The current state of our world and environment is dire. The earth has never been in such a bad state. All this is due to climate change due to pollution and greenhouse gas emissions. A million species are at risk of extinction, and natural ecosystems have lost about half their area. Wild mammal biomass has decreased he 82%, mainly due to human activity. One of these human activities is cryptocurrency mining, which uses large amounts of energy each year. Big Eyes Coin (BIG) wants to change this and become a more eco-friendly cryptocurrency.
The environmental impact of Bitcoin (BTC).
Bitcoin (BTC) was the first cryptocurrency to enter the modern market in 2009. It is currently the most popular cryptocurrency, with a market capitalization of $366,387,315,046 as of October 12, 2022. One of the main ways to acquire this cryptocurrency is mining. There are many ways to mine cryptocurrencies. However, the most widely used method created by Bitcoin today is the Proof of Work mining method. This method validates a Bitcoin transaction and adds a block to the blockchain.
The way this process works is by asking the user to solve a complex mathematical equation to create a hash that matches the current block’s goal hash. Here’s what to do in this situation. This allows cryptocurrency miners to add their blocks to the blockchain and get rewarded in the form of Bitcoin. Intelligent computers often use a lot of energy to perform this process.This consumes Bitcoin Approximately 123 terawatt hours Year after year, the damage to the planet is greatly increasing.
Litecoin (LTC) is immune to criticism.
Litecoin was released in 2011, shortly after Bitcoin (BTC). Litecoin also uses blockchain technology. However, it is different from the Bitcoin blockchain. Although it is a different form of blockchain, Litecoin’s blockchain still uses a proof-of-work mining system.
This is as harmful as Bitcoin uses a proof-of-work mining system. You might think that Bitcoin won’t get as much backlash because it’s not as popular as Bitcoin, but in a world that cares about environmental security, there’s always going to be backlash. This is especially true even though many other systems have been invented that make proof-of-work systems redundant, they are still in use and can have a negative impact on the environment.
How Big Eyes Coin (BIG) is going to change this.
Big Eyes Coin (BIG) is a pre-sale meme coin that has generated over $7 million in revenue to date. The coin has an adorable cat mascot and is a nice change of pace compared to the classic meme coin structure.
Big Eyes Coin (BIG) uses the Ethereum blockchain, unlike the previous two coins. This blockchain uses a different mining method instead. Cryptocurrency transactions are verified through a form of consensus process called Proof of Stake. This approach allows cryptocurrency holders to stake their coins, empowering new blocks of transactions to be verified and added to the blockchain. This significantly reduces carbon emissions, reducing by about 99%. In addition to this, Big Eyes Coin (BIG) will set aside 5% of its tokens for marine conservation charities.
In summary
Most of the larger cryptocurrencies such as Bitcoin and Litecoin emit large amounts of carbon without caring about the environment. Big Eyes Coin (BIG) wants to change this and uses a different blockchain with lower emissions.
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Big Eyes Coin (BIG)
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