The blockchain ecosystem is constantly evolving, with new developments and innovations emerging every day. One critical component of the blockchain ecosystem is the use of oracles, which allow smart contracts to interact with real-world data.
In this article, we’ll compare two of the most popular oracles in the crypto industry – Chainlink and OXB- and how Big Eyes Coin (BIG) may be worth keeping an eye on for investors looking for the next big thing in DeFi.
Chainlink – The Industry Leader
Chainlink (LINK) is the most popular decentralised oracle network in the crypto industry, providing a secure and reliable connection between smart contracts and external data sources. Founded in 2017 by Sergey Nazarov and Steve Ellis, Chainlink is built on top of the Ethereum blockchain and is used by a vast array of decentralised applications (dApps).
One key feature that makes Chainlink so popular is its decentralised nature. Chainlink’s network consists of a vast array of nodes that retrieve data from various sources, including APIs, websites, and IoT devices. These nodes are incentivised to provide accurate data, earning LINK tokens. Chainlink’s architecture is also highly scalable, allowing it to handle large amounts of data and numerous requests.
Numerous blockchain platforms, including Ethereum, Binance Smart Chain, and Polygon, use Chainlink. The oracle’s popularity stems from its reliability and versatility, as it can provide external data for a wide range of use cases, including finance, gaming, and insurance.
OXB – An Emerging Oracle
OXB is a relatively new oracle that entered the market in 2021. Despite its short time in the industry, OXB has been making waves, hitting an all-time high of $2.06 in February. OXB’s architecture is similar to Chainlink’s, as it also uses a network of nodes to retrieve and verify data from various sources.
OXB’s main advantage is its focus on the Polkadot network, a multi-chain platform designed for interoperability. OXB’s integration with Polkadot (DOT) allows it to provide data to numerous dApps on the network, including those in the DeFi space. OXB also offers staking, allowing users to earn rewards for providing accurate data to the network.
Comparing Chainlink and OXB
While Chainlink and OXB share similarities in their architecture and function, the two oracles have some notable differences. Chainlink’s popularity and market dominance make it a more established player with a proven track record of providing reliable external data to dApps.
OXB’s focus on the Polkadot (DOT) network is a unique selling point, allowing the oracle to tap into various dApps and use cases. However, OXB’s relative newness in the industry means it has yet to prove itself fully.
Despite these differences, both oracles can drive significant value in the industry, particularly in the DeFi space. As the blockchain ecosystem continues to evolve, the need for reliable and secure oracles will only increase, making both Chainlink and OXB valuable players in the industry.
Big Eyes Coin’s Successful Presale Ends With Big Bonus
The upcoming launch of Big Eyes Coin (BIG) on an exchange has gained widespread attention and support from investors. The project’s team has announced that the presale will conclude on June 3rd. So far, the digital asset has raised over $33 million, making it the largest meme coin presale to date, which is an impressive accomplishment.
This success highlights the increasing interest in meme-inspired cryptocurrencies and the potential for such projects to attract significant investment and support from the cryptocurrency community.
The Big Eyes Coin (BIG) team has recently introduced their latest and greatest bonus code yet, which is now available. By using the code “END300”, investors can take advantage of an exceptional 300% bonus for a limited time. This means that $1,000 can now purchase $4,000 worth of BIG tokens, providing an excellent opportunity to get involved with this exciting project before its launch.
While Chainlink may be the most significant player in the world of oracles, Big Eyes Coin offers something new and exciting that could make it the next big thing in DeFi. Its use of Chainlink oracles ensures that its smart contracts are securely connected to real-world data, making it a safe and reliable investment for those looking to get on board with the next big thing in DeFi. As the cryptocurrency market continues to grow and evolve, it’s worth keeping an eye on Big Eyes Coin and its potential for success.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Opensea: https://opensea.io/collection/big-eyes-lootbox-cards