Bitcoin’s (BTC) launch in 2009 marked the start of cryptocurrency as we know it, and the technological advances since then have been fantastic. Token projects have come a long way from the obsolete Proof of Work protocol to the more efficient Proof of Stake.
As Ethereum launched its Proof of Stake in late September, Big Eyes Coin (BIG) developers will be looking to use it to their advantage as the project advances towards edging out Bitcoin (BTC) and Litecoin (LTC), which still use Proof of Work programming.
In 2009, Bitcoin Became The First Ever Crypto
Bitcoin (BTC) opened the floor for decentralized finance worldwide and was released for public use in 2009. Users were immediately attracted to the possibilities it held, as transferring funds without needing intermediaries like banks and payment systems was a welcome initiative.
Bitcoin (BTC) runs on a proof-of-work protocol used for the mining process. The proof of work system rewards accredited users for mining blocks of Bitcoin tokens. Over the years, the developers have heavily discouraged mining, restricting profitable mining to certain ASICs owned by large corporations.
Bitcoin’s (BTC) significant contribution to crypto trading was the evolution of blockchains. Blockchains are systems through which users transfer funds and assets from one address to another. It is an open technology, meaning anyone, anywhere, can use it. Also, while its execution is not as immediate as with smart contracts, it was a temporary solution to using banks for funds transfer.
Litecoin- The Second Oldest Crypto To Remain
Litecoin (LTC) is a popular fork of the Bitcoin Protocol, which was created in 2014. Forks are typically irreversible changes to an existing protocol, which give rise to a new platform. The new protocol is similar to the old one but functionally distinct.
Like its preceding protocol, Litecoin (LTC) runs proof of work protocol with few limitations compared to Bitcoin. However, while their operations are similar, Litecoin’s protocol executes transactions faster and at lower charges than Bitcoin’s platform.
There is a limited supply of Litecoins, about 84 million, although specialized graphic processing computers can successfully mine the token.
Big Eyes Coin Is Coming To Kick Bitcoin And Litecoin Out Of Their Place
Launching on the Ethereum blockchain will give Big Eyes Coin (BIG) users more advantages in their trading than other proof-of-work platforms like Bitcoin (BTC) and Litecoin (LTC). The platform will also have better opportunities to scale up faster with the growing community size.
Big Eyes Coin (BIG) has accredited its development team with CoinSniper, and Solidity Finance has audited its smart contracts.
Smart contracts and the newly upgraded proof of stake protocol on the Ethereum network also ensure faster transactions than before and potentially lesser gas fees on transactions.
Already, Big Eyes (BIG) developers promise to make their NFT club, Sushi Crew, free to use by members.
Besides the NFT platform, Big Eyes (BIG) users can also expect a launch on UNISWAP and other decentralized exchanges. The developers are working on making the token more accessible to a wider range of users in the crypto space, which will keep the coin relevant for extended periods. CoinDex and Coincheckup have already listed the token in preparation for its launch.
For more information on the project:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
