Cryptocurrency, is a digital currency used to make payments online, is not backed by any government or central bank, and functions according to different rules and principles than traditional currencies.

A significant number of these cryptocurrencies were designed specifically to compete with Bitcoin (BTC) but the fact remains that these cryptocurrencies have the potential for future growth even though there are numerous cryptocurrencies already in existence, each with its technology and advancements, is the most crucial factor to consider.

The security of cryptocurrencies became a hot topic as a result, but the possibility that it may revolutionize the global financial system could not be ignored. Cryptocurrencies were developed as an answer to the issues plaguing the banking and finance sectors, such as the high cost of international transactions, the difficulty non-banking individuals have in gaining access to banking services, and the expense of sending money home to family members who live abroad.

The more advanced our civilization gets, the more cryptocurrency we’ll need. Let’s take a look at three coins in the cryptocurrency market that aim to address specific issues: Big Eyes Coin (BIG), Shiba Inu (SHIB) and Polygon (MATIC).

Big Eyes Coin And Its Supportive Community

Big Eyes Coin isn’t simply another meme coin; it’s an actual community token to protect a vital element of the global ecology by donating 5% of its profits to ocean-related activities like marine life preservation.

The goal of Big Eyes Coin is to provide its clients with more than the superficial humor of a meme currency.

By making the most of the Big Eyes Coin community tokens, users can build substantial wealth.

 Big Eyes Coin’s cat is a staple mascot of the Japanese animation industry. Due to its drastic divergence from the dog-based themes that have grown prevalent among meme coins, it has attracted the attention of people who are interested in both cryptocurrencies and cat lovers. This is because it breaks away from the trend of dog-related meme coin themes.

People are encouraged to join the community by offering them opportunities to play engaging and addicting activities that poke fun at feline traits. The Big Eyes Coin population plays a significant role in determining the direction of ecological change. Players in Big Eyes Coin can communicate with both other players and cats.

Plus, new investors can use the code BCUTE283 to gain a bonus on their coin purchase.

They constructed it on top of the Ethereum Blockchain Network, similar to the construction of many other cryptocurrencies. It is a meme coin that was established as a competitor to Dogecoin and given the nickname “Dogecoin-Killer.”

Shiba Inu is well known in the industry for its ability to facilitate decentralized community creation. It is now the second-largest meme coin by market valuation. The token, which is indigenous to the Shiba Inu cryptocurrency project, plays an important part in an ecosystem that also includes a decentralized exchange platform known as ShibaSwap. Also makes several crypto processes easier to do, including network governance, user interaction, and payment fees, and it incentivizes the network.

Polygon Provides Scalability And Lowers Fees

Polygon is a blockchain scaling platform that links and builds blockchain networks that are compatible with Ethereum. Before its rebranding, Polygon was known as the Matic Network.

Polygon provides a comprehensive selection of scaling architecture alternatives for Ethereum, including the Plasma Chain and the Matic PoS chain, amongst others.

This leads to significantly lower gas fees as compared to using Ethereum directly, and since Polygon is capable of reaching 10,000 transactions per second, it is one of the networks that is the fastest.

Big Eyes Coin (BIG)

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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The blockchain network and all its crypto creations are so different from the real world, so far away from us that it’s not touching anything beyond our screen.
 
Yet the world of cryptocurrency is not only reserved for our digital money and pooling digital signatures. The use cases for some of these projects are reaching beyond the finance barrier and assisting our daily activities, changing how we do things.

So here are two projects, Cardano (ADA) and Keninah Concord (KEN), geared towards bringing the light to this ecosystem and solving way more than our money problems.
 
Cardano (ADA) Transforming The Government 

Cardano (ADA) was built by an IOHK team, spearheaded by a former Ethereum (ETH) team member, Charles Hoskinson. The project was launched in 2017 with the initial aim of improving Ethereum’s (ETH) shortcomings. But the project has gone beyond that, with it now being implemented alongside government projects.
Due to the transparent nature of the blockchain, the speed of transactions, and the interoperability which allows easy data transfer from one platform to another, the founder of Cardano (ADA) believes it’s time for some governmental upgrade.

When a citizen pays taxes, the nature of its use, the accounts it passes through, and a lot more information are kept secret from them. Then imagine the taxes paid and transactions of the government were open-source and accessible to all the nation’s members. Imagine the pivotal institutions that affect the lives of the citizens were not centralized but decentralized.

Imagine the governmental process was permission-less, capable of processing transactions at the speed of Cardano (ADA). All with seamless real-time access to information across platforms and borders.

Instead of a system of centralization with waste and abuse, Charles Hoskinson proposes a radical transformation in our public space.

Keninah Concord (KEN) Transforming Benevolence

It is not news that many people abuse profit in “charity” organizations, where funds seem to vanish into a black Benz or a diamond necklace. Yet the intended source that seems to need this money is left with limited funds.

Recent global events surrounding Ukraine, Syria, and even South Sudan have become more important for instant aid relief, which is necessary for victims of war. That is where Keninah Concord (KEN) comes in.

The project aims to bring the transparency of blockchain transactions to the charity space. The aim is to reduce, if not eliminate, people profiteering from others’ suffering and ensure that acts of goodwill reach their rightful targets. The project is built on the Binance Smart chain (BSC), utilizing the speed and simplicity of the blockchain network.

It is a community-based platform that ensures those who need it can assess funds through the donations of well-meaning members of humanity. 

With the heavy sanctions around Russia and Ukraine, an estimated $60 million worth of crypto has been donated to the government, most of which has been used to purchase weapons and medical supplies.

The team’s benevolence extends to its presale as Keninah will offer an 11% bonus to users who buy the token with USDT and BTC. There are also varying bonuses for other tokens. 
Further, the Keninah Concord (KEN) team rewards community members for referrals. When a user refers a friend, both the referrer and the referee get a bonus.

For every $100 used to buy the KEN token, the referrer and referee get a $30 bonus. Users who buy within 30 minutes of registering also get a 40% bonus disbursed in KEN.

The future is approaching each day, and our current future is the blockchain and its real-life applications, allowing us to augment daily procedures affecting our lives positively.

Keninah Concord (KEN)

Presale: http://join.keninah.io/ 
Website: http://keninah.io/ 

The Financial Stability Board (FSB), a multinational Think Tank that provides policy recommendations to the G20 has highlighted the importance of stablecoins and Central Bank Digital Currencies (CBDCs) in the pursuit of a functional global remittance network. In its latest report, the body highlighted the challenges that surround cross-border payments which range from high transaction fees to significant delays, and it proposed a number of workable solutions to combat these flaws.

“This report presents a roadmap to address the key challenges often faced by cross-border payments and the frictions in existing processes that contribute to these challenges,” the FSB report reads, “These challenges, namely high costs, low speed, limited access, and insufficient transparency, affect end-users and service providers, though not all in the same way. Individuals and small companies face particular challenges with retail cross-border payments, and financial inclusion remains a challenge for many, especially in emerging markets and developing economies.”

In profiling the proposed functions of stablecoins, the FSB is set to proffer a recommendation to the right bodies to “ make any revisions to standards and principles or provide further guidance supplementing existing standards and principles in light of the FSB Report and following their review of their existing frameworks, including on cooperation, coordination and information sharing amongst authorities.” This recommendation is expected to span till the end of the year.

The recommendation of stablecoins as viable tools in future cross-border transactions is also expected to be bolstered by national authorities who, according to the FSB, are expected to change their oversight frameworks over the digital tokens by July 2022.

CBDCs to Focus on Interoperability

With more than 110 nations notably at various stages in their CBDC developments, the FSB is coming with a recommendation that will “enable access and interlinking” these sovereign national monies, in their bid to contribute to facilitate cheaper payments amongst nations.

Many consumers around the world depend on privately issued digital currencies including Bitcoin, Ethereum, and Cardano for payments today. This adoption has grown in the past few years with a significant boycott of traditional payment service firms that profit off consumers with their systems. 

The FSB and its allied organizations have recognized these trends, and are determined to stump the adverse payment situations, but without the more volatile digital currencies in its proposed scheme or framework as they could pose financial stability challenges according to the International Monetary Fund (IMF).

About Author

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin