Big Eyes Coin (BIG) is a relatively new cryptocurrency that has been gaining popularity in recent months. It is often compared to two of the most well-known and widely-used cryptocurrencies, Bitcoin (BTC) and Dogecoin (DOGE). In this article, we will take a closer look at Big Eyes Coin and explore its similarities and differences with Bitcoin (BTC) and Dogecoin (DOGE).
Bitcoin (BTC) is the first and most well-known cryptocurrency. Bitcoin uses a decentralised peer-to-peer network and a proof-of-work consensus mechanism to validate transactions. It has a limited supply of 21 million coins.
Dogecoin (DOGE) on the other hand, was created in 2013 as a joke by two software engineers, Billy Markus and Jackson Palmer. Despite its origins as a meme, Dogecoin (DOGE) has gained a significant following, and its price has risen dramatically in recent months. Dogecoin (DOGE) uses a proof-of-work consensus mechanism and has no maximum supply limit.
Big Eyes Coin (BIG) is a newer cryptocurrency that was created in 2020. It is based on the Scrypt algorithm, which is designed to be resistant to ASIC mining. Big Eyes Coin (BIG) also uses a decentralised peer-to-peer network and a proof-of-work consensus mechanism. Big Eyes Coin (BIG) has a maximum supply limit of 2 billion coins.
One of the main differences between Big Eyes Coin (BIG) and Bitcoin (BTC) is the supply limit. Bitcoin (BTC) has a maximum supply limit of 21 million coins, while Big Eyes Coin (BIG) has a maximum supply limit of 2 billion coins. This means that there is a much larger potential for inflation with Big eyes coin (BIG) than with Bitcoin (BTC). However, this also means that Big Eyes Coin (BIG) may be more accessible to a larger number of people, as the price per coin is much lower.
Another difference between Big Eyes Coin (BIG) and Bitcoin (BTC) is the mining algorithm. Bitcoin (BTC) uses the SHA-256 algorithm. Big Eyes Coin (BIG), on the other hand, uses the Scrypt algorithm. This means that Big Eyes Coin (BIG) may be more accessible to a larger number of people, as it is easier to mine using a standard computer.
Big Eyes Coin (BIG) and Dogecoin (DOGE) have many similarities, both were created in recent years, and both use a proof-of-work consensus mechanism and a decentralised peer-to-peer network. Both also have a relatively low price per coin and a large maximum supply limit. However, there are some crucial differences between the two.
One of the main differences is the purpose of the coin. While Dogecoin (DOGE) was created as a joke and has a strong following in the meme community, Big Eyes Coin (BIG) is a more serious coin with a specific use case. Big Eyes Coin (BIG) is designed to be used as a currency for online transactions, while Dogecoin (DOGE) is primarily used as a speculative investment.
Another difference is that Dogecoin (DOGE) has no maximum supply limit, meaning that there is no limit on the number of Dogecoin (DOGE) that can be mined. Big Eyes Coin (BIG), on the other hand, has a maximum supply limit of 2 billion coins. This means that there is a limit on the number of Big Eyes Coin (BIG) that can be mined and a potential for scarcity in the future.
To conclude, Big Eyes Coin (BIG) is a newer cryptocurrency as compared to the established Bitcoin (BTC) and Dogecoin (DOGE). Within a short span of time the Big Eyes Coin (BIG) has gained not just a good amount of popularity but also raised $27 million in its presale. Looking at the numbers, it can be said that it will give a fair competition to both Bitcoin (BTC) and Dogecoin (DOGE).
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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