Decentralized exchanges are facing increasing challenges, but one new player is set to revolutionize the market.
Peer-to-peer decentralized exchanges (DEX) are booming, driving huge changes in global financial institutions and making the world of crypto more accessible.
They manage huge volumes of transactions with no third-party involvement, reducing the risk of hacking and promising anonymity. But while blockchain-based DEXs promise safer and more transparent trading, they also have their shortcomings.
The likes of Uniswap and its close contender PancakeSwap are built on one blockchain, which doesn’t allow for exchange between crypto and fiat (legal tender) without a compulsory visit to the central exchange. They can also be complicated, suffer with scalability issues, and can be intimidating for the uninitiated.
But there is a new partnership in the world of crypto that overcomes the problems faced by today’s DEX platforms, and could even render them obsolete.
Mushe and Constellation are set to revolutionize the DEX market, bringing a new level of security, overcoming network congestion, reducing transaction fees and offering cross-chain interoperability. It is a game-changer that could well render today’s DEX platforms obsolete.
A Problem to Solve
Uniswap has long dominated the DEX market, trading on Ethereum’s blockchain technology, and has been so successful that it is cloned on an almost daily basis, giving way to a whole industry of copycats.
However, it has faced challenges. Its popularity has led to it becoming congested. More transactions taking place on Ethereum’s blockchain drives up gas fees and slows down processing times.
PancakeSwap has had success as the less expensive alternative to Uniswap, running on Binance Smart Chain (BSC). However, transaction fees are still quite high and the platform has been criticized for not being very user-friendly for beginners as the process involved with BSC can be complex.
A Safe, Simple, and Scalable Solution
New player Mushe is changing the DEX market, with impressive advantages that have never been seen before in the crypto space.
In collaboration with Constellation, Mushe will offer a much cheaper transaction fee, allow users to trade across multiple blockchains in cross-chain swaps, and even convert their XMU into fiat without going through a centralized exchange.
Security is at the forefront of Mushe’s ambitions. Constellation Hypergraph supports millions of transactions a month, and is so secure it’s even used by the US Department of Defense to process mass data.
While traditional blockchains use fees to capture value on a value-based network and are therefore vulnerable to fluctuation, Hyperspace has no base level fees. The peer-to-peer network allows anyone to attract value from the Constellation ecosystem, with financial incentives.
Constellation Hypergraph is not only secure, it’s designed to be simple to use and is infinitely scalable too. Built to keep pace with the increasingly larger data industry, its speed actually increases with network size.
By offering security, affordability and no slow-downs due to congestion, not to mention the flexibility to trade across multiple blockchains and into fiat currency, the Mushe-Constellation collaboration could well become the only application users need to complete a successful trade.
A DEX Revolution?
Mushe is bringing huge changes to the industry and offering impressive advantages to Mushe token holders too. The Mushe token (XMU) will be used for liquidity, which means Mushe users will benefit even more from the increasing trading volume.
Not only that, the user-friendly system and their commitment to educating users about the world of crypto will empower those who feel left behind to get involved. Mushe promises lower financial and knowledge barriers, and refreshingly, less jargon.
It’s simple, safe and scalable. And with its cheaper fees, it could spell the end for Uniswap and PancakeSwap.
Find out more about Mushe token and the upcoming MusheSwap at the official website.