What will the Ethereum merger bring to blockchain projects like Big Eyes Coin and Shiba Inu?

One of the biggest stories in crypto in recent months has been the development and launch of The Merge, which saw blockchain giant Ethereum move from the Proof-of-Work validation system to Proof-of-Stake.

But what does The Merge mean for projects built on the Ethereum blockchain, like Big Eyes Coin and Shiba Inu? In this article, we will take a closer look at The Merge, before considering what these changes will mean for these ERC-20 projects.

Ethereum Goes Eco In Proof-of-Stake Initiative

The merger has seen Ethereum move its network to the Proof-of-Stake validation system. This is the system used to validate transactions made on the Ethereum blockchain and involves computers solving calculations to validate a block of data. With Proof-of-Stake, only machines with a stake in the associated blockchain can participate, with a higher stake meaning a higher chance of receiving the mining reward for validating the block.

This process reduces the number of machines used in the validation process, which is beneficial for many reasons. However, for Ethereum, the following two reasons were the main pushers behind the switch.

What are the benefits of Proof-of-Stake?

First, Proof-of-Stake can validate transactions far faster than Proof-of-Work due to the use of fewer machines, making it essential for blockchains with large user volumes. Complaints against Ethereum often came from the fact that the network was slow and expensive, due to the number of users and the gas fees that come from it. Proof-of-Stake mitigates this, making the network far friendlier for day-to-day transactions.

Second, Proof-of-Stake is far more energy efficient. By limiting the number of machines participating in the system, this system wastes far less power performing calculations, with The Merge reducing the Ethereum network’s energy production by 99.95%.

Big Eyes Coin goes organic with Ethereum energy usage reduction

For the meme token Big Eyes Coin, one of the main reasons they decided to build their project on Ethereum was because of The Merge, due to the reduced energy production mentioned earlier.

Big Eyes Coin is a symbol based on the cat mascot Big Eyes. Like a cat, Big Eyes loves fish, and therefore cares deeply about protecting them and the oceans around them. As the Big Eyes Coin website says; “We also save the oceans to save the fish. So we can eat the fish’.

Using a blockchain with low energy production is critical to achieving this goal, and with Ethereum’s energy production now down to over 99%, the network was a perfect choice for the project. Furthermore, due to being one of the most successful blockchains on the market, Ethereum is known to be incredibly robust, making it ideal for new projects looking for a secure place to start their business.

Big Eyes Coin just finished its second presale phase, having raised over $3.2 million so far. Many factors can be to thank for this, such as the project’s ecological message or frequent collaborations with influencers, but regardless of the reasons it is likely that the project has not finished growing yet.

Do you want to get involved?

The Shiba Inu is set to get a boost amid the merger hype

One of Big Eyes Coin’s biggest opponents in the meme token market is Shiba Inu – a token also built on the Ethereum network. Like Big Eyes Coin, Shiba Inu will also be able to experience the benefits of The Merge.

The meme token often called ‘The Dogecoin Killer’ will also see a boost in transaction speeds and a reduction in transaction costs, making it a tempting investment opportunity for those who believe in Shiba Inu’s ability to overtake Dogecoin in the meme token arms race . It will also make competition for newer meme tokens like Big Eyes Coin even tougher.

Which ERC-20 meme token will come out on top? Although difficult to predict, it is certain that the future of these two projects looks bright, with the benefits of The Merge likely to yield interesting results.

Want to know more about Big Eyes Coin? Then check the links below to learn more:

Pre-sale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram:

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent Bitcoinists. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.