Bitcoin, Big Eyes Coin, and Cardano: Which Offers the Best Security and Privacy?

You exist in an ideal world if you’re a crypto trader or investor now. The crypto industry has grown and expanded over the years, thereby welcoming thousands of new and innovative cryptocurrencies. Big Eyes Coin (BIG), the latest entrant in the world of cryptocurrencies, has gotten off to a rollicking start. The cat-themed meme coin has accumulated more than $27.18 million in its pre-launch campaign, which is speeding toward its end. With only five days and a few hours left in its culmination, users can make use of the promotional code LAUNCHBIGEYES200 to enjoy an unmatched 200% bonus.

As we know, Bitcoin has always been there since the start of the story of cryptocurrencies. It is still leading the pack of thousands of cryptocurrencies with a market capitalization worth $427.52 billion. Cardano (ADA) is also among the ten biggest cryptocurrencies, with a market capitalization of $13.32 billion. The emergence of technologically-advanced cryptocurrencies has further upped the ante, and now more people than ever take a keen interest in crypto investments. However, security and privacy are major concerns for active traders as well as for new investors and businesses.

Big Eyes Coin, Bitcoin, and Cardano are among the most well-known and popular options in today’s world. However, when it comes to security and privacy, which one is the best choice? This article will take a deeper look at these three cryptocurrencies to help you decide which one is the most secure and private.

Bitcoin: The King of Cryptocurrencies

As stated above, Bitcoin (BTC) was there when the Big Bang of Cryptocurrency occurred back in 2009. It allows users to send and receive payments without the need for intermediaries since it operates on a decentralized network. When it comes to security and prevention of fraud and scams, Bitcoin uses a distributed ledger technology known as the blockchain.

Since no single entity or government authority can control Bitcoin, it can ensure secure and private transactions. Its blockchain technology is also a critical component of its security. It records all transactions, and each block in the chain is cryptographically lodged and secured.

However, when it comes to privacy, Bitcoin is far from being the best in the business. Transactions on the Bitcoin network are not directly linked to a person’s identity, but they are still public and can be traced back to an individual through various means. Bitcoin’s blockchain technology stands in the way of tampering with its transactions, yet it is still possible to analyze the blockchain to gain insights into users’ transaction history and behavior.

Big Eyes Coin: A New But innovative Player

Big Eyes Coin (BIG) is a new player in the arena, yet it is one of the well-equipped cryptocurrencies when it comes to innovation and the latest technology. It is gaining in popularity with each passing day as it aims to be more private and secure than the industry leader.

Talking about its privacy, Big Eyes Coin uses a privacy-focused technology called “zk-SNARKs” to protect transaction records and the identities of its users. Users can easily complete their transactions without having to reveal their identity by using this technology. Simply put, “zk-SNARK” makes it almost impossible to trace users and their transactions.

Big Eyes Coin’s privacy doubles up with security features, which make it one of the most sought-after cryptocurrencies in today’s world. It is evident by its remarkable presales numbers which have gone past $27 million and counting. Talking about the security aspect, Big Eyes Coin is pretty much similar to Bitcoin as it uses a decentralized network to secure transactions and keep a lid on any fraudulent attempts. The use of zk-SNARK doubles it up a great notch and ensures that transactions are private and can’t be traced back to the user.

A lot more can be expected of Big Eyes Coin, which is still in its early days of existence in the crypto world.

3. Cardano: A Third-Generation Cryptocurrency

Cardano (ADA) is a third-generation cryptocurrency that is well-equipped to address the scalability and security issues that have plagued previous generations of cryptocurrencies. It is yet another decentralized digital currency but with a ‘proof-of-stake’ consensus algorithm for protecting transactions and preventing fraud.

Cardano’s proof-of-stake consensus algorithm is less energy-intensive than the proof-of-work algorithm used by Bitcoin. This way, it is more environmentally friendly and less prone to centralization. Cardano’s development team uses multisig wallets and regular code audits to fortify its security further.

When it comes to privacy, Cardano supersedes Bitcoin. Its privacy-focused technology ‘Ouroboros Hydra’ enables users to conduct transactions without revealing their identity. This makes it almost as impossible as reproducing dinosaurs to trace transactions back to a user.

Key Takeaways

All three cryptocurrencies have their strengths and weaknesses when it comes to security and privacy.

Bitcoin is the senior-most cryptocurrency, but despite its decentralization and blockchain technology, its privacy is not as strong.

Big Eyes Coin, on the other hand, offers a lot more robust privacy and security through its zk-SNARKs technology.

Cardano offers both strong security and privacy, thanks to its proof-of-stake consensus algorithm and Ouroboros Hydra technology.

If privacy and security top your list of priorities, don’t mind using a less well-known cryptocurrency like Big Eyes Coin.

At the end of the day, all three of them offer different levels of security and privacy. However, your choice must depend on your individual needs and priorities.