As 2022 draws to a close, blockchain networks are working to boost market caps in the aftermath of the repeated collapses of the spring.
Ethereum (ETH) was one of the upper-echelon networks that suffered significantly during the crypto crisis, but it is still constantly seeking new methods to improve the network’s capabilities and operations.
Recently, Ethereum co-founder Vitalik Buterin has introduced a new stage to the Ethereum technical roadmap, one that aims to increase the Ethereum network’s censorship resistance and decentralization. Meanwhile, Big Eyes Coin (BIG) collected a whopping $9.64 million at the sixth stage of its presale, and it shows no signs of stopping down.
Big Eyes Coin, The Meme Coin That Aims For Purrfection
Big Eyes Coin (BIG) is a newcomer to the cryptocurrency market that debuted during the year of the crypto crisis. BIG’s primary goal is to become the world’s leading meme coin by utilizing the power of its community. The blockchain network aspires to move money into the decentralized finance (DeFi) ecosystem while also protecting the sea, a vital aspect of the world’s ecology. The network contains a charity wallet in which 5% of the total supply is donated to ocean sanctuaries.
BIG is built on the Ethereum network, which adds to its long-term viability. Additionally, the blockchain network also intends to launch on Uniswap (UNI), a well-known decentralized trading system that facilitates automated trading of decentralized finance (DeFi) currencies. Big Eyes Coin has also acquired a lot of traction online by unconventionally marketing itself with its distinctive feline figurehead. The presence of a cat as a mascot immediately distinguishes Big Eyes Coin from other meme tokens such as Dogecoin and Shiba Inu, as the usual theme among meme currencies is to be centered on dogs. BIG’s online success may also be ascribed to its strong social media presence, which has grown due to crypto celebrities like Gino Assereto and Ieda Wobeto promoting it.
The Latest Updates On Ethereum
Ethereum (ETH) is the second most valuable cryptocurrency in the crypto market. It is also a decentralized computing platform capable of running various applications, including a universe of DeFi apps and services. Ethereum differs from Bitcoin in that it can construct and execute smart contracts. Smart contracts enable a wide range of Ethereum applications, such as stablecoins, decentralized banking apps, and other decentralized apps (dApps).
Ethereum was updated to go from a proof-of-work method to a proof-of-stake mechanism. Because POS is affordable, does not require specialized equipment, and is energy efficient, this advancement helped the blockchain network become more sustainable. On 5 November, Buterin unveiled the Ethereum network’s new ambitions in a Twitter post, which included the Scourge in a now extended six-part technical roadmap.
The Scourge’s purpose, according to the Ethereum roadmap, is to “guarantee reliable and genuinely neutral transaction inclusion while avoiding centralization and other protocol issues from MEV.” Buterin’s proposal for a more “credibly neutral” consensus layer comes as miners have been known to manipulate Ethereum network transactions to their advantage.
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