Mar 5, 2021
What are the advantages of Muso blockchain?
Modern technology includes digital applications, software, websites, algorithms, cloud computing, artificial intelligence, machine learning, virtual reality, financial technology, blockchain, etc. Over the years, the power of the technological industry cannot be overemphasized, as seen from the dominance of the Forbes list. Compared with ever before, technology has been integrated into almost everything in our life. It has penetrated all aspects of human life, and as we continue to witness more exciting technological solutions every day, the penetration of technology will go deeper into human life. However, technology is never static, and it is constantly evolving. In fact, the most successful technology companies are those that can position themselves well, understand and adapt to people’s needs. Technology is a passive asset, which means that its complexity always depends on human capital or human needs, because it is always designed to satisfy a person, not the other way around.
The influx of institutional funds into Bitcoin in the past few months has made cryptocurrency the headlines — at least as a novel asset, or even a must-have asset. Today, there is a trend in the market today, that is, more people realize and accept digital assets as a new investable asset class. We learned that institutions currently involved in tokens and storing Bitcoin, including Stan Druckenmiller, Tesla, and MicroStrategy, have invested greatly in bitcoin. In addition, the Bank of New York Mellon (BNY Mellon) also announced plans to hold, transfer and issue Bitcoin for its customers.
Behind the large-scale investment in crypto assets by institutions, a signal is constantly being released:
In fact, there are many reasons which triggered Bitcoin’s enthusiasm. Some people believe in the relative maturity of the market and the increase in liquidity, which means that many transactions can now be conducted without causing excessive market volatility. While others believe in the unusually high volatility, high returns, and positive excess kurtosis of this asset class. The background of Bitcoin and its limited supply have also been highlighted, which makes it increasingly attractive in a world where asset prices are inflated, while monetary and fiscal policies are out of control. The main reason these institutions are interested in cryptocurrency is not for other reasons, but more practical, related to regulations and outdated infrastructure.
The building of traditional finance is collapsing, and the building of new order is being constructed
In the past two years, the blockchain and crypto industry have made leaps in regulatory clarity, at least in most developed markets. On the other hand, the development of high-standard infrastructure has provided institutional participants with an operating model similar to that in the traditional securities sector, allowing them to directly invest in digital assets through custody, or through derivatives and funds indirectly. These are the real driving forces that provide institutional investors confidence to finally get involved in the cryptocurrencies. Today we saw the madness of the speculative market, but after the craze, only real projects can reach the end. As the recently mentioned MUSO blockchain project, it adopts the VDPoS (DPoS+pBFT) consensus algorithm. The MUSO blockchain stated that it supports the structured chaining and transaction of business data to preserve the global data. However, it is believed that compared with the NGK blockchain, the global architecture of the MUSO blockchain is still insufficient to support the modern commercial applications. The NGK blockchain uses the DPOSS consensus mechanism through the creation of an independent blockchain. It has faster transaction processing. The biggest advantage of the NGK blockchain is the consensus of the entire market. Any enterprise and individual can use the bottom layer of this blockchain. Since the NGK blockchain was launched, it has been commercialized in various major sectors, and has successfully empowered and improved the value of these industries, further expanded the market, and increased more users, which has also further promoted these industries. Now, these industries are moving towards the digital economy.
