Shiba Inu is preparing for an upcoming hard fork scheduled to launch on May 2nd, which will change its layer-2 blockchain, Shibarium. Leading up to this event, the team is introducing a range of new features to improve the user experience and support our community of innovators and developers. This isn’t just any upgrade; it aims to unlock advanced capabilities to provide added value and streamline interaction.
As per the official announcement, the hard fork aims to turbocharge block processing speed and iron out transaction fees, addressing community suggestions to enhance platform usability and efficiency. Additionally, it aims to stabilize transaction fees during peak traffic periods, ensuring fair and predictable costs for all users. These efforts are geared towards maintaining an affordable and inclusive platform.
By incorporating bleeding-edge practices from the broader crypto community, we ensure Shibarium stays at the forefront of technology, enhancing transparency and efficiency in our burn system. These changes will make Shibarium not only easier to use but also more robust and secure, ensuring you have the best tools at your fingertips to build and innovate.
Furthermore, this hard fork will enhance the security and consistency of the network, providing a solid foundation for future projects. This upgrade follows a recent $12 million investment in their latest project, a Fully Homomorphic Encryption [FHE] blockchain. According to TronWeekly, the FHE integration aims to significantly improve the privacy and security of online interactions within the SHIB domain.
Shiba Inu’s DeFi Boundaries Pushed with Latest Upgrades
“At Shiba Inu, we are dedicated to empowering you—our pioneers in innovation. These upgrades are meant to support you in pushing the boundaries of what’s achievable in DeFi,” as stated in the official post.
Boosting SHIB’s adoption, the Robinhood app has expanded its cryptocurrency options for New York users, now including Shiba Inu, Avalanche [AVAX], and Compound [COMP]. This update enables users to conveniently engage in buying, selling, and trading these in-demand crypto assets, providing a thrilling chance to diversify their investment portfolios.
Just recently, the trading platform carried out a massive trade, transferring an astounding 3 trillion Shiba Inu tokens, generating considerable excitement in the cryptocurrency community.