Big Eyes Coin, Solana, and Cronos: 3 Cryptocurrencies Keeping The Blockchain Industry Active
Currently, there are over 200 million cryptocurrency users in the world and over 20,000 cryptocurrencies in existence. Out of this number, it is estimated that there are 10000 active cryptocurrencies. This means that the market is saturated with inactive or “dead” cryptocurrencies that are only about hype and not functional in the Blockchain sector. This article treats 3 Cryptocurrencies that are all about utility, scalability, and providing a suitable environment for cryptocurrency users.
Meme coins are not mainly known for their usage and so they are regarded as useless and lacking potential. Nevertheless, several meme coins are changing the norm and Big Eyes Coin (BIG) is one of those select cryptocurrencies.
There’s A Bright Future Ahead and Big Eyes Coin (BIG) Is Right There!
Big Eyes Coin (BIG) is the latest meme token that’s gathered some excitement in the crypto space. The token is not just a meme token but a community project that is dedicated to providing a means of generating income for its users as well as protecting a vital part of the world’s ecosystem.
The token is based on a cute cat with Big Eyes and will take up a role that’s been missing in the meme token space. The Big Eyes (BIG) ecosystem will grow rapidly through self-propagation and the use of NFTs. There are plans to create Non-Fungible Tokens that will be available to users and NFT events and content to generate value for the network.
Users of the Big Eyes (BIG) Coin will be in control of the network as long as they hold BIG tokens. The Big Eyes Coin (BIG) ecosystem will stay true to decentralization and will ensure that its users have a say in the operational developments of the ecosystem. Also, active users are entitled to rewards and benefits in the form of BIG tokens, NFTs, and other digital items.
Solana (SOL): Providing Greater Scalability To The Blockchain Industry
Introduced to the Blockchain sector in 2017, Solana (SOL) has grown considerably by rectifying the issues of scalability, censorship, speed, and programmability faced by Blockchain networks. The Solana (SOL) network introduced new state-of-the-art tools and technologies to provide Blockchain users with better transaction speed and top-notch security.
Solana (SOL) has remained a valuable platform because of the systems that work together on the network. For instance, the network makes use of a slightly different kind of consensus mechanism known as Delegated Proof-of-stake (DPoS). This mechanism works alongside the Proof-of-history (PoH) mechanism and the Tower Byzantine Fault Tolerance (BFT). Each of these tools allows validators to work seamlessly, increase block time and increase the overall efficiency of the Solana (SOL) network.
There are also several technologies used by the network to make it one of the fastest Blockchain networks, such as Archivers, Cloudbreak, Turbine, etc. The validators mentioned earlier are those who keep the network secure by approving transactions made on the web. These validators are selected based on their SOL holdings. Holding a high amount of SOL tokens increases a user’s chances of getting selected as well as the reward attached. Users who are not validators are allowed to delegate their SOL tokens to a validator and secure profits as well.
Cronos (CRO): Massively Scaling The Web 3.0 Community
Cronos (CRO) is the Blockchain-based network that serves as the parallel protocol for the Crypto.com digital asset exchange platform. The network is powered by Ethermint and it is considered the first network that’s interoperable with both the Ethereum and Cosmos Blockchain ecosystems.
Cronos (CRO) allows for the quick porting of Decentralized Apps (DApps) and smart contracts to and from Ethereum (ETH) and other EVM-compatible blockchains with very low cost and high throughput. The network was built with the Inter Blockchain Communications (IBC) protocol which allows for communication and bridging to the Crypto.org Chain and other IBC-enabled chains in a decentralized manner.
Developers on the Cronos (CRO) network can process more transactions because of Tendermint utilized by the network. CRO is the Network’s base settlement currency as well as its native token.
Big Eyes Coin (BIG);
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