Analyzing The Potential Of Big Eyes Coin As An Up-and-Coming Altcoin, In Comparison To Chainlink And OXB

19 April 2023

in DOT

Reading Time: 4 mins read

The blockchain industry is rapidly evolving and presenting new advancements and innovations regularly. Oracles are a vital aspect of the blockchain ecosystem as they enable smart contracts to interact with real-world information.

In this piece, we will examine and contrast two of the most sought-after oracles in the crypto industry – Chainlink and OXB- and explore how Big Eyes Coin (BIG) could be a valuable consideration for investors who seek the next significant breakthrough in DeFi.

Chainlink: Pioneering the Way as the Leading Company in the Industry

Chainlink (LINK) is a widely known and extensively used decentralized oracle network in the cryptocurrency industry. It ensures a secure and dependable link between smart contracts and external data sources. Sergey Nazarov and Steve Ellis established Chainlink in 2017, and it is constructed on top of the Ethereum blockchain.

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Chainlink’s decentralized feature is one of the primary reasons for its immense popularity. Its network is composed of a vast number of nodes that collect data from various sources like APIs, websites, and IoT devices. These nodes receive LINK tokens as incentives for providing precise data. Additionally, Chainlink’s architecture is incredibly scalable, enabling it to manage vast amounts of data and multiple requests.

Several blockchain platforms, such as Ethereum, Binance Smart Chain, and Polygon, use Chainlink due to its versatility and reliability. It can provide external data for various applications, including finance, gaming, and insurance. This flexibility and efficiency have contributed to Chainlink’s broad appeal and widespread adoption.

Exploring OXB as a Rising Star in the World of Oracles

OXB is a newly established oracle that entered the market in 2021. Despite its brief tenure in the industry, OXB has managed to generate attention by reaching a peak of $2.06 in February. Similar to Chainlink, OXB utilizes a network of nodes to acquire and verify data from various sources.

OXB’s primary benefit is its emphasis on the Polkadot network, which is a multi-chain platform created for interoperability. By integrating with Polkadot (DOT), OXB can provide data to several dApps on the network, particularly in the DeFi sector. Furthermore, OXB features staking, allowing users to earn rewards for providing precise data to the network.

A Comparative Analysis of Chainlink and OXB: Which Oracle Network Reigns Supreme?

Although Chainlink and OXB share similar architecture and functions, they exhibit some notable differences. Chainlink’s market dominance and popularity make it a well-established player with a proven history of providing dependable external data to dApps.

OXB’s unique selling proposition lies in its focus on the Polkadot (DOT) network, allowing the oracle to tap into various dApps and use cases. However, as a relatively new player in the industry, OXB has yet to demonstrate its full potential.

Despite these distinctions, both oracles can bring significant value to the industry, particularly in the DeFi space. With the blockchain ecosystem’s continuous evolution, the need for secure and trustworthy oracles will only increase, making Chainlink and OXB valuable contributors in the industry.

Big Eyes Coin Concludes Successful Presale with Generous Bonus

The upcoming launch of Big Eyes Coin (BIG) on an exchange has generated extensive attention and support from investors. The project team has declared that the presale will come to a close on June 3rd. BIG has already raised over $33 million, making it the most extensive meme coin presale to date, which is a significant achievement.

This triumph illustrates the growing fascination with meme-inspired cryptocurrencies and their potential to attract substantial investments and support from the cryptocurrency community.

The Big Eyes Coin (BIG) team has unveiled its newest and most impressive bonus code to date, currently available. Investors can benefit from an outstanding 300% bonus for a limited time by using the code “END300”. This means that $1,000 can now purchase $4,000 worth of BIG tokens, providing an excellent opportunity to invest in this exciting project before its launch.

Although Chainlink is the most prominent player in the oracle space, Big Eyes Coin offers a new and exciting feature that could make it the next significant breakthrough in DeFi. By leveraging Chainlink oracles, its smart contracts are securely connected to real-world data, making it a trustworthy and safe investment for individuals seeking to join the next big thing in DeFi. As the cryptocurrency market continues to expand and develop, it is worth monitoring Big Eyes Coin and its potential for success.