Big Eyes Coin’s NFT collection goes live as Ethereum gets ready for Shanghai upgrade
Big Eyes Coin (BIG), a new meme coin, released loot cards that can be minted as NFTs as Ethereum prepares for its most anticipated Shanghai upgrade on April 12th. 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 contains its cryptocurrency, Ether. It is the second largest cryptocurrency with a market cap of $200 billion. Launched in 2015, Ethereum changed from proof of work to proof of stake consensus mechanism in 2022 to help reduce the environment’s 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. At the time of writing, ETH was trading at around $1,820.
How will the Shanghai upgrade affect the Ethereum Blockchain?
The crypto industry has constantly been accused of worsening the environment through its energy-intensive 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, users stake their cryptocurrencies to validate the transaction and get new cryptocurrencies as a reward for their participation. In comparison, the Proof of Work consensus algorithm relies on a mining process that uses significant energy resources.
Therefore, Ethereum’s initiative has received massive recognition beyond the crypto world. In September 2022, Ethereum’s mainnet was upgraded to proof of consensus mechanism. But there remained an unsolved problem.
Although the Ethereum network has changed to the Proof of Stake method, it did not allow players to withdraw their deposited ETH or rewards generated by those deposits. This new Shanghai upgrade will provide a permanent solution to this problem. The Shanghai upgrade will enable users of the Ethereum network to withdraw their stake ETH from the blockchain.
What does it mean for Ethereum Stakers?
Ethereum players who have deposited their currency using third-party intermediaries such as Coinbase and Lido have nothing to worry about. Their stake ETH and the rewards generated by the deposits will be available after the successful implementation of the Shanghai upgrade.
Independent validators who have directly staked with the Ethereum network must provide a withdrawal address to receive staked funds. Validators can choose either partial or full withdrawal. A partial withdrawal will send all generated funds and rewards to the withdrawal address except for the minimum deposit amount of 32 ETH. To fully extract the staking process, validators must send a termination message using the validation keys and the validation client.
Big Eyes Coin does hiss-tory
As the Ethereum network tries 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 phase.
The Big Eyes Coin Ecosystem is powered by the utility token BIG, which is sold in the 12th stage of the presale. So far, Big Eyes Coin has raised more than $33 million, making it a notable presale among those seen in the past couple of years.
Big Eyes Coin has recently revealed loot boxes that can return HUGE tokens worth up to $1 million. The lift boxes are available, from $9.99 to $9,999.
Recently, Big Eyes Coin announced another tempting offer to lure crypto investors and NFT traders. The project team has informed us that the loot boxes will contain BIG tokens, coinable loot cards and custom cards. Loot cards can be minted as NFTs and traded on Opensea.io, a Web3 marketplace for digital collectibles and NFTs.
Since Big Eyes Coin has no fee, no tax, and no worry policy, it will not burden community members with new fees. Since the Big Eyes Coin team has already determined the number of tokens to be circulated in the market, the demand for the BIG token is expected to increase after the presale.
In addition to allowing users to withdraw their ETH, the Shanghai upgrade has several other changes related to the Ethereum virtual machine and object format. It may be a small step for the project, but it leaves room for many more revolutionary adjustments. And the growth of the Ethereum network will also reflect on projects like Big Eyes Coin built on the blockchain.
Big Eyes Coin (BIG)
Advance sales:
Website:
Telegram:
