Shiba

2024

Million

April

Shiba Inu

Shiba Inu has scheduled a hardfork upgrade for its layer-2 scaling solution, Shibarium, for May 2. This hardfork is designed to improve the platform’s overall functionality and enhance user experience and system performance.
The update is anticipated to optimize transaction fee dependability and speed up block processing periods, which are key to preserving the network’s competitiveness.
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 2/ Consider a hard fork as a necessary update to unlock next-level capabilities in our network. This isn't just a technical shift; it's about delivering new value and simplifying engagement with Shibarium.— Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1783558617766952960?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 25, 2024</a>
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Additionally, these enhancements will address the variability of transaction fees, a common concern among users during peak traffic times, thereby increasing the affordability and accessibility of the network.
To solidify its market position, the Shibarium upgrade will also focus on increasing the transparency of the SHIB burn system. This system is vital for reducing the overall token supply, potentially increasing value sustainably over time. In addition to this, the hardfork will bring major security changes that will provide users with a safer and more secure platform.
The updates to Shibarium will improve its reputation as an efficient, secure, and user-oriented blockchain platform, thus increasing its impact on the digital currency ecosystem in general. This focus on improving security measures aligns with Shibarium’s goal to evolve continuously as a pioneering blockchain technology.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/22/shiba-inu-launches-12-million-funding-round-for-new-blockchain/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Shiba Inu Raises $12 Million For A New Privacy Blockchain</a>
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Shiba Inu Prepares for Shibarium Hardfork Upgrade on May 2

The Crypto Times

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