Vitalik Buterin Hints More To Come From The Ethereum Network As It Surges Above $1,500

Vitalik Buterin Hints More To Come From The Ethereum Network As It Surges Above $1,500
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The year 2022 has seen the state of many cryptocurrencies change in a matter of days. The initial crypto crash that occurred in May, saw the likes of veteran blockchain networks like Bitcoin (BTC), Solana (SOL), Terra (LUNA) and Ethereum (ETH) plummet in value and market capitalisation. This caused many active buyers to become apprehensive about purchasing any of these established currencies due to the risk factors being higher. At the same time, buying an upper-echelon token increases your chances of succeeding in financial fruition.

Ethereum has made changes to its network post the crypto crash, changing from a proof-of-work consensus (PoW) to a proof-of-stake (PoS) mechanism. Meme coin newcomer Big Eyes Coin (BIG) is set to run on the Ethereum network, which would undoubtedly contribute to its reputation being boosted. But what are the plans for Ethereum's future?

Ethereum – A Continuously Growing Ecosystem

By market capitalization, Ethereum is the second-largest cryptocurrency behind Bitcoin. It is also a decentralised computing platform that can run a broad range of applications, including a universe of DeFi apps and services. Ethereum is distinguished from Bitcoin by its ability to create and execute smart contracts. Smart contracts enable a diverse ecosystem of Ethereum applications, including stablecoins, decentralised banking apps, and other decentralised apps (dApps).

As previously stated, Ethereum underwent an update that saw it transition from a proof-of-work system to a proof-of-stake mechanism. This improvement helped the blockchain network become more sustainable because POS is inexpensive, does not require specialised equipment, and is energy efficient. Vitalik Buterin, the Ethereum co-founder, addressed his goals for Ethereum in an interview with the Bankless podcast.

On the podcast, Buterin states that the purpose of Ethereum is left up to the ecosystem, wanting users to create their vision for the platform. Despite Ethereum suffering from the crash, you can always rely on the currency to make a strong recovery. Today ETH managed to surge over $1,600, proving it is still one of the most reliable currencies in crypto.

Big Eyes Coin – The Feline Meme Token

Big Eyes Coin (BIG) is a newcomer to the crypto market that came into inception during the year of the crypto crash. BIG's main ambition is to become the world's premier meme coin by leveraging the strength of its community. It includes a charity wallet in which 5% of the entire supply is given to ocean sanctuaries. BIG is based on the Ethereum network, which contributes to its sustainability.

The feline-themed meme coin represents an NFT Sushi Crew Club in which BIG NFTs and other well-known NFT projects are democratised for members and opportunities to earn even more money from NFTs are made available to all users. The network takes inspiration from Japanese culture and aims to reach the country's estimated 3.21 million active Bitcoin accounts. The anime sector, which is believed to be worth $24.80 billion, is targeted by styling its feline figurehead in a manga style.

\Big Eyes Coin also plans to make its debut on Uniswap (UNI), a well-known decentralised trading system that enables automatic trading of decentralised finance (DeFi) currencies. Although Big Eyes Coin entered the market in a year of disarray, it has managed to rapidly raise over $9 million only within months of existence! Get involved in the cute cat community before its official launch.

Find Out More About Big Eyes Coin (BIG) In The Links Below:

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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