Financial services and its sector is a very important part of the world today, and so must be taken seriously in advancements to benefit users in its space. Through various technological and technological phases, financial services have entered the era of blockchain technology and cryptocurrencies. Taking the world by storm in 2009 with the launch of Bitcoin (BTC), cryptocurrencies and blockchain technology have become household names.
Many cryptocurrencies have been created to serve different purposes for users. Yet, the focus is placed on Cardano (ADA), Quant (QNT), and Big Eyes Coin (BIG) to see how they can serve users in their transactional needs.
Cardano Provides Amazing Transactional Services
Cardano is a platform designed in 2017 by Charles Hoskinson to help the first cryptocurrency created, Bitcoin (BTC), reach its fullest potential by improving the system and mechanism it was built for. Through a Proof-of-Stake (PoS) consensus mechanism, Cardano can create a properly functioning system that helps users perform transactions and other services efficiently on the Cardano network.
The Cardano (ADA) cryptocurrency is the utility token responsible for all transactions on the Cardano network. Named after Augusta Ada King, a computer programmer, the Cardano token uses the Proof-of-Stake consensus to reward users who stake their Cardano tokens over different periods.
These rewards are calculated and distributed according to the number and period it was staked. Cardano tokens also find use in transactions (although fees are high) and give the community members the power to vote on pressing issues regarding the system.
How Will Quant Serve Users In Their Transactional Needs?
The Quant network is a decentralised Network that was designed in 2015 on the Ethereum blockchain network. Its mechanism was made in a way that enables users to exchange pieces of information over its network safely and conveniently. With its distributed ledger technology made to be a part of its system, problems encountered on its platform are solved easily to the benefit of its users. Using its utility token, Quant (QNT), users can access the Quant platform’s functionalities.
Multichain applications are not exempted from this, as it also shows the versatility which comes with the use of the Quant tokens. Through Quant tokens, users can interact on the network with the developers, team members, or other users as they wish. The circulating supply of Quant is 12,000,000, and its max. Supply is 14,000,000, but this does not help its drawback of having high transaction fees due to its Ethereum blockchain network.
Big Eyes Coin’s Features Will Secure Its Relevance In the Community
Big Eyes Coin (BIG) is a meme coin in the crypto space. Big Eyes Coin is a platform that was designed with an insight and vision of seeing the world of Decentralised Finance (DeFi) attain a level of glory and success unlike it has ever seen.
Being a core part of the world crypto economy today, works have been done to ensure that Decentralised Finance systems see advancements on their end regarding functionalities, technology, software, and mechanism to the benefit of users. Big Eyes Coin (BIG) also uses Non-fungible tokens (NFTs) in developing events and other related services to make users gain more out of the system.
As 90% of the total minted Big Eyes Coin tokens are being reserved for the community, there is sure to be a driving force of encouragement that will propel these community members to act faster in advertising and bringing more users into the platform.
To Sum Up
Attracting zero fees on transactions, Big Eyes Coin is sure to change the crypto game on transactions, showing value and prospects over Cardano and Quant.
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