Arbitrum (ARB), a newly launched Ethereum-based layer 2 blockchain technology, aims to capture Polygon’s (MATIC) market with its optimistic rollup infostructure.
Arbitrum (ARB), a newly launched Ethereum-based layer 2 blockchain technology, aims to capture Polygon’s (MATIC) market with its optimistic rollup infostructure. At the same time, another brand new ERC-20 token, Big Eyes Coin(BIG), takes the crypto industry by storm with its cute innovative Loot cards.
What Is Layer-2 Blockchain Technology?
When cryptocurrencies came into existence there were only layer-one blockchain technologies such as Bitcoin and Ethereum. These base layers are called mainnet. But when cryptocurrencies emerged as an alternative to the traditional finance system, tech-savvy investors from across the world started investing in cryptocurrencies. As a consequence of this sudden crypto boom, and the mainnet’s priority on maintaining decentralization and security, the transaction fees and scalability of layer-one blockchains suffered.
Therefore, to improve the flexibility and scalability of the layer 1 blockchain, crypto companies are allowed to build layer 2 blockchains on mainnets such as Bitcoin and Ethereum. Due to low fees and high utility offered by layer-2 blockchains, crypto investors are starting to adopt them faster than expected. This has created a race among crypto companies to become the top layer 2 blockchain solution in the crypto market.
Polygon (MATIC)
Polygon (MATIC) is a layer 2 blockchain technology built on the Ethereum blockchain that enables blockchain networks to connect and scale. It improves the flexibility, scalability, and sovereignty of Ethereum-based blockchain projects while maintaining the security and structural benefits of the mainnet.
Launched in 2017, the platform aims to address the limitations of the Ethereum platform like high transaction fees and slow transaction processes. MATIC is an ERC-20 token that serves as a governing and utility token for the Polygon network.
Polygon (MATIC) allows users to process their transactions for a lower transaction fee of around $0.01. It also speeds up the process by using a consensus mechanism that completes the transaction confirmation in a single block. The average block processing time of the Polygon (MATIC) platform is 2.1 seconds.
Though it offers a great scaling solution for Ethereum’s limitations, its dependence on the mainnet affects MATIC’s performance in the market. If the Ethereum blockchain experiences any serious disruptions, the Polygon (MATIC) would lose its value. Due to this uncertainty, the price of MATIC has been experiencing a downtrend for the past year. The value of MATIC has decreased by more than 33% since March 2022.
Arbitrum (ARB)
While Polygon suffers a downtrend, Arbitrum (ARB), a brand new layer 2 blockchain technology built on the Ethereum mainnet, aims to fill the void left by MATIC with its ARB token.
Arbitrum (ARB) is a new layer-2 blockchain launched in March 2023. The platform aims to address the scaling issues on the Ethereum network by providing faster and cheaper transactions.
Arbitrum (ARB) uses an Optimistic rollup architecture solution that can handle up to 2,000 transactions per second on the Ethereum blockchain. ARB token has been performing well since its launch in the market. With a 1.5 billion dollar market capitalization, the ARB token was trading at around 1.21 dollars, at the time of writing.
Although MATIC has been in the market since 2017, the advent of ARB could disrupt its position in the market. Optimistic Rollup’s fraud-proof technology is expected to add more benefits to ARB and help it become a “MATIC killer”.
BIG NFT Collection Goes Live
Big Eyes Coin (BIG) is a brand new cute meme coin built on the Ethereum blockchain. The Big Eyes Coin ecosystem is powered by the ERC-20 BIG token, which is used for utility and governing purposes. The project team aims to shift the wealth into the DeFi system and also protect the oceans in the world.
In the 12th stage of the presale, Big Eyes Coin(BIG) has raised more than 33 million dollars. To encourage investors, Big Eyes Coin has recently released loot boxes ranging from $9.99 to $9,999, which could offer up to 1 million dollars worth of BIG tokens. Big Eyes Coin also gives a 250% bonus to investors who use BULLRUN 250 code on purchasing BIG tokens.
Recently, Big Eyes Coins, NFT project Sushi Crew announced that it will offer loot cards to the Loot Box buyers which can be minted as NFTs. These newly minted NFT cards can be traded on OpenSea, the world’s first and largest web3 marketplace for NFTs and Crypto collectibles. Besides, every investor who buys a loot box will also receive a custom cute card along with BIG tokens.
This new loot card offer is creating hype in the crypto market, bringing investors to join in the Big Eyes Coin presale. Click the link below to learn more about Big Eyes Coin (BIG).
More information on Big Eyes Coin: Website, Telegram, Twitter, YouTube.