Shiba

Franklin

Shiba Inu

Spot

The <a href="https://coinmarketcap.com/currencies/shiba-inu/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> development team is readying for a substantial overhaul of the Shibarium network, slated for a hard fork on May 2nd.
“This pivotal change is designed to reshape the user experience and bolster the network’s infrastructure to support a rapidly expanding ecosystem,” shared through official channels including X and a comprehensive blog post.
In blockchain technology, a hard fork mandates all users and nodes to upgrade to the newest software version, paving the way for innovative features and enhancements.
The impending Shibarium hard fork will introduce significant changes.
One core objective is to boost transaction processing speeds, promoting network efficiency and reducing bottlenecks.
Additionally, the hard fork aims to stabilize transaction fees, especially during peak network usage, to make transactions more affordable and inviting for users.
Security and stability are also focal points.
READ MORE: <a href="https://www.cryptointelligence.co.uk/franklin-templeton-launches-spot-ether-etf-on-dtcc-platform-amid-sec-review/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Franklin Templeton Launches Spot Ether ETF on DTCC Platform Amid SEC Review</a>
The upgrade will implement improved security measures and fortify the network infrastructure to safeguard against potential vulnerabilities, ensuring a safe environment for transactions.
The Shiba Inu development team’s blog post, titled “Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future,” highlights a strategic vision extending beyond immediate gains.
The goal is to prepare Shibarium for mass adoption, enhancing network capabilities while maintaining affordability and user-friendliness.
Anticipating a significant reduction in transaction costs, the team projects fees as low as 0.0000219 BONE ($0.00001), emphasizing inclusivity within the financial ecosystem.
With the Shibarium hard fork scheduled for May 2nd, the community is urged to stay informed about ongoing developments and prepare for the changes.
This upgrade marks a crucial phase in Shibarium’s evolution, aiming to enhance its effectiveness and accessibility.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Shiba Inu Prepares for Shibarium Network Overhaul with May 2nd Hard Fork

Crypto Intelligence

Other articles published on Apr 29, 2024

Is Ethereum Foundation Selling Satoshi-Era Ethereum? Mythical $6 Million ETH Transfer

ETH Transaction Fees Drops to Lowest Since October 2023

Crypto Market Movers: Best Coins to Watch Today

Worldcoin executives meet Malaysian leaders

Lido Finance Hits Significant Milestone with One Million Validators

Shiba Inu Crypto Plummets Below 50-Day EMA: Bearish Days Ahead?

Join our free newsletter for daily crypto updates!