Friday, November 15, 2024
Home > Analysis > 3 Cryptocurrencies Set to Use Their Community to Dominate the Crypto-verse: Big Eyes Coin, Cosmos, and Chainlink

3 Cryptocurrencies Set to Use Their Community to Dominate the Crypto-verse: Big Eyes Coin, Cosmos, and Chainlink

Place/Date: – December 5th, 2022 at 8:29 pm UTC · 4 min read
Source: Big Eyes Coin

Since most cryptocurrencies need to be in the right community for their participation and support to push the development of the coin, Big Eyes Coin (BIG), Cosmos (ATOM), and Chainlink (LINK) are great community-oriented crypto platforms that strive for greatness. From having promising futures to their great potential for profits, these coins are great buys for recent times.

Big Eyes Coin (BIG) Aims to be the Internet’s Most Profitable and Favorite Meme Coin

Big Eyes Coin (BIG) is a new community-based meme coin platform that aims to increase wealth for the community while preserving the habitat for fish in the sea. This decentralized finance (DeFi) system is revolutionary and fully community-driven concerning its wealth creation, scalability, and security. These features and progress set Big Eyes Coin (BIG) on the path to dominating the cryptocurrency market.

Big Eyes Coin (BIG) guarantees that 90% of tokens available after release would be controlled by the community because it places the community first. Also, the BIG token, which would be utilized for charitable purposes, will allocate 5% of its total supply to preserving fish and the ocean ecosystem.

Big Eyes has already developed trading and marketing strategies that extend into 2030, and it aims to be a major player in the media and promote memes and meme coins. Still, in its presale period, Big Eyes Coin (BIG) has gathered almost $10 million as the tokens are quickly selling out.

Cosmos (ATOM) – An Interconnection of Multiple Blockchain Networks

Cosmos (ATOM) is a cryptocurrency system that powers a series of blockchain networks, and they were designed to scale and operate seamlessly with each other. The project aims to create something like an Internet of blockchains – a network where blockchains can communicate with each other in a decentralized manner while still maintaining sovereignty.

The Cosmos (ATOM) network functions using a BFT (Byzantine fault tolerance) Proof-of-Stake consensus mechanism along with Tendermint consensus, which powers each blockchain in the Cosmos. Cosmos (ATOM) also has the Cosmos Hub, which is a blockchain that serves as the main economic center of the Cosmos (ATOM) platform. This Hub aims to provide users with an interchain token exchange, interchain security, ETH and BTC platform bridges, and interchain token holdings.

The ATOM token is the native token of the Cosmos Hub and aims to secure the Hub’s transaction services the token has three use cases on the platform:

  • A spam prevention mechanism for paying transaction fees.
  • For staking tokens: ATOM tokens can be “bonded” to earn block incentives.
  • Token holders can govern the Cosmos Hub with their staked ATOM tokens through voting on proposals.
3 Cryptocurrencies Set to Use Their Community to Dominate the Crypto-verse: Big Eyes Coin, Cosmos, and Chainlink

Chainlink (LINK): A Decentralized Blockchain Platform For Oracles

The Chainlink (LINK) network is a component of a decentralized blockchain system that encourages data providers (Oracles) to deliver timely, precise, and reliable data from off-chain providers. These Oracles are the pushing force responsible for some of the most significant blockchain innovations essential to the growth of blockchain networks.

Chainlink (LINK) also plans to right some inconveniences in the cryptocurrency community – like information communication to and from blockchain networks. This communication can be made possible through the Oracles. Oracles are sensors that can be set to monitor nearly anything like sports statistics, weather changes, financial accounts, stock values, etc., and the only greatest setback of Oracles is their consolidation, which makes them weaker and prone to corruption in blockchains.

Chainlink (LINK) developers announced the development of the Verifiable Random Function (VRF) 2.0 earlier this year. This version of VRF is an accurate Random Number Generator (RNG) that allows smart contracts to receive arbitrary data while preserving security and usage in the Chainlink ecosystem. Use the promotional code BCUTE716 to get BIG at a discounted price.

Click on the links  to be a part of the presale: website, Telegram.

Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.

Source