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Cardano, Big Eyes, and Solana; The Three Cryptocurrencies Supporting Sustainable Action

18 October 2022
in Solano
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Cardano, Big Eyes, and Solana; The Three Cryptocurrencies Supporting Sustainable Action
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Learn about how Cardano (ADA), Big Eyes (BIG), and Solana (SOL) support the protection and preservation of our planet through sustainable actions and directives.

What is Cardano (ADA)?

Cardano is a cryptocurrency platform with a native coin ADA developed by Charles Hoskinson. Cardano (ADA) was launched in 2017 as a more efficient alternative to Ethereum. It is the first platform to be based on a proof-of-stake (PoS) system ahead of Bitcoin (BTC) and Ethereum (ETH). The proof-of-stake system on which Cardano runs is called the Ouroboros Consensus Protocol and is an extremely efficient method of transferring cryptocurrencies and minting NFTs.

Why is Cardano’s proof-of-stake (PoS) system more energy efficient than proof-of-work (PoW)?

The proof-of-work (PoW) system relies on miners solving complex mathematical puzzles, which use a lot of energy and equipment. In contrast, the proof-of-stake (PoS) system randomises and relies on a staking system which only requires holders to have staked a certain amount of ADA, which requires minimal energy.

How sustainable is Cardano (ADA)?

Cardano (ADA) foundations are built on a highly energy-efficient protocol which means it is already historically more sustainable than the majority of cryptocurrencies, namely Bitcoin (BTC) and Ethereum (ETH). Since its launch, it has continued to drive sustainable awareness and responsibility within the wider crypto community. In partnership with Veritree, the Cardano Foundation has committed to planting 1 million trees. The Cardano Foundation, in partnership with Veritree, has planted 350,000 trees at the time of writing.

Apart from planting trees around the world, the Cardano Foundation has also prioritised reaching Net Zero Carbon Emission before 2050, which is detailed in their 2021 sustainability report. Towards this outcome, they have successfully measured and offset their own firm’s emissions in 2021 and are on track to achieve Net Zero Emissions ahead of schedule. Cardano (ADA) is currently priced at $0.3734  with a market cap of $12,821,526,270.

What is the Big Eyes Coin (BIG)?

Big Eyes Coin (BIG) is a community token created to fill a cat-shaped hole in the meme coin market currently dominated by dogs. This meme coin is currently in its presale and racing through its stages, with an impressive $7.89 Million raised so far at the time of writing.

What is the purpose of the Big Eyes (BIG) meme coin?

Big Eyes is focused on introducing decentralised finance to the 99% of the world who haven’t yet been able to take advantage of this emerging technology. Big Eyes intends to create the easiest route to facilitate mass onboarding with its oh-so-cute meme coin and NFT collection, which will present future generations with an extremely attractive entry point into cryptocurrencies.

Big Eyes (BIG) wants to do more than just create wealth for its community; it plans to build a blockchain ecosystem that self-propagates for the all-important hypergrowth. Big Eyes intends to achieve this through NFTs, which offer holders access to events and unique content.

How Sustainable is Big Eyes Coin (BIG)?

Sustainability is at the core of Big Eyes Coin (BIG) tokenomics; 5% (10,000,000,000 BIG) of the total supply of BIG tokens is earmarked for charities intimately involved in protecting and preserving all life within our oceans and seas. These coins will be placed in a visible charity wallet and donated to a charity to be announced in due course. This means that when you are investing in Big Eyes Coin (BIG), you are simultaneously investing in the future of our planet!

What is Solana (SOL)?

Solana (SOL) is a blockchain platform based on the proof-of-stake and proof-of-history systems of validation, similar to Cardano (ADA). This platform was initially designed to host decentralised applications (dApps) and to be more scalable and efficient than Ethereum (ETH).

How does the Solana (SOL) staking system differ from Cardano (ADA)?

Unlike Cardano (ADA), Solana (SOL) uses the addition of the proof-of-history consensus, which allows it to process transactions more efficiently and in less time. The proof-of-history consensus allows for the timestamps to be applied automatically and very quickly to transactions.

How sustainable is Solana (SOL)?

In 2021 the  Solana foundation announced that it had achieved carbon neutrality thanks to its hard work offsetting its carbon footprint. A spokesperson for the Solana Foundation commented, “Our carbon neutrality initiatives, paired with Solana’s high-performance, energy-efficient design, means the community can build a sustainable web3 future for many years to come.”

Alongside this commitment to carbon neutrality, Solana has partnered with Watershed in order to further support sustainable development and action in the future. Solana (SOL) is currently priced at $30.66 with a market cap of $10,970,078,795.

Conclusion

These coins’ sustainable actions and directives are good news for the planet and investors alike as they continue to rank highly. It’s great to see Big Eyes (BIG) Coin join the ranks of these sustainable cryptos.

 

Use this bonus code to get extra BIG tokens: BEYES174

Learn more about the Big Eyes Token:

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

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Credit: Source link

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