The Ethereum network is gearing up for its forthcoming upgrade, known as the Shanghai Upgrade, which is scheduled to take place on April 12. The Shanghai Upgrade, which is a planned hard fork of the Ethereum protocol, aims to improve liquidity for stakers and validators who wish to withdraw their funds effortlessly.
Currently, Ethereum has over 16.3 million tokens staked on the network, but they cannot be withdrawn. However, the Shanghai Upgrade is expected to change that, allowing Ethereum stakers, including individuals and larger staking outlets, to withdraw their staked ETH freely.
Moreover, the upgrade will also come with the Capella Upgrade, nicknamed "Shapella," which will enable ETH withdrawals for various users who staked their ETH on the network as early as December 2020. This move is likely to reduce the risk of holding the staked versions of Ethereum once withdrawals become available. With the Shanghai Upgrade, stakers will be able to withdraw their ETH and sell it on the open market.
As the cryptocurrency industry, ETH holders, in particular, await the much anticipated Shapella Upgrade, holders of Big Eyes Coin (BIG), a new entrant to the industry which is also powered by the Ethereum blockchain could look forward to the upgrades.
As mentioned above, the Shanghai and Capella Upgrades will enable users to withdraw staked ETH. Other than a bit of price volatility during the upgrade and shortly after, the Shanghai Upgrade is not expected to impact ETH holders who have not staked their coins as yet as validators on the Beacon Chain.
Earlier in the week reports suggested that several ETH whales were believed to have been holding between 1,000 and 10,000 ETH to accumulate a large amount of the altcoin ahead of the Shanghai upgrade. Since the announcement of the launch date of the upgrade, Ethereum's price has swung back and forth as it traded at a high of $1,825.60 and as low as $1,690.52 within the past week before consolidating around its current price of $1,793.55.
Big Eyes Coin (BIG) is an ERC-20 meme token powered by the Ethereum network which is drawing toward the end of its presale stage but since its launch, the project has been recognized as the most successful presale in recent years.
The project employs the Proof-of-Stake (PoS) consensus process to reduce blockchain energy requirements by eliminating crypto mining, which is a large contributor to climate change. While a presale allows the crypto user to acquire tokens at a discounted price before they are accessible to the general public and give early access to potentially high-growth tokens, it also allows the project's developers to improve the project as it progresses toward its live launch.
This opens up the perfect opportunity for Big Eyes Coin since it is powered by Ethereum and in the presale stage, to adopt the necessary upgrades without having any negative effect on BIG holders.
Big Eyes Coin is in stage 12 of its presale and has so far raised $32.7 million in presales tokens and will launch when it raises $50 million in presale tokens and crypto users have a limited-time bonus code, 'BULLRUN250' during this period. By simply applying the 'BULLRUN250' bonus code a user could make a 250% bonus on top of a BIG token or Loot Boxes purchase.
Loot Boxes is the project's ongoing gaming feature which carries a maximum ROI of 5000% by spinning a Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box, and Excali-Paw Master Chest which carry a maximum prize of $500, $5000, $25,000, $100,000, and $1,000,000 worth of BIG tokens, respectively.
Unlike the traditional mining infrastructure, which has secured Ethereum since its inception, the Shanghai Upgrade will make it possible for people to participate in securing the network without relying on the traditional mining infrastructure.
The Shanghai Upgrade will be a significant milestone in the Ethereum network's evolution, enabling more people to participate in the network's security and liquidity.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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