Introduction
Lately, the crypto market has flourished to a great extent. Crypto traders or digital coin investors are highly interested in the crypto industry. That’s why thousands of new and futuristic cryptocurrencies have come to the forefront today. For instance, Big Eyes Coin, also popularly known as BIG, has a frisky start in cryptocurrency. It’s the latest crypto coin that has high competition in the market. For the pre-launch campaign, BIG amassed more than $27.18 million. For more, check out the link to learn everything about bitcoin-revolution.Software
Crypto Investments in 2023
We are already acquainted with the fact that Bitcoin has been the crypto market leader since the beginning. At present, the market capitalization of cryptocurrency is $427.52 billion, the highest in the crypto market. Investors and crypto enthusiasts will be more interested in cryptocurrency in 2023 because of technological advancements.
Cardano, also known as ADA, is one of the most extensive cryptocurrencies. It has a market capitalization of $13.32 billion. On the one hand, new cryptocurrencies have added to the digital market stake. However, on the other hand, security and privacy are still concerns for beginners in crypto trade and investment.
Which of the three most popular cryptocurrencies—Bitcoin, Big Eyes Coin, or Cardano—is the best choice regarding security and privacy? Let’s find it out.
Bitcoin: The Leader of Cryptocurrencies
Since 2009, Bitcoin (BTC) has been in complete existence. Bitcoin is the first decentralized cryptocurrency introduced to the market as open-source software. Users using BTC can send and receive payments without being obliged to the intermediaries.
Bitcoin relies on distributed ledger technology to offer safety to its users. The technology is called the blockchain. In terms of security, BTC is highly safe. How? Because here, no single entity or government authority dominates. Moreover, blockchain ledger technology calls for its ‘security.’ Using the blockchain, every single transaction gets recorded.
Bitcoin is quite a winner in security, but it’s different regarding privacy. Every single transaction on BTC is public. An observer can easily trace it for various purposes. The Bitcoin blockchain is 100% transparent. So, the entire details of the trade via BTC and the exact amount being sent or received are public.
Big Eyes Coin: An Advanced Cryptocurrency
Big Eyes Coin (BIG) is the cat-themed meme coin emerging as an innovative player in the crypto market. The digital coin is among the top 10 when considering the two subjects, i.e., innovation and technology. It’s giving tough competition to Bitcoin and other digital currencies. Why? Because it claims to offer more privacy and security to its users.
Transaction records in Big Eyes Coin are protected for users. This is done with the help of privacy-focused technology, zk-SNARKs. So, if you opt for BIG to trade or invest in crypto, you can easily send or receive money without revealing your identity.
The privacy policy and the security mark add to Big Eyes Coin’s popularity. BIG gained amazing presales just a few times, i.e., above $27 million and counting. The only similarity between BTC and BIG is the security feature. Big Eyes Coin relies on a decentralized network like Bitcoin for secure transactions.
Cardano: The Biggest Cryptocurrency by Market Cap
The third-generation crypto coin, Cardano (ADA), has unique features that mark up its security and versatility. Crypto enthusiasts find all the solutions in terms of security and privacy that have already bothered them.
Cardano is popular in the digital market because this decentralized currency has a mind-blowing algorithm. It’s called ‘proof-of-stake.’ So, every transaction is protected and secured to prevent fraud.
The energy exhaustiveness of Cardano’s proof-of-stake algorithm is less when compared to Bitcoin’s proof-of-work algorithm. Henceforth, the former is more environmentally friendly and less inclined toward centralization.
Speaking of privacy, Cardano can replace Bitcoin. The modern technology it relies on is ‘Ouroboros Hydra.’ Users can indulge in digital transactions without the need to indicate their identity. So, no transaction is traceable.
Conclusion
In conclusion, BTC, BIG, and ADA all have some benefits and drawbacks regarding security and privacy. And so, which one you choose for trading purposes is solely subjective. However, you can opt for Big Eyes Coin because the privacy and security it offers are unmatched. So, go for your digital currency investment now!
