Place/Date: - December 10th, 2022 at 2:13 pm UTC · 4 min read
Source: Big Eyes Coin
Cryptocurrency is a fascinating dichotomy. On one hand, critics claim that the lack of regulation is unfavorable, and cryptocurrency is used to support money laundering and terrorist activities. If you peruse through resources online, detractors of digital assets are effectively running a smear campaign against cryptocurrency.
On the other hand, governments, banks, and payment processors are coming to terms with cryptocurrency. All parties are seeking ways to incorporate cryptocurrency into their affairs, legitimizing it in the process. In one way or another, countries are reacting to the phenomenon. For example, Japan has recently updated six laws to counter money laundering through cryptocurrencies.
Based on accounts shared by local media, the Japanese government has amended half a dozen laws associated with the Foreign Exchange Act to stem potentially illegal activities. As a result, cryptocurrency exchange companies will have to deal with additional checks, penalties, and more. First-world countries like Japan, the United States, and others are adopting measures to deal with cryptocurrency, emphasizing that digital assets are the future. If you share that opinion, we suggest looking into the following tokens:
Polkadot is an open-source sharded multi-chain project that connects a network of unique blockchains. The platform supports the cross-chain transmission of tokens, data, and asset types. In essence, DOT makes blockchains interoperable with each other. Polkadot was created to accommodate a decentralized internet of blockchains, formally known as Web 3.0.
DOT is known as a layer zero metaprotocol since it functions like a network of layer one blockchains called parallel chains, or parachains for short. The platform can update its codebase in a forkless and autonomous fashion. The upgrade is possible because of on-chain governance, where token holders determine the outcome of each implementation.
NEAR Protocol is a layer one blockchain system that provides a community-led cloud platform. NEAR eradicates the limitations faced by previous blockchains, such as low speed, lackluster interoperability, and poor throughput. In simpler words, NEAR Protocol is the perfect setting for creating decentralized applications (dApps).
The developer and user-friendly platform utilize human-readable account names, in comparison to Ethereum’s cryptographic wallet addresses. In addition, NEAR boasts a consensus mechanism called “Doomslug,” which allows the platform to solve scalability concerns. NEAR is the brainchild of NEAR Collective, a community that is updating the original code and providing updates to the NEAR ecosystem.
The technical aspects of Big Eyes Coin (BIG) are relatively straightforward, compared to the tokens mentioned above. The platform packs two principal features, the first of which is focused on decentralized finance (DeFi). BIG allows users to move their assets into the DeFi ecosystem.
Secondly, Big Eyes Coin is known as a community token, which means its concentrates on charity endeavors. In this case, the subject of welfare is the oceans of the world. Every time a transaction is settled, a part of the funds involved will be reserved for the conservation of the oceans.
And investors can passively do their bit to help the environment by using the code BCUTE709 for a coin bonus.
There may be some chopping and changing in the cryptocurrency industry in the coming months. The market has been rattled by a devastating crash. As we move past the collapse, countries are making moves to utilize cryptocurrencies. Either way, it’s an exciting time to be involved with cryptocurrencies. If you want to buy an exciting token, you can download MetaMask and purchase Big Eyes Coin by card or with Ethereum.
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