Jun 9, 2023
MUN Blockchain
MUN Blockchain is layer 1 built on Cosmos with Proof-of-Stake mechanism that develops an ecosystem that allows anyone to transfer money across borders at almost zero cost through MUN coin or coin-based assets like M-USD, M-EUR or M-GOLD.
Transactions of $MUN between wallets will be free, while $USD (M-USD), $EUR (M-EUR) or gold (M-GOLD) is also free of charge but will incur a 1% fee when transferring fiat.
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The transaction processing speed can reach 10,000 TPS (depending on the number of nodes at each time, compared to the same project — XRP — about 1,500 TPS on average, which is quite impressive but still needs actual proof of the efficiency), about 5% of nodes accept no transaction fees and users have 3 options:
- Free
- Slow (less than $0.01)
- Fast (~$0.05)
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