Crypto mining is a method used by Bitcoin (BTC) where miners solve complex coded mathematical sequences using a computer. It is a process of adding blocks of validated information to a chain of other similar blocks, hence the name blockchain. Crypto staking, on the other hand, relies on validation by a different principle. It also allows users to earn passive income on their digital assets without having to sell them.
Avalanche (AVAX) uses a proof-of-stake consensus mechanism which it attributes to being a “super-fast, inexpensive and environmentally friendly” service. Big Eyes Coin (BIG) is developed on the Ethereum (ETH) blockchain, so it is currently Proof-of-Work, however, the Ethereum 2.0 merger will see it move to Proof-of-Stake.
Big Eyes Coin (BIG) benefits from the Ethereum 2.0 merger
Big Eyes Coin (BIG) has started its journey to become the leading meme token in the market. It aims to protect our oceans while moving money into the DeFi ecosystem.
Big Eyes Coin (BIG) releases 90% of its tokens to the public upon launch. Moreover, Big Eyes Coin (BIG) is on a mission to save the global ecosystem. The shift to crypto staking will be beneficial for the platform, as crypto mining uses massive amounts of electricity. This may be the reason Big Eyes Coin chose Ethereum, the merger should be in full effect when Big Eyes Coin launches.
The Original Proof of Work Platform – Bitcoin (BTC)
Bitcoin (BTC) was the first cryptocurrency to use blockchain technology. It was established in 2009 and has exposed crypto to the world. It solved the problem of transferring value in a decentralized and secure way.
Bitcoin (BTC) rewards its miners for donating their computer systems for crypto mining, they compensate you for your troubles, which helps miners earn money. Mining itself is also very profitable. Crypto mining also helps keep the network trustworthy and secure.
Bitcoin (BTC) is currently experiencing a small positive trend. It is up almost 5% in the past seven days at the time of writing. Demand is the main reason Bitcoin is rising, and while demand is on the rise, this could be a great time to trade.
The Fastest Proof of Stake Platform – Avalanche (AVAX)
Avalanche (AVAX) uses the popular Proof-of-stake consensus algorithm. With the use of subnets, Avalanche can process an incredible number of transactions per second. It is also power efficient as it is CPU-Optimal, using approximately 90% less power than Proof-of-Work platforms.
Avalanche (AVAX) is arguably the fastest smart contract platform in the blockchain industry. The crypto staking platform also offers its users an alternative way to passive entry, staking. Staking locks in your tokens to support the network, and in return you receive monetary compensation or increased network utility!
Avalanche (AVAX) has established NFTs, a decentralized exchange and strong partnerships with Andretti Formula E to reach a whole new audience. It is currently up 5.82% in seven days at the time of writing. The management team is good and the project is even better, Avalanche is destined to do well this year.
When it comes to crypto mining, it all depends on your setup. If you are mining a solid setup, mining could prove to be very beneficial for you as you are compensated by the software team as well as the crypto you are mining.
However, crypto staking seems like the way to go for most people. It is environmentally friendly, inexpensive and extremely fast. Big Eyes Coin (BIG) can take advantage of the Proof-of-Stake platform of Ethereum (ETH) when it launches this year. A strong community coupled with good service is a recipe for success in the crypto world, beware of Big Eyes Coin