Ethereum and Big Eyes Coin Prove that Decentralised Finance is the Future

Despite its rocky reputation, cryptocurrency's disconnection from the government is a hugely enticing element. Fiat currencies like pounds, euros, and dollars, are all intrinsically linked to the government controlling them, keeping the power and decision-making away from their users. Bitcoin stormed onto the crypto scene in 2009 with a solution to this – Decentralised Finance (DeFi). After Bitcoin's creation, Ethereum (ETH) was made in 2013, proving that this new finance system is here to stay.

Defi has since become hugely popular, with hundreds of cryptocurrency coins popping up based on this system. A new coin, Big Eyes Coin (BIG), has just announced its presale and is proving to be very popular. So, is now the time for you to take a leap into defi?

What Does Defi Really Mean?

Defi is an alternative to our traditional banking system, which Ethereum (ETH) describes as 'opaque, tightly controlled, and held together by decades-old infrastructure and processes.' Instead, you are granted control, visibility, and exposure to global markets. They're also often owned and operated by their users!

Anyone with an internet connection can join Defi currency as there are no centralised authorities to block payments and deny user access, making finance like Ethereum (ETH) open and available to all. In the modern world, millions of people can't open bank accounts and experience blocked payments. Ethereum (ETH) has a system that 'never sleeps or discriminates'. Just an internet connection enables you to send, receive, borrow, earn interest, and even stream funds in any location around the world.

Decentralised finance is much safer than traditional banking because using the blockchain adds thousands of layers of protection. Coins like Ethereum (ETH) are also handled by code that can be continuously inspected. With Ethereum (ETH) the automated system removes the risk of human error and speeds up the payment process.

How Does Big Eyes Coin Compare to Ethereum?

The new cryptocurrency Big Eyes Coin (BIG) is a decentralised finance that's causing quite a stir. With Big Eyes Coin (BIG) there is no buy tax, no sell tax, and no fees. 90% of the coins will be available on day one and their slogan 'no dogs, no masters' (they are a cat-themed coin), proves that they have a community focus. Big Eyes Coin (BIG) will be a transparent, open, and available coin to all, much like Ethereum (ETH).

One way that Big Eyes Coin (BIG) and Ethereum (ETH) differ is in their community drive. Although Ethereum (ETH) clearly asserts a commitment to its community, Big Eyes Coin (BIG) takes this drive one step further. They have created an NFT Sushi Crew, which is a club for NFT holders, providing access to events and merchandise. Also differing from Ethereum (ETH), is Big Eyes' storyline aspect. They have a character with a personality and a history for users to engage in. This drives a community camaraderie within those using this decentralised finance, bonding them together. Unlike Ethereum (ETH), Big Eyes Coin (BIG) also clearly states an interest in charity support, announcing that it will donate 5% of coins to an ocean charity – an unachievable goal in traditional finance.