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The Merge, which saw Ethereum shift from the Proof-of-Work to the Proof-of-Stake blockchain validation system, has been one of the biggest stories within the crypto ecosystem this past year.
One question that has come up regarding The Merge is what it will do to projects surrounding Ethereum such as Polygon, or tokens built directly on the Ethereum blockchain such as Shiba Inu and Big Eyes Coin.
In this article, we will look at Polygon, Shiba Inu, and Big Eyes Coin, to try and ascertain what The Merge may do for these projects in 2022.
Will Polygon Survive The Merge?
Polygon, despite not being built on the Ethereum network, is a project linked directly to it. What happens to Ethereum will directly impact Polygon, and The Merge is no exception.
Polygon describes itself as a decentralised Ethereum scaling platform, to provide dApp developers with the tools they need to create user-friendly, scalable dApps with low transaction fees while retaining the benefits of the Ethereum network, like their security.
The Merge has put Polygon in a unique position, as with this shift, Ethereum has become far more scalable, with the Proof-of-Stake system able to handle far more information as the network develops. Slow and expensive transactions will no longer be a hallmark of using the Ethereum network, making it interesting to predict what of Polygon’s functionality will remain useful now that many of these issues have been resolved.
Despite this, Polygon is still doing well, having risen in value by roughly $0.14 this past month.
What is the future of Polygon, and how will it adapt to changes brought on by The Merge? We will just have to wait and see.
Shiba Inu Barks Up The Right Tree
ERC-20 cryptocurrency Shiba Inu is one of the biggest meme tokens in today’s crypto market.
Being built on Ethereum, the impact of The Merge will also go on to directly affect Shiba Inu, bringing the project the same benefits that Ethereum is experiencing.
Through The Merge, Ethereum and subsequent ERC-20 tokens will benefit from quicker, cheaper and more energy-efficient transactions, which in turn also allows for wider scalability for projects in the future. With Shiba Inu having experienced such rapid growth since its launch, this scalability is crucial, to allow the project to reach its full potential.
But just how big will Shiba Inu grow thanks to The Merge? Only time will tell.
Big Eyes Coin Sets Sail To Save The Oceans With The Merge
One of the latest projects built on the Ethereum blockchain is ERC-20 token Big Eyes Coin.
Like Shiba Inu, Big Eyes Coin is also a meme token. However, Big Eyes Coin has been intentionally designed to be something of an antithesis of Shiba Inu, doing so through its cat-themed token mascot, wide usage case, and a multitude of goals set up from the first moments of the project’s creation.
One such goal is to save the oceans, which it intends to do in multiple ways.
Big Eyes Coin chose to build its project on the Ethereum blockchain due to the potential brought about by The Merge, with the environmental factor in particular being a major factor in the project going with Ethereum. To save the oceans, Big Eyes Coin understood that it had to be built on an environmentally friendly blockchain, and with The Merge, Ethereum became a potential option.
The other way that Big Eyes Coin is saving the oceans is through its charity drive. Held in a charity is 5% of all BIG tokens, which will be donated to ocean charities across the course of Big Eyes Coins’ roadmap. These donations’ value will therefore be linked directly to the value of BIG tokens, giving great incentive to the community to work towards building up the notoriety of the project.
To get involved with Big Eyes Coin, check out the links below:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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