Muon Network MUONPrice $ 0.000849

Muon is a global data availability layer that enables running Web2 and Web3 applications, off chain, on chain, and cross chain. The network acts as a base layer that receives and sends messages from the real world and between blockchains, creating a fluid DeFi and Crypto ecosystem.

Muon Network taps into the rapidly evolving blockchain-based industry by providing a key service needed to make this industry functional: secure real-time global data availability and trustless cross chain communication.

The Muon protocol consists of a large number of nodes that process and sign valuable data upon request and push sensitive data in a secure threshold signature scheme to smart contracts on blockchains where the integrity can be verified.

Muon itself is not a permanent state machine like ethereum, but rather a stateless protocol. Nodes are required to deposit collateral in a Muon smart contract upfront, making sure that malicious behavior is punished by slashing.

It is run by a global community of node operators, all incentivized by the Muon token.