Big Eyes Coin, Hex Coin and Near Protocol

(ANI/ATK): The condition of major industries in the world changed for the better with the introduction of Blockchain technology. Starting with finance, the introduction of cryptocurrencies and Blockchain technology led to an evolution in industry operations, leading to improvement and efficiency.

Businesses and individuals no longer have to rely on centralized authorities for decisions, actions and the implementation of policies that can affect them and their finances. For example, players have free reign over their in-game assets, which they can exchange for real currency thanks to Blockchain technology.

Here are three crypto projects that are part of global industrial development: Big Eyes Coin (BIG), Hex Coin (HEX) and Near Protocol (NEAR).

Big Eyes Coin (BIG): The token that aims to represent the meme industry with evidence-based hype. The crypto world is not fun without meme coins, and since the introduction of meme tokens like Dogecoin, the crypto community has seen more users and even more innovation. Big Eyes Coin (BIG) is the latest community oriented meme token in the crypto community.

With over $10,000,000 raised at the time of writing, the meme token has generated a lot of popularity while in its presale stage. The token provides the user community with a variety of features designed to create wealth and provide entertainment.

Some of these features include a tax-free system for transactions and Big Eyes Swap, a decentralized exchange with back-end systems and tutorials to simplify the process of Blockchain transactions. NFTs will also be a large part of the Big Eyes (BIG) ecosystem, with the network targeting projects that will rank at the top and be among the most valuable in the NFT market.

Big Eyes NFT Sushi Club will be for Big Eyes NFT holders and these holders will have access to exclusive events held by the network. Holders of Big Eyes Coin (BIG) will have voting rights and take part in the network’s operational activities.

Hex Coin (HEX) is the Blockchain version of Bank Fixed Deposit

Hex Coin (HEX) was created as a high interest certificate of deposit (CD) operated on the Blockchain.

The cryptocurrency uses a different type of consensus mechanism known as the Proof-of-Wait (PoWa) protocol, which allows holders of the HEX token to stake their tokens in the network’s smart contract and earn interest on the investment.

The holders have to wait a certain amount of time before they can withdraw their tokens in the smart contract with interest.

The sending and receiving of HEX tokens, which are part of the transaction layer of the HEX network, are handled by the Ethereum (ETH) network, while consensus and staking are handled by the HEX smart contract.

The transaction processing engine used by the HEX Network can handle over 2,000 transactions per second, and since the network uses Ethereum (ETH) security, it is faster, safer and cheaper to perform transactions.

Users can get HEX tokens in two ways: either by converting ETH tokens to HEX tokens or buying HEX tokens on major exchanges.

Near Protocol (NEAR) Brings Fast Transaction Speeds to Blockchain Industry Near Protocol (NEAR) is a Blockchain network that provides a platform where Blockchain developers can successfully build their decentralized applications (dApps). Near Protocol (NEAR) is considered a faster and cheaper alternative to Ethereum (ETH) as it has developed technology to enable cheap transactions that are almost final. The network uses a new technology called Sharding. This process breaks up the network into what are called subchains. These subchains have validators working with each of them and are regularly connected.

Near Protocol (NEAR) goes further by turning itself into a fully-sharded network using Nightshade, which increases transaction volume. The protocol uses a Proof-of-Stake (PoS) consensus mechanism and claims to offer infinite scalability. This means that transaction volume can increase indefinitely without affecting network performance. The NEAR token is the native token of the network used for staking and users are rewarded with the same token.

Big Eyes Coin gives users an additional 5 percent worth of tokens with the code: BCUTE751

Article

Decentralized finance enables investors to access financial products on a blockchain network.

First published: 5 December 2022, 20:04 IST

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