable and cost-efficient. Customers don’t need Nodes to run all apps. Instead, they can choose when to use them. The company offers two types of Nodes: Specialized nodes: nodes running a very specific app; and General nodes: nodes running almost all apps. Web3 developers will be able to shift between the trade-offs this configuration yields: security versus speed.
Furthermore, the company offers Oracles that provide reliable, immutable, trustworthy and traceable data. When multiple sources, like Muon nodes, verify an oracle’s information to be true, the platform forms a “consensus.”
One of the first oracles the team has built on Muon is a stock price oracle called Pythia. The latter provides prices to DEUS Finance for 50,000+ stocks almost instantaneously. It does this by leveraging Muon’s node-based infrastructure. Afterward, Pythia combines results with a unique collateral structure, thus providing both integrity and speed.
What about bridges?
The company creates bridges between all blockchains. With Muon, users will be able to bridge any type of data cross-chain. Currently, the team is designing and implementing two types of bridges: Permissionless and DEUS.
According to the company, permissionless bridges will follow the same logical steps as any other bridge. However, Muon’s core difference is how it handles signatures and reaches consensus. For example, if the customer transfers tokens to a designated contract on Chain A, the platform’s contract locks those tokens on Chain A via a transaction. To prevent errors, Muon market the tokens with a unique ID. Meanwhile, locked tokens back up the permissionless transaction. As such, they remain on the original chain. As a result, the company ensures that nothing will ever be lost.
The whole process is quite easy, even though it may seem otherwise. The customers will need to inform Muon nodes about the transaction sent on Chain A. All nodes will sign confirmations of the transaction. After that, the Client fetches those signatures, putting them into a smart contract. The latter will check Muon signatures on Chain B, and if the signatures are valid, the customers will be able to claim their tokens with another transaction on chain B.
The team pointed out that a key element of permissionless bridges is that users need to create the tools on the new chain themselves. On the other hand, the DEUS bridges include liquidity pools by default.
DEUS bridges work in the following manner: admins deploy tokens on chain B. They also control the list of tokens while the rest of the functions remain permissionless. DEUS bridge is essentially a Muon permissionless bridge. However, it has all the liquidity pools and exchanges on the other side by default.
Single.Earth offers innovative project. Its token MERIT is very trending
The founders created Single.Earth to tackle one of humankind’s most critical challenges – namely, the destruction of ecosystems that support life on earth. Thus far, nature has been monetized mostly as raw material. In truth, healthy ecosystems have an enormous existential value. However, they have little value in the modern extractive economy. Unfortunately, such neglect ultimately leads to the depletion of nature and natural resources on our finite planet.
Single.Earth wants us to value nature for its vital contributions to people, such as clean air and climate regulation. It aims to shift the current paradigm, as well as incentivize landowners to protect the ecosystems that make our planet habitable.
The company’s main goal is to develop scalable business models that will support nature conservation. According to its team, protecting existing biodiverse forests is the most effective way to hinder climate change and biodiversity loss. Moreover, the team wants to give fair and easy access to its platform to landowners of all sizes.
This project can offer credible, free of charge, and efficient land assessment. Besides, its market entry barriers are notably lower compared to carbon projects. That provides a unique opportunity to evaluate, tokenize, and trade on the same platform. As a result, everyone will be able to participate and protect nature. The team will also implement its hot MERIT token as the main currency in all daily transactions between people-businesses-institutions. It plans to launch its ICO sale in July 2022.
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