Why Multi-Chain Interoperability is Essential: A Look at Polkadot (DOT) and Xchange Monster (MXCH)

By June 23, 2022NFT
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In the modern cryptocurrency space, multi-chain interoperability is key.

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 (DOT) Builds a Connection

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 capability.

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.

Xchange Monster’s Multi-Chain Wallet Is A Game Changer

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.

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