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Shiba Inu has announced a transformative hardfork for its Shibarium platform, set for May 2, promising enhanced features and a surge in SHIB's price by 3.2% in response to the news.
Shibarium Hardfork Set for May 2: Enhanced Features to Boost Usability and Strengthen Developer Community
Shiba Inu (SHIB) intends to introduce a hardfork on its Layer-2 scaling solution, Shibarium, as part of its transformative update, Coingape reported.
The hardfork is set to go live on May 2nd, adding key critical features that will improve user experience on the protocol. In addition, improvements are planned to strengthen SHIB's developer and innovator community.
The protocol's developers are certain that the hardfork will unleash the network's next level of capabilities and functionalities.
“This isn’t just a technical shift; it’s about delivering new value and simplifying engagement with Shibarium,” Shiba Inu posted on its official X page.
The Shibarium hardfork upgrade will improve protocol aspects, including faster block processing times and more predictable transaction fees. This is a direct response to community comments aimed at improving the platform's usability and performance.
During this revolutionary upgrade, Shiba Inu intends to solve the issue of transaction cost variances during peak traffic periods. Furthermore, the L2 aims to make charges more predictable and equitable for all users. In the foreseeable future, this would help to ensure that the platform remains affordable and accessible.
Shibarium Hardfork Upgrade to Boost SHIB Network Security, Promising Enhanced Stability and User Trust
Achieving solid security, scalability, and consistency for every crypto technology is critical to maintaining user trust. After understanding this essential foundation, the Shibarium hardfork upgrade aims to improve the security and consistency of the SHIB network.
SHIB identified Shibarium's adoption and integration of innovative methods as one approach to maintaining its relevance in the crypto market as a true technology pioneer. These techniques are crucial for increasing openness and efficiency in the SHIB burn system.
With these features, Shiba Inu believes Shibarium will become more resilient, secure, and user-friendly.
The announcement of the forthcoming Shibarium hardfork has caused an upswing in the SHIB ecosystem. The SHIB price reacted positively to the news, rising 3.2% in 24 hours.
At the time of writing, the cryptocurrency was priced at $0.00002602. Coingape claimed that the Shiba Inu burn rate increased by more than 2000% on April 25, adding excitement about a potential return in the SHIB price following a recent slump and a general crypto bear market.
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