The cryptocurrency market has seen some massive innovations since its inception. One of the notable innovations was the transition from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus protocol. This change brought a better way to earn passively in a more energy-efficient network.
Cryptocurrencies like Ethereum operate on the proof-of-work, which entails earning from work put in when mining. Proof-of-stake works so that users will hold tokens of that particular cryptocurrency for liquidity. In return, they get governance rights, earn considerably and explore the network. The thing is, proof-of-stake has brought about staking whether or not the crypto operates on its protocol.
Cosmos (ATOM) also operates on the proof-of-stake consensus protocol. It is a network of other cryptos or blockchains linked or interoperated with each other. The idea was to make blockchain technology less complex or complicated. There was no harm in earning extra through staking.
Although staking provided an easier way to earn passively, Cosmos (ATOM) faced some staking problems. Once you stake the cosmos token, ATOM, you would have to wait three weeks before you retrieve the staked tokens. Plus, the entire token staked depends on the validator. One validator can bring it all down.
Likewise with Solana (SOL). Solana’s protocol is quite different from the proof-of-stake, called the Proof-of-History. It is faster than PoW and PoS because it shows a time stamp that such a period has passed. Instead of building blocks of time, it shows that such a transaction has occurred already.
Proof-of-History also enables the staking of tokens. Solana (SOL) is graced with this feature; however, there seems to be a limitation. Compared to Ethereum, Solana (SOL) has less number of validators. It has approximately a thousand validators. This is small because validators are necessary to stabilize the network.
So far, we realize there’s more to staking than we see on the surface. Some may look at it as a means to earn passively, others may look at it as a way to build the liquidity pool of the coin, and some look at it as a way to provide a balanced system. Big Eyes Coin (BIG) also enables staking, with some key areas to note.
How Big Eyes Coin Provides Better Benefits Through Staking Compared To Cosmos And Solana
Big Eyes Coin (BIG) is a new crypto project to launch in the crypto space. It is said to have a fascinating system that will benefit the DeFi world, its users, and the community. Unsurprisingly, it allows for the staking of tokens to provide passive ways to earn.
Although there is no factual information on how the staking process would work, it would be quite different from its successors. Looking at the DEX bridge point of view, it has the potential to grow like the ShibaSwap. That would be glorious to watch.
Big Eyes Coin (BIG) staking follows the principles of its vision toward DeFi advancement. That is its launch into the world of NFTs. Big Eyes Coin aims to allow its holders to mint and auction NFTs and perform transactions. These NFT collectibles are rumored to be rare.
Big Eyes Coin (BIG) will also hold NFT events for its holders to explore more NFT collectibles. There is NFT merch to win, activities to participate in and a lot of fun.
How to Buy the BIG Token
To access its presale portal, perform the following:
- Visit Big Eyes Coin’s official website
- Locate the ‘Buy’ section that will lead you to where you can purchase BIG tokens
- Create an active wallet if you do not have one
- Fund the wallet created with the number of tokens you wish to buy
- Approve your transaction
Big Eyes Coin (BIG) is versatile, giving its holders enough grounds to explore. It has a fun nature filled with fun community members. You could tap into Big Eyes Coin’s vision and be a holder. There are lots of NFTs and rewards to earn.
Also, the team behind Big Eyes Coin (BIG) has announced that they are doing a bonus tokens giveaway, to claim your bonus tokens, just use the code: BCUTE547 when buying BIG tokens.
To find out more about Big Eyes Coin (BIG), visit the links below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
