Is Big Eyes Coin (BIG) considered an Ethereum cryptocurrency or a Solana cryptocurrency?

Big Eyes Coin (BIG), is an irresistibly cute, “Cat” themed crypto currency, drawing much attention within the crypto industry after having raised over 31 million$ upon its presale launch. Feature packed with many attractive perks like the ability to yield big profits within a short time, Big Eyes Coin (BIG) belongs to the meme coins family and is expected to surpass its competitive counterparts like Dogecoin (DOGE) and Shiba Inu (SHIB) in the near future.

This article explores the technology and mechanism behind this crypto currency alongside scalability and stateful nature to ascertain whether Big Eyes Coin (BIG) is more aligned with Ethereum cryptocurrency or Solana cryptocurrency.?

What are the major differences between Ethereum cryptocurrency and Solana cryptocurrency?

Possibly the biggest difference between the two block chain technologies would be the fact that Ethereum 1.0 relies on a Proof-of-Work (PoW) mechanism similar to Bitcoin; whilst Solana cryptocurrency uses underlying consensus mechanism known as Proof-of-History (PoH) which requires a sequence of computational steps that determine the time passage between two events cryptographically.

Another major feature that makes Ethereum different from Solana is its “stateful” nature which records all transactions on the network. This means that if any new transaction occurs, then the entire network must update their copy of the network to reflect that new transaction. Solana meanwhile has a ‘stateless’ architecture and reduces the overall memory consumption, leading to increased performance.?

A crucial selling point for Solana is certainly its ability to process a block every 400 milliseconds and its record 60k transactions per second. At the moment, Solana can process over 50K transactions per second (TPS). However, Ethereum is currently progressing to Ethereum 2.0 would is capable of processing over 100K TPS.

Ethereum's scalability is a significant concern for the landscape, and worsens in times of high market activity. However, Ethereum is the gold standard of the blockchain landscape, and quite a number of decentralized apps and other blockchain solutions are built in and around the chain.

In essence, Ethereum offers a more mature and decentralized network, while Solana offers high-speed and low-cost transactions.

Concluding thoughts about where Big Eyes Coin (BIG) fits in??

Big Eyes Coin (BIG) operates on the Ethereum blockchain and uses the ERC-20 standard for its cryptocurrency exchanges, hoping to capitalize on the network's resources. Ethereum blockchain has the largest DeFi market, which translates to active users, which in turn makes sense for a crypto currency like Big Eyes Coin (BIG) to launch on a network where active users are, to allow the liquidity to help give life to the meme coin project.

The presale of Big Eyes Coin (BIG) began in the third quarter of 2022, and it has already managed to raise over 31 million $, with over a million dollars’ worth of BIG tokens sold in the first week of the presale alone.?