Anyone alive during the 2008 financial crisis will understand just how devastating the crash's impact was.
With people losing their homes, jobs, and livelihoods to name just a few of the drastic outcomes, the negligence of big banks like those on Wall Street was painfully apparent, causing many to speculate on just what can be done to stop a similar incident occurring in the future.
Enter Bitcoin (BTC), and later on down the line, Mushe (XMU).
Created by an anonymous coder under the alias Satoshi Nakamoto, the purpose of Bitcoin (BTC) was clear: to make a payment system that avoided big banks and gave financial power back to the currencies users.
Created in 2008 and beginning circulation in 2009, Bitcoin (BTC) allowed for peer-to-peer (P2P) transactions of crypto tokens through the Bitcoin (BTC) blockchain. At the time, the technology was revolutionary, being the first of its kind.
However, this does not mean that Bitcoin (BTC) was an overnight success, being a technology that required a lot of technical knowledge to operate and a new system of finance that many were uncertain about.
This was at a time when the Internet was still relatively young, and the general population's understanding of technology was limited. It is no surprise, therefore, that it took some time for Bitcoin to get off the ground, but when it did, it was explosive.
Bitcoin (BTC) was eventually able to shine, rising in value to $1000 by late 2013 and continuing to rise, skyrocketing to a value of $17,000 by the end of 2017.
Bitcoin (BTC) was proof that cryptocurrency had a place in the contemporary ecosystem, offering a viable alternative to finance without the looming oversight of big banks that had caused such chaos back in 2008.
It was an alternative to a system that had proven its capacity to fail, a system that encouraged a community, and a system free of human error and corruption due to the technology of the blockchain.
With more and more people getting involved in crypto as the years have progressed, Bitcoin (BTC) has now become a challenging currency for new crypto users to get involved with. Between 2013 and 2017, Bitcoins (BTC) value rose 17x and has continued to climb to this day, making investment daunting.
Primarily, this is down to the limited number of available Bitcoins still yet to be mined, and the sky-high value of a single token, with 1 BTC being valued at around $30,000.
Furthermore, as an older system working on older blockchain technology, Bitcoin (BTC) lacks some of the ingenuity found in newer systems; compare the 7,000,000,000 joules of energy needed to complete a single Bitcoin (BTC) transaction to the 2,000 joules needed for a Solana (SOL) transaction, for example.
This is where newer currencies like Mushe (XMU) come in, preserving Bitcoins (BTC) agenda for a decentralised peer-to-peer cryptocurrency network while enjoying the new capabilities that today's crypto technology affords.
Mushe (XMU) acknowledges the 2008 financial crisis in its litepaper, making specific notes of the impact this event had on the young people of the time, millennials and Gen-Z, and how this has gone to shape their needs for ethics in the organisations that they participate in.
Mushe (XMU) is a platform aimed at advancing blockchain technologies, to create a smooth and enjoyable user experience that encourages the formation of a community. Mushe (XMU) also has a vested interest in crypto education, to leave an impact on society and increase the participation of everyday people in crypto.
The cryptocurrency also intends to move operations to the Stellar and Solana (SOL) blockchains, due to their low energy systems that will help reduce Mushe's (XMU) environmental impact.
While Bitcoin (BTC) introduced the world to cryptocurrency in the wake of a financial disaster, Mushe (XMU) is enhancing the experience,
Mushe (XMU), which is currently in its first stage of presale, is currently valued at just under $0.03, making the coin very accessible and a great coin to invest in for those looking to expand or start their crypto journey.
Website: https://mushe.world/
Twitter: https://twitter.com/Mushe_World
Instagram: https://www.instagram.com/mushe_world/
Telegram: https://t.me/musheworldXMU
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.