Shiba

2024

Shiba Inu

Coin

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 <li><strong>Shibarium’s hard fork will burn 70% of transaction fees, aiming to reduce SHIB supply and boost its value.</strong></li> 
 <li><strong>The upgrade includes a new burn mechanism and directs 30% of fees to Shibarium’s ecosystem development.</strong></li> 
 <li><strong>Despite significant transaction and wallet growth, Shibarium’s recent activity has slowed, highlighting a need for the upgrade.</strong></li> 
</ul> 
<p>Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is set to introduce a hard fork aimed at significantly increasing the rate of SHIB token burns. This new upgrade, featuring a revamped version of Bor, the network’s core component, promises to transform the way transaction fees are handled, with a substantial portion being burned to reduce the overall supply of SHIB tokens.</p> 
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   <p lang="en" dir="ltr">We're launching a Hard Fork with the new Bor version! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6e0.png" alt="🛠" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>On August 9, 2024, at 9:15 AM UTC, we're launching Bor version v1.1.2-bone. This version introduces a burn mechanism to enhance our ecosystem. <br><br>Get ready for the <a href="https://twitter.com/hashtag/BURN?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BURN</a>! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— Shibarium Network (@ShibariumNet) <a href="https://twitter.com/ShibariumNet/status/1821582949298700683?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 8, 2024</a>
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<p>The primary feature of this hard fork is a new burn mechanism directly linked to base transaction fees. Under this mechanism, 70% of the base transaction fees …</p>
<p>The post <a href="https://coinedition.com/shibariums-new-hard-fork-how-70-of-fees-will-supercharge-shib-burns/">Shibarium’s New Hard Fork: How 70% of Fees Will Supercharge SHIB Burns</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Shibarium’s New Hard Fork: How 70% of Fees Will Supercharge SHIB Burns

Coin Edition

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