GPU Miner’s problems with Ethereum Shanghai and Big Eyes Coin NFTs come to fruition

The Ethereum (ETH) network has been growing in popularity over the years due to its potential as a decentralized platform for implementing smart contacts and decentralized applications (dApps) which has attracted a host of users and developers. The ETH blockchain is in the process of an update that should mitigate several shortcomings and bring much needed improvements with the Ethereum Shanghai upgrade.

To be clear, the Shanghai Upgrade is a series of upgrades that will be rolled out in 4 stages.

1. Stage 0: Beacon series It was launched in December 2020 and operates under the Proof of Stake (PoS) mechanism compared to the previous Proof of Work (PoW) consensus. Under the current PoW consensus mechanism, miners have been able to compete to solve complex mathematical problems via Graphics Processing Units (GPUs or graphic cards). The PoW framework was inefficient due to the energy-intensive process which also required a great deal of computational power. PoS will allow network participants to validate transactions by placing their ETH holdings as collateral, incentivizing them to keep the network secure thereafter.

2 – The first stage: chard chains They are smaller chains that run parallel to the main Ethereum chain. This will enable the blockchain to process more transactions in a given time.

3. Stage 1.5: merge It will then integrate the existing Ethereum mainnet with the Ethereum 2.0 beacon chain which will move the network to a PoS consensus. This is an important network upgrade as it greatly improves the energy efficiency of the blockchain.

4 – Stage 2: State execution It will allow the execution of smart contracts on Shard chains.

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Features of Ethereum 2.0

The goal of Ethereum 2.0 (ETH 2.0) is to make it easier for users to access and manage their accounts and assets. New features such as the unified account system will be introduced. The unified account system will allow users to access their accounts on different devices with a single login.

Asset management will also be introduced which will enable multi account support which will allow users to manage multiple accounts from within a single wallet. The user interface will also be improved resulting in a more user friendly experience.

The most important updates is to improve network speed and efficiency. These performance improvements will also help with scalability which in turn will make it a more attractive platform for both developers and users.

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Big Eyes Coins NFTs

Big Eyes Coin (BIG), a cute cat-themed meme cryptocurrency that is currently in pre-sale, managed to raise nearly $33 million during pre-sale. BIG has already started its NFT sales via and has allowed investors to start minting NFTs that have been rewarded to them via loot boxes.

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BIG’s community attendance is very big right now and Big Eyes will be hosting “Ask Me Anything” this Thursday, April 6thy via their telegram channel. This is the opportunity that many investors who have been reluctant to invest have been waiting for.

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