2022-9-1 16:00 |
The Metaverse prioritizes community interactions. A critical element that will take the Metaverse to new heights is the Big Eyes Coin (BIG).
Suppose you’ve heard about the upcoming so-called Merge. In that case, you might be wondering what this means for you, regardless of whether you are extremely into cryptocurrency and keep up with all the most recent developments in the field or own a small amount of cryptocurrency through a platform like Coinbase.
The value of the market as a whole more than doubled at one point last year as investors invested millions into Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies, reflecting the recent boom in the sector.
Keep an eye out for new tokens with enormous potential and invest before the hype wave hits, and Big Eyes Coin (BIG) is one of these new tokens.
Will the “Merge” change the future of cryptocurrencies?The “Merge” is a significant event that the cryptocurrency community is anticipating with excitement as it might enhance prices over time and fundamentally alter the course of cryptocurrencies.
The Ethereum (ETH) blockchain, which powers the second-largest cryptocurrency and other components of the crypto ecosystem, including non-fungible tokens, has undergone an upgrade called The Merge (NFTs). September is the anticipated date.
The Ethereum merger, however, will have a significant impact on the ETH token and the tokens of platforms that use it, such as Polygon Matic.
The performance of the Ethereum blockchain is directly associated with the performance of cryptocurrency tokens.
With the eagerly anticipated merger, the Ethereum blockchain would switch from the PoW consensus mechanism to the environmentally friendly PoS.
Currently, nodes are computers that are a part of a huge network — compete with one another to solve challenging math problems, which is how the Ethereum blockchain, like the Bitcoin blockchain, operates. Those that are successful can then mine the following block of a transaction to produce new coins.
With the upgrade, Ethereum will switch to the proof-of-stake mechanism, which uses less energy and is better for the environment. It involves choosing nodes using an algorithm that favors nodes with higher amounts of a network’s currency.
In other words, they are rewarded for their “stake” in the network rather than for the computing power awarded in the proof-of-work method.
What does Monero’s upgrade include?Innovative cryptography is used by Monero (XMR) to provide its users with a high level of privacy and security. Key characteristics of the cryptocurrency include
Bulletproofs: proofs with zero knowledge permit private transactions on the Monero and other protocols. The transaction is considered confidential when the money being transmitted has been cryptographically hidden.
Ring signatures are digital signatures that can be generated by any group member. Due to ring signatures, it is hard to determine where a Monero transaction originated as it is untraceable.
It’s practically impossible to identify which key (from that set of keys) was used to construct the signature.
Stealth addresses are unique addresses created on demand for every new transaction.
An individual using Monero can publish a single address while receiving any incoming money at several addresses. The user’s published address cannot be traced back to those other addresses (or any other transaction address, for that matter).
The address where the payment was sent is only known by the sender and the recipient making all transactions unlikable.
If you are unfamiliar, the well-known cryptocurrency Monero (XMR), which focuses on privacy, has recently released to its network Monero GUI 0.18.1.0 ‘Fluorine Fermi.’
Monero, an open-source project whose native token is XMR, first appeared as “Bitmonero” in 2014. XMR is a private, secure, and untraceable cryptocurrency that maintains the confidentiality of financial transactions.
The upgrade was executed using a hard fork, a permanent change to the blockchain that is not backward compatible, meaning that nodes will either accept the change or split off onto a separate blockchain.
Monero’s Dandelion++ feature obscures the relationship between transactions and node IP addresses. This improves transaction confidentiality.
Exchanges and wallets: Monero was delisted from a number of significant exchanges, including Bittrex and Kraken in the UK, as well as similar privacy-protecting cryptocurrencies. Monero won’t even be listed on some exchanges, such as Coinbase (COIN).
This is due to the difficulty in doing know-your-customer (KYC) and anti-money laundering (AML) checks on users of Monero (XMR).
Nonetheless, Monero is still going strong with Ledger and Trezor, two well-liked hardware wallets, both supporting the cryptocurrency. Cake wallet, which is a popular wallet that was once only available for Monero, now accepts Litecoin (LTC), Bitcoin (BTC), and Haven (XHV).
The upgrade has added a number of exciting features, including
Changes to fees will lessen charge volatility and boost general network security. Critical security patches will be added, and multi-signature technology will be enhanced.The present Bulletproofs algorithm has been replaced with Bulletproofs+. Transaction speed and transaction size are both increased by Bulletproofs+. Performance as a whole is anticipated to increase by 5%–7%.For each transaction, there will be an increase from 11 to 16 signers required for a ring signature.View tags will be a new method to accelerate wallet syncing by 30%–40%.Monero has received support from more than 300 developers across the globe. This most recent upgrade was a joint effort by 71 developers, demonstrating the strength of the Monero developer community.
Will Big Eyes overtake Dogecoin’s success?The community of Big Eyes is crucial. Token holders will influence events, either directly or indirectly. The Metaverse prioritizes community interactions. A critical element that will take the Metaverse to new heights is the Big Eyes Coin (BIG).
The Big Eyes Coin ecosystem is built on the interests of the community. It understands how important it is for people to earn their money and get a cut of the things they buy.
Having a token is not sufficient; you must participate in an ecosystem that places a priority on sharing wealth among the community.
One of the most important components of the Big Eye Coin (BIG) idea is ocean reservation. Every year, tonnes of rubbish flood the oceans, contaminating our water and killing sea life.
Because of this dreadful issue, a lot of money is donated each year to help save the oceans. The charity-designated tokens will be maintained in
Given the rapid success, the founders plan to raise $50 million through a presale, with individuals who sign up first enjoying a low, set token price.
Any of the above coins could provide you with great success. Just like with any investment, make sure you do your research before you become a holder. a transparent charity wallet to provide total transparency.
During their first NFT live event, the protocol will issue a limited number of unique NFTs to the community and token holders, as well as incorporate NFTs into the Big Eyes ecosystem.
Big Eyes will make it possible to enable minting features and the community to drive the NFT market later on in the roadmap.
One of the places to buy the Big Eyes Coin is on the Big Eyes website or by clicking the button below. Users must link their MetaMask or Trust wallets to make purchases, which can be made by exchanging ETH or USDT.
Alternatively, Moonpay allows you to make purchases directly with your debit or credit card after linking your wallet.
Tokenomics, or Cuteomics as Big Eyes Coin calls it, has strong foundations and is distributed based on merit. 70% of the 200,000,000,000 tokens are made available to the general public during the presale. After the presale, 20% will go towards exchanges, 5% to marketing, and the remaining 5% will go to charity.
Given its performance to date, investing in Big Eyes Coin before it becomes public on exchanges is probably essential to obtaining the best return on investment.
Big Eyes Coin (BIG) has raised over $1 million in its presale to date, and it appears that it will be among the best-performing presales in 2022.
The project has been getting attention from various parts of the industry and has a community that believes the protocol will be the next top-performing meme coin emerging swiftly.
The post Will Big Eyes Coin Reach the Success of Ethereum and Monero? appeared first on BeInCrypto.
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