The technology behind blockchain is constantly expanding and developers are tirelessly working to find innovative solutions to enhance its overall usability and experience. Two of these solutions, Polkadot (DOT) and Cosmos Hub (ATOM) were developed to address these challenges by linking various blockchains together to function as a single entity. The Web3 realm has proven to be advantageous for blockchain technology as it offers potent data analysis capabilities.
Although Polkadot and Cosmos Hub offer comparable services, they differ in market capitalization. This leads to the question of whether one of these networks is overvalued while the other is undervalued? Moreover, this article will specifically delve into Big Eyes Coin (BIG), a novel cryptocurrency that provides its users with a range of capabilities that aim to create an unparalleled user experience.
Polkadot (Dot) – Harnessing The Capabilities Of Interoperability, Scalability, And Security
Polkadot is a blockchain network developed by Ethereum co-founder Gavin Wood that facilitates seamless connectivity between private and public blockchains and oracles. Its hybrid consensus system consists of two components, GRANDPA and BABE, which respectively enable finality and faster block generation to reduce the risk of transaction slowdowns.
The three primary functionalities of Polkadot are interoperability, scalability, and security. Interoperability resolves the current disconnect between independent blockchains, allowing them to interact with data and assets on other blockchains to promote a trustless ecosystem and improve overall efficiency. Scalability is achieved by running multiple para chains in parallel to eliminate the bottleneck of sequentially processed transactions. In terms of security, Polkadot creates a security pool by enabling individual chains to leverage their existing security and strengthen their weak points using security resources provided by the Polkadot relay chain. In the future, the Polkadot network’s upgraded model could enhance scalability by up to 10,000 times more than a current Proof-of-Stake system.
Atom: Cosmos Hub’s Inter-Blockchain Communication (IBC) Allows For Parallel Blockchains
Cosmos Hub is a decentralized system that comprises autonomous, interconnected, and parallel blockchains united by an Inter-Blockchain Communication (IBC) model. This architecture allows Cosmos Hub to establish a connection to other blockchains such as Bitcoin and Ethereum, boosting overall connectivity.
The Cosmos Hub utilizes application, consensus, and networking protocols to facilitate seamless communication between the interconnected blockchains in the ecosystem. The Tendermint Byzantine Fault Tolerance (BFT) algorithm powers the connection between layer 1 blockchains, enabling multiple blockchains to engage in synchronous Proof of Stake (PoS) activities via common functionality. One significant difference between Cosmos Hub and Polkadot is that the former does not offer unified security, which could potentially be a weakness of the network.
Big Eyes Coin Emerges As A New Challenger To Dogecoin And Shiba Inu
Big Eyes Coin has emerged as a new contender in the cryptocurrency market, rapidly gaining ground against other well-known coins like Dogecoin (DOGE) and Shiba Inu (SHIB). Its distinct attributes provide investors with significant returns during the presale period. The platform has raised $33 million of its $50 million target, indicating the confidence of its investors.
The platform also features loot boxes that range in cost from $10 to $10,000 and offer prizes worth $500 to $1 million. These boxes can be unlocked using the code BULLRUN250, which provides users with a 250% bonus.
Big Eyes Coin has also launched an NFT collection on OpenSea, allowing users to collect, mint, and trade NFTs for an additional reward. The platform is also committed to charitable causes, pledging 5% of its total earnings to an ocean conservation organization, providing investors with an eco-friendly investment opportunity.
While both Polkadot and Cosmos Hub are valuable cryptocurrencies, they possess different capabilities. Polkadot provides a more comprehensive experience, with unified security and the ability to transfer data and tokens, while Cosmos Hub lacks these features. Meanwhile, Big Eyes Coin stands out with its unique characteristics, satisfying returns, and social responsibility commitment.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL