Big Eyes Coin Could Outdo Privacy Coins Like Monero And Zcash

The regulatory scenario in the crypto landscape is something of concern to many, and one category of cryptocurrencies that is sure to take the backlash is Privacy tokens, like Monero (XMR) and Zcash (ZEC). Regulating Privacy tokens has been a major priority for financial authorities as these coins have been much more susceptible to criminal exploitations, hacks, and illegal acts like money laundering than other tokens.

A practical case would be the one with Tornado cash when the network took heavy backlash after allegations of being responsible for criminal exploitations. The network was sanctioned, addresses were flagged, and a price crash came afterwards. With the possibility of such happening with other Privacy tokens, now could be the time to consider safer alternatives of investment options.

Big Eyes Coin (BIG) is a meme coin and, thus, stands a lesser chance of encountering sanctions and imminent price crashes in the crypto landscape. Being a new cryptocurrency currently on presale, it also offers more opportunities to make a profit if you buy in early.

The P2P Currency – Monero

Monero (XMR) is a privacy-focused peer-to-peer currency that intends to be untraceable, keeping user transactions as anonymous as possible. Due to the fungibility of the cryptocurrency, all transactions on the Monero blockchain cannot be traced back to a specific user or the individual performing the transaction.

The network functions through unlinkability and fungibility. When you transfer money to a person’s public address, the money is sent to a brand-new, one-time destination address generated randomly for that transaction. A sender’s public address will never be visible in the public transaction history in Monero. An alternative is registering a “stealth address” so only you, the recipient, can identify the funds arriving.

Privacy Protecting Digital Currency – Zcash

Zcash (ZEC) is another popular Privacy coin in the crypto market. The cryptocurrency protects user identity and makes transactions as anonymous as possible. It is a cryptocurrency built with blockchain technology that utilises cryptography to provide users with a highly secure trading environment.

The core goal of Zcash is anonymity, which is achieved by utilising zk-SNARKs, a kind of zero-knowledge proof technology on the network that enables nodes on a blockchain network to validate transactions without the need to disclose users’ transaction details. The Zcash network operates through the proof-of-work consensus and is mainly managed by validators.

While most cryptocurrencies are pseudonymous, Zcash operates like major privacy coins, prioritising the anonymity of users such that addresses cannot be identified. Since Zcash transactions using zk-SNARKs are relayed through a private blockchain, the sender and receiver’s addresses and transaction amounts are not publicised.

The Cutest Cat Community Big Eyes Coin

Big Eyes Coin (BIG) is a new meme coin intending to change the narratives in the meme coin meta with blockchain technology. The cryptocurrency is a cat meme coin looking to provide several utilities and means of generating revenue for its users. As opposed to how most meme coins are regarded as zero-utility tokens, the big eyes coin intends to be a relevant alternative to most of its competitors.

The network will provide charitable aids, DeFi utilities, top NFT collections, and more. And most of these utilities and benefits will only be accessible to those who join the network by buying its native token. The BIG token is currently on presale, and the network has gotten over $3 million in sales. The presale is coming to a close, and you can still join by buying the big token here.

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