In a recent X (formerly Twitter) post, Shiba Inu marketing lead, Lucie shared a blog highlighting the date for the upcoming launch of Shibarium’s network hard fork. According to Lucie, the new update will deliver fresh and advanced features for community members and users within the Shibarium ecosystem.
On Friday, April 25, The Shib Magazine unveiled the dates for the highly anticipated Shibarium network hard fork. Within the Shiba Inu community, the upcoming hard fork has been a subject of discussion, with many SHIB enthusiasts eagerly anticipating the date of the upgrade.
The Shib magazine has disclosed that on Thursday, May 2, the Shibarium network would undergo the hard fork. For more clarity, a hard fork is a significant change or update to an entire blockchain protocol. It creates a new version of the network, introducing new features, benefits and an overall improvement to the network.
The Shiba Inu team has emphasized that the initiation of the hard fork was in commitment to constantly delivering value to its rapidly growing community. Additionally, it aims to provide a user-centric and accessible ecosystem, where community members can effectively engage with its offerings.
According to the Shib magazine, the upcoming hard fork effectively aligns with Shiba Inu’s expansion and developmental plans. The hard fork is set to pave a clearer path for SHIB’s ambitious vision, which involves preparing the network “to onboard the next billion users.”
What To Expect From The Shibarium Hard Fork The Shibarium’s hard fork is expected to bring new changes and improvements to its network and ecosystem. The Shib magazine has disclosed that the upcoming hard work will significantly enhance network transaction speed and grossly reduce transaction fees.
The Shiba Inu team has promised that users will benefit from modifications in transaction processing time, which would significantly boost Shibarium’s already efficient network, making it faster and more reliable. Additionally, Shiba Inu will introduce lower fees, making transactions more cost-effective for new and existing users.
Notably, Shibarium’s current transaction fees are as low as $0.0000219 BONE; however, with the launch of the hard fork, the fees would potentially go even lower. The Shiba Inu team has urged users to stay prepared for the upcoming hard fork, highlighting its potential to issue in the next wave of users while creating more opportunities for improvements in scalability and efficiency in the Shibarium network.
SHIB price struggles to hold $0.000024 support | Source: SHIBUSDT on Tradingview.com Featured image from Fast Company, chart from Tradingview.com
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Scott Matherson Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.