Considering the market condition, the level of success Big Eyes Coin(BIG) has gathered in the past weeks is almost dumbfounding.
Firstly, it broke records by raising $1 million in the first week of the presale, a feat that caught a lot of investors by surprise. To top it all, the meme coin has sold close to 8 million dollars, and its newly found community of users is more bullish than ever. It is rare to see such success, especially in a bearish market. Big Eyes Coin(BIG) is prepped for success, and only the smartest who invest early will get to be a part of this success.
Ethereum(ETH), on the other hand, is the blockchain network that would power the Big Eyes Coin project. As it houses the largest number of protocols, Big Eyes Coin should have a smooth ride on the network. Additionally, the Ethereum blockchain’s plan to boost scalability will positively benefit the Big Eyes Coin network.
Ethereum (ETH) Sets The Stage For Current Crypto
Ethereum(ETH) is a second-generation, layer 1 blockchain built to upscale the initial functions of blockchain technology. It is a decentralised blockchain system that focuses on providing smart contract functionality for decentralised applications. It establishes a safe and secure environment for peer-to-peer transactions. However, its scalability had been a significant drawback bringing about higher gas fees and slower transaction rates.
Ethereum completed its merge on the 15th of September, moving from the proof of work to proof of stake consensus. The upgrade combines the Ethereum Mainnet and the Beacon Chain Proof of Stake mechanism, changing the consensus from PoW to PoS. This upgrade improves scalability and security and lowers energy consumption, making Ethereum more sustainable.
Ethereum provides a remarkably flexible platform for decentralised applications, which is why it is among the most preferred despite its scalability issues. The robust ecosystem of developer tools and…
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