No doubt, cryptocurrencies differ from each other in different ways. However, its essential that traders research all the features of any crypto token before purchasing it. Avalanche, Algorand and Big Eyes are widely renowned crypto tokens. Any trader would be happy to buy these tokens. This piece will reveal their unique features and what makes them spectacular.
Avalanche (AVAX) The Ethereum Killer
If you’ve been on the coin market for the past few years, you’ve probably gotten fed up about hearing about Ethereum killers. This category of cryptocurrencies has been identified as possible heirs to the throne of the largest altcoin on the cryptocurrency market. Several cryptocurrency tokens fall into this category. However, only a few of them live up to the hype. Avalanche is one of the tokens that live up to the hype. Because of Avalanche’s similarities to Ethereum, it can also create smart contracts and support decentralized applications.
Today, you’ll find numerous projects that are designed on Avalanche’s blockchain. AVAX is the token that powers this innovative blockchain. Users can rely on Avalanche to pay transaction fees, and secure activities on the network. This project is remarkable because it can provide near-instant transaction finality. This means that traders don’t have to wait for extensive periods before their transfers are confirmed. There are only a few crypto tokens that can perform the same responsibilities as avalanche, and at the speed that it does so.
It’s been reported that Avalanche can process up to 4,500 transactions per second. Also, there are 720 million AVAX tokens in circulation.
Algorand (ALGO) The Fiercest Competitor
Like most tokens in the cryptocurrency market, Algorand exists as a blockchain and a cryptocurrency network. This project has the capacity to process several transactions quickly, like Mastercard or Visa. Because of its similarities to Ethereum’s decentralized protocol, users can host their projects on Algorand. While many people are yet to acknowledge it, Algorand is one of the fiercest competitors to Ethereum. ALGO is the ticker symbol for this decentralized protocol. ALGO can be used to secure blockchain transactions and to pay transaction fees.
Another important thing to note about Algorand is that the cryptocurrency is an open-source blockchain. This means anyone can view this project and contribute to it. Algorand can process transactions quickly because it runs on a pure proof-of-stake protocol. This protocol ensures that network validators are chosen from the users that are currently on the project. This cryptocurrency project is highly efficient. It can finalize transactions in a few seconds. The blockchain network on Algorand is continuously compressed to reduce the computational workload that users have to deal with. By doing this, transactions can run smoothly even if there are issues with some aspects of the blockchain.
Big Eyes (BIG) The New Meme Coin
Big Eyes is a cryptocurrency that values innovation. Instead of copying the work of other Developers, Big Eyes has chosen to steer its own path. This cryptocurrency is interested in becoming one of the biggest names in the coin market. They have set up their meme coin to stand out with some unique features. To start with, this coin can be used in NFT minting. Users will get to mint their favourite NFT tokens using this decentralized blockchain. As the NFT market grows larger, worldwide interest in the token will grow.
What’s more? Big Eyes’ decentralized protocol will also have a centralized platform where traders can buy, sell and swap crypto tokens. Also, Big Eyes is hosted on the Binance Smart Chain. This means that all its activities will be handled and processed quickly. Furthermore, this meme coin has a user-centric approach. This means that the community of users will always come first. BIG is the ticker symbol of this token. It will fuel transactions on this project.
Want to know more about Big Eyes, you can watch here.
Big Eyes Coin (BIG)