The crypto collapse started in February 2022 because major world events rocked large economies and enabled inflation. The collapse has led to prolonged bearish waves throughout the cryptocurrency market, affecting many coins and their cryptocurrency prices.
In the midst of it all, Cardano (ADA), Cosmos (ATOM), and the new project Big Eyes Coin (BIG) have shown signs of breaking the trend. Read on to find out more about their standout features.
Cardano – Scalability In Crypto
Cardano (ADA) is based on an independent blockchain, focusing on improving the cryptocurrency market’s trading experiences. The network offers fast transactions, efficient scaling when due, and secure connections.
The blockchain arrangement is also a novel idea; a double-layer blockchain structure experts are calling a third-generation blockchain. To start, Cardano (ADA) runs on a Proof-of-Stake protocol known as Ouroboros, which helps validate transactions on the network without spending lots of energy.
The blockchain has two layers, a Cardano Settlement Layer, where user accounts and ledgers are kept. The Ouroboros protocol is found in this layer, validating the account balances after each transaction.
The second layer is the Cardano Computing Layer, where the network processes several transactions from users. This blockchain model allows for faster response timeframes on transactions and lower gas fees on transactions.
The Cardano (ADA) network is yet to use smart contracts, but the developers have lined up an upgrade for the platform. This upgrade will most likely integrate smart contracts, making it easier for developers to add several DeFi software to the network.
Cardano’s official token, ADA, is used for staking and voting on relevant protocol changes. It sells for $0.42 on CoinMarketCap, at the time of writing.
Cosmos Is Out Of This World
Like Cardano (ADA), Cosmos (ATOM) is another token that looks to solve the issues around interoperability. The token was built to traverse several networks and become a means of exchange of assets between such platforms. Also, it can scale appropriately to accommodate increased user investment.
Cosmos (ATOM) uses a Tendermint BFT consensus protocol to power its network. The network is divided into a Cosmos software development kit and a Cosmos Hub, which have peculiar features that enhance the quality of the Cosmos platform.
The Cosmos (ATOM) software development kit is an open-source framework for developers to develop public blockchains. The Cosmos Hub is the blockchain at the heart of the network, ensuring interchain coin exchange, improved security between chains, and bridges to popular blockchains like Bitcoin and Ethereum.
The official Cosmos token is ATOM, which is useful for trading with other coins, for maintaining network security through staking, and as a governance token for voting.
Big Eyes Coin Could Take Over The Crypto Market
Big Eyes Coin stands out by being a community-oriented platform, doing well to get its members involved in the project. The presale has already made over $5 million thanks to their community’s support.
The anticipated NFT club launch aims to provide more value for BIG community members, as the platform permits the creation, exchange, and trade of NFTs. There is a 10% tax for NFT trades on the platform, with 1% going to charity, 5% to BIG holders, and 4% to the original seller.
An active NFT platform ensures the token’s sustainability and opens up several other opportunities, including blockchain gaming and a possible Metaverse space.
Big Eyes’ (BIG) developers are also working on getting the token launched on major exchanges. The listing could help BIG’s cryptocurrency price increase significantly while presenting the token before a larger audience. Users can anticipate a launch on Uniswap (UNI) soon, as the developers look to have that wrapped up already.
Also, if you hold BIG tokens till December, you stand a chance to win BIG, as the developers plan a 250,000 token giveaway to appreciate the support already received. Ten lucky members will share the tokens, with first place getting 100,000 and the other nine sharing the rest of the tokens. Now’s the time to get your BIG tokens and potentially be a part of the next big crypto project.
For more information on Big Eyes Coin (BIG), please visit the following links:
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