Despite the rough start of the cryptocurrency market, it has continued to surprise and thrill critics and enthusiasts alike. The coin market has been able to win the hearts of everyone by constantly overseeing the release of new projects.
What’s even more thrilling is that these new cryptocurrencies are always designed to improve on the deficiencies of their predecessors. That’s why you’ll always find certain projects driving the development of the entire coin market at one point or the other. This piece will reveal the cryptocurrencies with the potential to drive the cryptocurrency market forward – Polygon (MATIC), Tezos (XTZ), and Big Eyes (BIG).
When the Ethereum network was released, it quickly became one of the best products to come out of the coin market. As more and more people realised the usefulness and innovative nature of Ethereum, they swarmed the network to take advantage of it. However, it didn’t take long before certain problems started to occur on the blockchain. Many developers wanted to use the Ethereum network at once, and it became congested.
Polygon is currently the most effective solution to the congestion of the Ethereum network. By helping to break down all the clunky aspects of Polygon, this cryptocurrency ensures that users can rest assured while using Ethereum to process all their transactions.
Polygon (MATIC) was founded in 2017. But it currently serves as the host for more than 7,000 decentralised applications and programs. MATIC is the native token for this protocol. As an ERC-20 token, MATIC is compatible with all the programs and dApps found on the Ethereum network.
Polygon’s proof-of-stake (PoS) network offers impressive advantages to users of Ethereum who have struggled to use it. This innovative mechanism supports the staking of MATIC tokens for interest. The interest you earn depends on the number of tokens you have staked. Despite the innovative use case of Polygon (MATIC), it had a capped market supply of 10 billion coins.
Tezos (XTZ) is a relatively new cryptocurrency asset on the coin market. But it has already proven that it’s here to stay for a long time. Tezos (XTZ) has set up a good name and reputation for itself because you will find Tezos (XTZ) making partnerships with some of the biggest brands and franchises worldwide. It’s one of the first cryptocurrency tokens to receive as much publicity as it currently is.
So, how will Tezos (XTZ) drive the crypto space forward? Let’s look at some of the most intriguing features of this cryptocurrency. The first thing you need to note about Tezos is that it allows users to participate in decentralised applications, decentralised finance (DeFi), and NFT projects.
Also, instead of relying on hard forks and blockchain splits like other alternatives on the coin market, Tezos adopts a blockchain-based token governance system. This system will allow crypto users to vote on new policies. However, these users can vote based on their economic stake in the cryptocurrency. XTZ is the token symbol for Tezos. You’ll find Tezos (XTZ) in top cryptocurrency exchanges worldwide.
Big Eyes (BIG)
Some may be wondering what Big Eyes (BIG) is doing on this list. It’s a relatively unknown cryptocurrency and has just been introduced to the cryptocurrency market. But when you look deeper than some of the shortcomings of Big Eyes (BIG), it’s clear that this cryptocurrency has many things to offer.
Big Eyes (BIG) is a meme cryptocurrency that’s concerned with offering users more than just jokes and trivial use cases. This cryptocurrency looks at how it can adopt a community-driven approach to transfer wealth from the coin space to meme lovers. Their community-based approach will ensure that every community member actively participates in development decisions. Furthermore, Big Eyes (BIG) will be used in the creation of NFTs. BIG is the token symbol for Big Eyes (BIG).
Big Eyes Coin (BIG)