Ethereum Merge and its potential impact on Ethereum Classic and Big Eyes Coin – what you need to know

The Ethereum merger is one of the most anticipated events of 2022. It is a necessity for Ethereum to enable it to be competitive in the current world green revolution. Many blockchains are already developing protocols to reduce carbon and energy emissions into the atmosphere, and Ethereum, the leading blockchain for DeFi, had to lead by example.

The merger is now imminent as Ethereum recently completed the first step of the upgrade called the Bellatrix upgrade, which will usher the network into the second and final step of the transition called the Paris upgrade. The upgrade is expected to take 2 to 3 days, meanwhile normal Ethereum activities can continue at risk.

The merger will go smoothly, confirms the Ethereum Foundation. However, there are some pros and cons associated with the merger. One of the downsides that we will capitalize on in this context is “the fate of Ethereum miners”. Also, how does the merger affect altcoins like Ethereum Classic (ETC) and Big Eyes Coin – a new cryptocurrency on the market?

The fate of Ethereum miners after the merger

The merger will shift the Ethereum network from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus network. Ethereum miners with heavy and costly equipment that depend on the Ethereum mining job may be looking for alternative cryptocurrencies that still use the mining protocol – and their number one target would probably be Ethereum Classic.

The forked Classic Coin from Ethereum

Ethereum underwent a major fork in 2016 after its DAO hack that spawned the Ethereum Classic (ETC). Since then, Ethereum Classic has been an independent network powered by the ETC coin. Like Ethereum, ETC validated transactions in a similar way using Proof of Work, which is still widely used today.

Ethereum network miners prior to the merger will now lean towards ETC. Ethereum Classic may serve their mining needs as the merger is imminent. When the news of the merger date was announced, Ethereum Classic was in a positive trend, which could indicate that miners and traders are already keeping a close eye on the coin.

Big Eyes Coin could follow the high

Big Eyes Coin (BIG) is a meme token and the native coin behind the Big Eyes ecosystem. Big Eyes Coin aims to promote charity and boost liquidity in DeFi through its ecosystem of NFTs and crypto trading.

The Ethereum merge could also impact $BIG’s prices in one way or another when it fully launches and ICOs. At the time of writing, Big Eyes Coin is still on presale. The pre-sale will also end soon as it has almost reached its milestone of suggested community members.

Doors remain open to interested individuals or institutions who wish to join Big Eyes’ governance and receive future rewards and discounts. You can start by visiting the Big Eyes official website or the Telegram community below.

Big Eye Coin (BIG)

pre sales: https://buy.bigeyes.space/?section=buy

website: https://bigeyes.space/

telegram: https://t.me/BIGEYESOFFICIAL

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