The Shibarium network is set to undergo a transformational Hard Fork on May 2 with the goal of enhancing user experience, while strengthening the infrastructure that supports the network's growing ecosystem.
The Shiba Inu development team describes the upgrade as a significant step forward for Shibarium, introducing new features designed to significantly enhance network functionality and the ability to respond to community needs.
A Hard Fork in blockchain technology is a major change to the protocol that requires all nodes or users to upgrade to the latest version of the protocol software. This difference from the previous version of the blockchain will allow the introduction of new features and improvements.
Specifically, the Shibarium network will see some significant changes after the Hard Fork, especially a significant increase in transaction processing speed, making transaction validation faster, thus reducing confirmation wait times. This is important to maintain network efficiency and competitiveness.
Furthermore, the Hard Fork aims to regulate and stabilize transaction fees, especially during times of high network traffic. This adjustment is intended to prevent spikes in fees that could discourage users from making transactions.
Additionally, the update promises to enhance the security and stability of the network, providing a safe and reliable environment for conducting transactions. Improved security protocols and more robust infrastructure will ensure that the network is protected from vulnerabilities.
The Shibarium network is being prepared to scale significantly with the aim of attracting the next billion users. This not only involves enhancing the technical capabilities of the network but also ensuring that it remains cost-effective and user-friendly.
Following the Hard Fork, transaction fees will drop significantly, with rates predicted to be as low as 0.0000219 BONE ($0.00001), marking part of Shiba Inu 's broader commitment to creating a financial ecosystem comprehensive main.
This upgrade is not simply a technical modification but a strategic expansion designed to enhance the overall efficiency and reach of the Shibarium network.
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According to Bitcoinist
