What the first Blockchain-Enabled LC means for the future of Dogecoin, Shiba Inu & Big Eyes Coin

India’s recent completion of its first blockchain-enabled letter of credit transaction on the Contour Network marks a significant milestone in the digitisation of trade finance processes.

The transaction, valued at $3 million by Citibank, is expected to reduce transaction time and client costs, paving the way for more efficient and secure international trade transactions.

This development has also caught the attention of the crypto world, particularly crypto communities that are interested in meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and the newest member of the industry, Big Eyes Coin (BIG).

Dogecoin: The rise and fall of the original Meme Coin?

Dogecoin started as a joke, but has now become one of the most popular cryptocurrencies in the world. Its community-driven approach and the fun and creative nature of the project has attracted millions of investors and traders worldwide.

Dogecoin has also been used to support charitable causes, such as funding clean water projects in developing countries. Despite its success, Dogecoin has faced criticism for lacking a clear plan of application beyond being a fun and creative cryptocurrency.

Shiba Inu: A Dogecoin Copycat?

Shiba Inu is another meme coin that has recently gained significant attention. Similar to Dogecoin, the project was created as a joke, but it has since developed a strong community of investors and traders.

Shiba Inu has also been used for charitable causes, such as donating to India’s COVID-19 relief fund. However, like Dogecoin, Shiba Inu has also faced criticism for lacking a clear plan of application.

Big Eyes Coin: More than just a Meme Coin?

Big Eyes Coin (BIG) is a sustainable and community-driven meme coin that operates on the Ethereum blockchain using a proof of stake mechanism. Unlike other meme coins, BIG has a straightforward utility and purpose, making it an attractive investment option for meme coin lovers and investors.

Big Eyes Coin’s purpose includes supporting charitable causes and promoting sustainability efforts. The project also has a creative and fun approach that appeals to the crypto community, similar to Dogecoin and Shiba Inu.

BIG has additional features that make it suitable for long-term scope and can avoid government regulations cracking down on non-sustainable token mining. The project is decentralised, meaning no central authority controls it. It is also community-driven, making it less susceptible to manipulation by a few individuals or groups. Big Eyes Coin’s proof of stake mechanism also reduces energy consumption, making it an eco-friendlier option than other cryptocurrencies that use proof of work.

The Future of Blockchain and the Rise of Big Eyes Coin

India’s recent completion of its first blockchain-enabled letter of credit transaction is a promising development for the crypto industry, particularly for new cryptocurrencies like Big Eyes Coin. The transaction’s successful implementation showcases the potential of blockchain technology to transform traditional finance processes, making them more efficient and secure.

Big Eyes Coin’s sustainable and community-driven approach, coupled with its clear use case, makes it a promising investment option for those looking for a long-term investment option. As the meme coin season continues, it is worth keeping an eye on BIG and its potential to rival Dogecoin and Shiba Inu.