With Central Bank Digital Currencies (CBDCs) continuing to make headlines, it’s scary to think about what could be when they’re fully rolled out. Monero (XMR) and Litecoin (LTC), however, are viable alternatives to CBDCs, so we’ll take a look at them. We’ll also look at new crypto, DeFi exchange, TMS Network (TMSN), which has raised the bar in its presale, as the token is up a mindblowing 1600%.
Monero (XMR)
Monero (XMR) is a privacy-centric cryptocurrency designed to offer secure, untraceable, and private transactions. By leveraging advanced cryptographic techniques, Monero (XMR) ensures every transaction remains confidential and anonymous.
One of the key features of Monero (XMR) is its use of ring signatures, which combines a user’s transaction with other random transactions, effectively obfuscating the true sender. This ensures the origin of any transaction on Monero (XMR) remains hidden.
In a world where CBDCs are quickly advancing, and the fear of Big Brother states knowing everything we spend our money on, Monero (XMR) is certainly a viable option. The main issue regarding Monero (XMR) is its actual privacy focus.
Of course, governments are introducing CBDCs so they can follow everything we do, so it remains to be seen whether they ry and strangle Monero (XMR) at certain choke points.
Litecoin (LTC)
Litecoin (LTC) is a well-established cryptocurrency that was created as an alternative to Bitcoin, with the primary goal of providing faster transaction speeds and lower fees. It has succeeded with this, and as a result, Litecoin (LTC) has managed to establish itself as a viable option for payment transfers.
Litecoin (LTC) boasts a faster block generation time of 2.5 minutes compared to Bitcoin’s 10 minutes. This reduced block time enables quicker transaction confirmations, making Litecoin (LTC) better suited for time-sensitive transactions and smaller purchases.
This could go one of two ways for Litecoin (LTC). It’s not privacy-focused, so it shouldn’t fear a government clampdown, and the Litecoin (LTC) network could even be used for CBDCs. That said, governments would then be inclined to use a public blockchain, and we all know governments want complete control, so this is the biggest fear for Litecoin (LTC) investors.
TMS Network (TMSN)
TMS Network (TMSN) holds no competition towards government CBDCs, and could even be a positive for the next form of digital fiat.
The TMS Network (TMSN) platform offers a range of features designed to provide traders with a comprehensive and innovative trading platform. All under one roof, users can trade multiple asset classes, including cryptocurrency, equities, forex, and CFDs.
The platform also includes advanced risk management tools, allowing traders to manage their risk effectively and make informed investment decisions.
TMS Network (TMSN) also utilizes cutting-edge technology, including blockchain and AI tools, to provide a secure, transparent, and efficient trading experience. This includes the use of smart contracts for revenue sharing and decision-making, as well as advanced algorithms for executing trades.
Additionally, the social trading feature of TMS Network (TMSN) allows traders to follow and copy the trades of successful traders, providing access to expertise and insights that may not be available to less experienced traders.
While nobody knows exactly what lies in wait with CBDCs, the number of asset classes available on TMS Network (TMSN) could all be available to trade with CBDCs, making a much more liquid market.
TMS Network (TMSN) is in the second stage of its presale. And with a mindblowing 2240% ROI for its early investors, the future is looking bright for $TMSN, whether CBDCs take hold or not.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx