Big Eyes Coin (BIG), a new meme-coin, released loot cards that can be minted as NFT while Ethereum prepares for its most expected Shanghai upgrade on April 12. What is Shanghai Upgrade? How can it help Ethereum network users? Will it help meme coins like Big Eyes shine even brighter?
What Is Ethereum?
Ethereum (ETH) is a decentralized blockchain system that features its cryptocurrency, Ether. It is the second largest cryptocurrency with a 200 billion dollar market capitalization. Launched in 2015, Ethereum changed from proof of work to proof of stake consensus mechanism in 2022 to help reduce the environmental carbon footprint.
The native currency of the Ethereum network, Ether, reached its all-time high value in 2021. At that time, ETH was trading at $4,891. As of the time of writing, ETH was trading at around $1 820.
How Will The Shanghai Upgrade Impact The Ethereum Blockchain?
The Crypto Industry has constantly been accused of worsening the environment through its energy-consuming mining process. To change this, Ethereum embarked on a journey towards the Proof of Stake method with the launch of the Beacon chain to reduce its carbon footprint in 2020.
In the Proof of Stake method, the users stake their cryptocurrencies to validate the transaction and get new cryptocurrencies as rewards for their participation. In comparison, the Proof of Work consensus algorithm relies on a mining process that consumes considerable energy resources.
Therefore, Ethereum’s initiative has received massive appreciation beyond the crypto world. In September 2022, the Ethereum mainnet was successfully upgraded to proof of conensus mechanism. But there remained an unsolved problem.
Although the Ethereum network has changed to the Proof of Stake method, it did not allow stakers to withdraw their deposited ETH or rewards generated by those deposits. This new Shanghai upgrade will provide a permanent solution for this issue. Shanghai upgrade will enable the Ethereum network users to withdraw their staked ETH from the blockchain.
What Does It Mean For Ethereum Stakers?
Ethereum stakers who have deposited their currency with the help of third-party intermediaries such as coin base and Lido have nothing to worry about. Their staked ETH and the rewards generated by the deposits will be available after successfully implementing the Shanghai upgrade.
Independent validators who have directly staked with the Ethereum network need to provide a withdrawal address to get their staked funds. Validators can opt for either partial or full withdrawal. A partial withdrawal will send all funds and rewards generated to the withdrawal address except the minimum deposit amount of 32 ETH. To fully withdraw the staking process, validators need to send an exit message using their validator keys and validator client.
Big Eyes Coin Is Making Hiss-tory
While the Ethereum network is trying to revolutionize the crypto industry with its new Shanghai upgrade, Big Eyes Coin (BIG), a new meme coin built on the Ethereum blockchain, is making history in its presale stage.
The Big Eyes Coin Ecosystem is powered by its utility token BIG, which is being sold in the 12th stage of the presale. So far, the Big Eyes Coin has raised more than 33 million dollars, making it a notable presale among those seen in the past couple of years.
Big Eyes Coin has recently revealed loot boxes that could return BIG tokens worth up to 1 million dollars. The loot boxes are available, ranging from $9.99 to $9,999.
Recently, Big Eyes Coin announced another enticing offer to lure crypto investors and NFT traders. The project team has informed us that the loot boxes will include BIG tokens, mintable loot cards, and custom cards. The loot cards can be minted as NFTs and traded on Opensea.io, a Web3 marketplace for digital collectibles and NFTs.
Since the Big Eyes Coin has no fee, no tax, and no worries policy, it will not burden the community members with new fees. As the Big Eyes Coin team has already fixed the number of tokens to be circulated in the market, the demand for the BIG token is expected to increase after the presale.
Besides allowing the users to unstake their ETH, the Shanghai upgrade has several other changes related to Ethereum virtual machine and Object format. It may be a small step for the project, but it makes way for many more revolutionary adjustments. And the growth of the Ethereum network will also reflect on projects such as Big Eyes Coin built on its blockchain.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
