Shiba

April

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">The team behind the Shiba Inu (SHIB) meme coin project has teased a major hardfork for Shibarium. Taking to its official X handle, the protocol’s developer&nbsp;<a href="https://twitter.com/Shibtoken/status/1783558609776812059" rel="noopener noreferrer nofollow">said</a> the upgrade is expected to go live on May 2 and will herald unique growth tracks for the Ethereum-based layer-2 scaling solution.</p>
<h2 id="big-benefits-of-shibarium-hard-fork">Big benefits of Shibarium hard fork</h2>
<p dir="ltr">According to the announcement, the Shibarium hard fork will make it possible for the L2 to unlock new levels of capabilities. The team highlighted that this upgrade is about simplifying engagements with Shibarium. This in turn is a direct push to meet the expectations of its community.</p>
<p dir="ltr">One of the major updates that will be made is the quicker block processing times that will be infused into Shibarium. Additionally, more predictable transaction fees will be introduced as this will directly address the performance concerns of the community.</p>
<p dir="ltr">Shibarium is a protocol with highly&nbsp;<a href="https://u.today/shiba-inus-shibarium-witnesses-epic-key-metric-growth" rel="noopener noreferrer nofollow">unstable performance metrics</a>. In periods of high traffic, the transaction fee is typically varied, a major issue that needed prompt addressing. With this Shibarium hard fork, the team said it will smooth out this transaction fee variation and make the cost more predictable for all.</p>
<blockquote>
 <p lang="en" dir="ltr">4/ We are also smoothing out transaction fee variations during high traffic times, making costs more predictable and fair for everyone. This ensures our platform remains affordable and accessible.</p>— Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1783558622519115791?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 25, 2024</a>
</blockquote>
<p dir="ltr">The team is also interested in innovations that will place Shibarium at the forefront of the blockchain tech sector. It pointed out that its ultimate goal is to empower its community such that it can truly innovate without limitations.</p>
<h2 id="one-major-omission">One major omission</h2>
<p dir="ltr">To balance out the yearnings of the community, many members, though appreciative of the hard fork, are not pleased that there was silence about the automatic burning of SHIB.</p>
<p dir="ltr">Shiba Inu as a token is deflationary, and the burning approach is still done manually. Though there have been significant gains in the&nbsp;<a href="https://u.today/shib-burns-skyrocket-2076-after-recent-shib-announcement" rel="noopener noreferrer nofollow">burn rate</a> thus far, that it is manual leads to some consistent stoppages or downtimes.</p>
<p>Proponents believe that with a dedicated automatic&nbsp;<a href="https://u.today/heres-shiba-inu-shib-maneuver-that-can-change-its-price-outlook" rel="noopener noreferrer nofollow">burn portal</a>, Shiba Inu can further be placed on a bullish pedestal in valuation boost.</p>

Shiba Inu (SHIB) Teases Big Plans for Shibarium Hard Fork: Details

Table of Contents

U_Today

Other articles published on Apr 26, 2024

Cryptocurrency Picks to Consider for a Profitable Bull Run Portfolio

Bitcoin (BTC) Bulls Praise New Ethereum (ETH) Competitor Priced Under $0.05 as the Best Cheap Alt...

Credefi Price Prediction: CREDI Soars 12% As This Green AI Transportation Presale Races Towards $...

Decimal Digest

Crypto-to-crypto swaps, explained

Emerging Altcoins Priced Under a Dollar Shine in the Crypto Spotlight

Join our free newsletter for daily crypto updates!