Can Litecoin and Ethereum Survive the Latest Crypto Regulations? Big Eyes Coin Taking Advantage of Crypto Regulations Could See it 100x Within a Year

One of the major concerns surrounding cryptocurrencies, particularly those using the Proof-of-Work (PoW) mechanism like Bitcoin, is their impact on the environment. The energy-intensive mining and transaction processes have been criticised for contributing to high levels of carbon dioxide emissions, posing a threat to the environment. Additionally, the crypto market has witnessed its fair share of altcoins managed by questionable individuals, leading to centralisation issues and pump-and-dump schemes.

Regulators have been having a field day with cryptocurrency, with lawmakers being called to establish ‘Crypto Laws’ to tighten up regulations on unethical cryptos, and the SEC targeting centralised cryptocurrencies with litigations for security concerns. While it may seem as though the crypto market is on the brink of collapse, crypto adoption continues to grow from corporations, banks and governments. Let’s take a look at the way this can impact newer coins such as Big Eyes Coin (BIG).

Could Litecoin Be the Solution to Bitcoin’s Challenges?

Back in 2011, Charlie Lee introduced Litecoin as the ‘silver to Bitcoin’s gold,’ aiming to address some of the key issues faced by its predecessor. Lee’s vision for Litecoin was clear: create a cryptocurrency with a more energy-efficient mining process and significantly faster confirmation times, a mere 2 1/2 minutes compared to Bitcoin’s 10 minutes.

Despite being one of the veterans in the crypto world, Litecoin has an advantage that sets it apart from Bitcoin. Unlike Bitcoin, Litecoin’s creator, Charlie Lee, is actively involved in the coin’s development. This ongoing commitment allows Litecoin to adapt swiftly to the changing landscape of the crypto community, including navigating recent challenges like government regulations imposed by the SEC and growing concerns about sustainability.

Litecoin has made considerable strides in positioning itself as a viable alternative to Bitcoin. However, some outdated features continue to hinder its progress. One area of consideration is, the use of the proof-of-work mechanism, which poses challenges in terms of energy efficiency and for Litecoin in the future.

The Ongoing Debate on Ethereum’s Decentralization Post-Network Upgrade

Ethereum (ETH) played a pivotal role in pioneering the world of decentralised finance (DeFi), empowering users to mine cryptocurrency using their computers. However, Ethereum’s path took a significant turn with its Ethereum 2.0 upgrade, raising concerns among users about the future of decentralisation.

With the transition to Ethereum 2.0, the network bid farewell to the energy-intensive crypto mining process, opting for a new Proof-of-Service mechanism. This decision ignited a fiery debate, with some fearing that this move would compromise the network’s cherished decentralisation principles.

Introducing Big Eyes Coin: A Web 3.0 Ready Ecosystem Led by CEO Ahmed Yalom

Big Eyes Coin (BIG) may be newer to the crypto scene compared to Cardano, having launched in June 2023, but under the visionary leadership of CEO Ahmed Yalom, it has already made significant waves with over $36 million raised in pre-sales.

Unlike Litecoin and Ethereum, Big Eyes Coin stands out as a meme coin with all the playful and fun qualities that capture the attention of the community, just like DOGE and PEPE did upon their launch. BIG leverages the irresistible power of cat memes to attract its audience, while also upholding a strong commitment to sustainability and ethics, a vision championed by CEO Ahmed Yalom. The project utilises the PoS mechanism and allocates 5% of its total token supply to a charity wallet, supporting ocean sanctuaries—a nod to the source of delicious cat food!

On August 29th, 2023, with the guidance of CEO Ahmed Yalom, BIG is set to launch a gaming extravaganza with 14 P2E games and over 1,000 casino games, solidifying its position as an unmatched space for crypto enthusiasts seeking thrilling gaming experiences. The BIG tokens earned from the casino will hold significant value within the ecosystem, adding to the vision set forth by Ahmed Yalom. To enhance their worth, BIG will introduce an NFT marketplace and a vibrant social club, enabling users to buy, share, trade, and sell BIG-themed NFTs and more.

Nations and Banks’ Adoption of Blockchain Drives DeFi Growth

As banks and nations progressively embrace blockchain technology, it becomes increasingly evident that this revolutionary technology offers superior transaction capabilities compared to traditional financial systems. One significant milestone in this journey towards blockchain adoption is the recent partnership between J.P. Morgan, one of the world’s leading investment banking firms, and six major Indian banks. By joining forces for blockchain-based interbank dollar settlements, India is on the cusp of a banking revolution, positioning itself as a major player in the global financial arena. As blockchain technology becomes increasingly integrated into the fabric of economies, we can expect other countries to follow suit, recognising the advantages of faster, more secure, and cost-effective financial transactions.

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: Telegram: Contact @BIGEYESOFFICIAL

Instagram: https://www.instagram.com/BigEyesCoin/

Twitter: https://twitter.com/BigEyesCoin

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