GPUs Struggle As Ethereum’s Shanghai Upgrade And Big Eyes Coin’s Nfts Lead To Increased Minting

Ethereum (ETH) is a decentralized platform for executing smart contracts and decentralized applications (dApps). It has gained popularity over the years due to its potential to attract a large user base and developers. The Ethereum network is currently being upgraded to address its shortcomings and bring improvements.

The Ethereum Shanghai upgrade is a series of four phases that are being rolled out to improve the network.

1.  Phase 0, which launched in December 2020, introduced the Beacon Chain that operates under the Proof of Stake (PoS) consensus mechanism. This new mechanism replaces the previous Proof of Work (PoW) mechanism, which allowed miners to compete to solve complex mathematical problems through Graphic Processing Units (GPU). The PoW framework consumed a lot of energy and computation power, rendering it ineffective. With PoS, network participants can validate transactions by staking their ETH holdings as collateral, incentivizing them to maintain network security.
2. Phase 1 will introduce Shard Chains, which are smaller chains that will run parallel to the main Ethereum chain, enabling the blockchain to process more transactions simultaneously.
3. Phase 1.5 will see the Merge that integrates the current Ethereum mainnet with the Ethereum 2.0 Beacon Chain, leading to a transition to the PoS consensus. This upgrade is critical for the network as it significantly enhances the energy efficiency of the blockchain.
4. Phase 2, known as State Execution, will allow smart contracts to be executed on the Shard Chains.

Ethereum 2.0's Enhanced Features for User-Friendly Experience

Ethereum 2.0 (ETH 2.0) aims to introduce new features to make it more convenient for users to manage their accounts and assets. The forthcoming unified account system will enable users to access their accounts on different devices using just one login.

Furthermore, the update will include asset management that will enable multi-account support, allowing users to manage multiple accounts from within a single wallet. To provide a more user-friendly experience, the user interface will also be improved.

The most significant upgrade to Ethereum 2.0 is the improvement in network speed and efficiency. These enhancements will increase scalability, making the platform more attractive to developers and users alike.

Big Eyes Coin's NFTs and Community Presence

Big Eyes Coin (BIG), a meme crypto with a cute cat theme, has raised nearly $33 million during its presale phase. BIG has commenced the sales of its non-fungible tokens (NFTs) via OpenSea, allowing investors to begin minting the NFTs that they received through loot boxes.

BIG's community presence is quite large at this point, and the company has announced that it will host an "Ask Me Anything" session on Thursday, April 6th, via its Telegram channel. This presents a great opportunity for hesitant investors who have been waiting for the right time to invest.

Find out more about Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL