RupeeStandard Coin Launched on Mugambo Network
RSS is a blockchain based crypto currency whose tokens in circulation are backed by an equivalent amount of...
Introducing the worlds fastest and reliable blockchain network for game developers , Igaming platforms & Gamers.
MuGambo’s mission is to provide a practical
blockchain for the Gaming industry with a solution
for scalability and lower transaction cost and to
offer interoperability with all transaction bodies
around the world.
MuGambo aspires to be the home of all gaming
applications and aims to get employed on a broad
scale in a variety of industries, including
telecommunications, finance and Logistics.
The platform will be open-source, allowing the
community to utilize and modify it, as well as
provide numerous application support tools for
creating decentralized applications (DApps).
MuGambo aims to address the following problems in Blockchain
Existing blockchains require all nodes to verify and
store a single block at a time, resulting in longer
block creation times and block size constraints. As
a result, performance will be restricted by the
speed of each node, regardless of how many nodes
are connected. The more transactions that need to
be processed, the lower performance will be owing
to network congestion.
When trading on the blockchain, there are a
variety of costs. The block reward and transaction
confirmation fees paid to block miners are two of
the most important fees. These fees reward
consensus players while also protecting the
network from DDOS and staking attacks.
MuGambo, on the other hand, argues that these
fees are too high for a scalable and long-lasting
blockchain with a healthy ecosystem of users and
apps.
Blockchain can only use information stored in
blocks to verify previous transactions, and the
information held inside existing blockchains can only provide limited functionality. MuGambo feels that
a function that controls historical information, as well
as transactions within the block is important for
blockchain technology to be fully used in the real
world.
MuGambo’s goal is to provide for the safe
storage and transfer of capital without the use
of a traditional public institution or
middleman
With MuGambo, the probability of hackers
breaking through the system is zero due to the
presence of cryptographic encryption protocols
as part of the decentralization technology.
MuGambo platform’s users and gamers will
have complete access over their in-game
collectibles at any cost because the network is
basically decentralized without any third-party
control.
in MuGambo,
the encryption protocols ensure the payments
are made only over blockchain networks via
cryptocurrencies. So, every transaction
remains transparent,
gamers will be provided with the provision to
trade the digital assets with fellow gamers and
make earnings out of it with the support of the
MuGambo platform.
The MuGambo platform adopts an inflationary model to expand the ecosystem. MuGambo anticipates that there will be initially a 5% annual inflation rate that decreases as more users join the network
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Entrepreneur
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Features that make MuGambo different from other Traditional and Gaming Block Chains
Encrypted by blockchain technologycryptographic encryption protocols.
In-game rewards are collected in the form of NFTs and can be sent to external apps.
Nobody holds ownership over any component of the game. It’s decentralized and governed by the community.
In-built secure payment gateways facilitate safe transactions while purchasing in-game NFT collectibles.
Earned rewards can be transferred across to gamers personal decentralized wallets easily.
MuGambo possesses an in-built counterattacking system to prevent Sybil attack, Parasite Chain attack, and transaction flooding.
Since it’s a decentralized system, changes are hardly made, and if so, they remain transparent to the common masses.
The speed with which you make in-game payments and access the game itself is phenomenal as it’s uploaded on a blockchain network
MuGambo is expected to reach 1Million transactions per day within the first few months which took years for other major blockchain platforms.
May 20,2021 (10:00 GMT)
May 20,2021 (10:00 GMT)
900,000 ICC (9%)
1 ETH = 650 ICC, 1 BTC = 1940 ICC
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Introducing the worlds fastest and reliable blockchain network for game developers , Igaming platforms & Gamers.
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Gracie Potts
Manager