Shiba

2024

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">In a recently published tweet, the official marketing lead of the Shiba Inu team Lucie revealed the importance of the approaching new hard fork on Shibarium.</p>
<p lang="en-GB" xml:lang="en-GB">The upgrade is called Cancun and it is the second <a href="https://u.today/shiba-inu-ecosystem-getting-major-tech-upgrade" rel="noopener noreferrer nofollow">hard fork to be rolled out</a> by the Shiba Inu developers this year. Along with that, the team will roll out a major upgrade for Puppynet.</p>
<h2 id="lucie-underscores-importance-of-coming-tech-upgrades">Lucie underscores importance of coming tech upgrades</h2>
<p lang="en-GB" xml:lang="en-GB">Lucie tweeted that this upgrade will be targeted at improving Shibarium and its testnet known as Puppynet. “It’s very important for developers,” Lucie pointed out.</p>
<p lang="en-GB" xml:lang="en-GB">She also stressed that Cancun will help the developer team to roll out “some awesome changes that will make things run smoother, faster, and safer.”</p>
<blockquote>
 <p lang="en" dir="ltr">This upgrade is for Puppynet and it’s very important for developers! 🚀We’re rolling out some awesome changes that will make things run smoother, faster, and safer.</p>— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1834647386028753055?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">In a recently issued tweet, the official Shibarium account spread the word that the Puppynet Bor bone-beta + Cancun hard fork will be implemented next Friday at 8 a.m. UTC. The post also recommended the community to update their nodes “for top performance and security.”</p>
<h2 id="here-s-what-cancun-hard-fork-will-bring-to-shibarium">Here's what Cancun hard fork will bring to Shibarium&nbsp;</h2>
<p lang="en-GB" xml:lang="en-GB">Cancun is expected to give a boost to transaction speed on Shibarium, make sure the storage system runs in a more efficient manner, and that the overall user experience improves.</p>
<p lang="en-GB" xml:lang="en-GB">The importance of Puppynet for Shibarium developers is about being able to test certain functions and aspects of the mainnet and toy with them before bringing them on Shibarium. Besides, like any other testnet, like Sepolia for Ethereum, it utilizes zero value, i.e., all the tokens on it are “not real” and worthless.</p>
<blockquote>
 <p lang="en" dir="ltr">Shiba Inu Ecosystem Upgrade! 🚀Puppynet Bor bone-beta + Cancun Hard Fork drops this Friday at 8am UTC! 🔥Update your nodes for top performance &amp; security! <a href="https://t.co/vOkA9AqUVv" rel="noopener noreferrer nofollow">pic.twitter.com/vOkA9AqUVv</a></p>— Shibarium Network (@ShibariumNet) <a href="https://twitter.com/ShibariumNet/status/1834636963480993822?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 13, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Cancun will be the second major Shibarium update after Bor, which was rolled out this summer. Among other things, this hard fork introduced the automated SHIB burn mechanism on Shibarium, which had been prior to that tested on Puppynet since January. Now, thanks to it, SHIB burns on Shibarium are conducted automatically after BONE fees get converted into Shiba Inu tokens.</p>
<h2 id="shib-price-soars-while-burn-rate-dips">SHIB price soars while burn rate dips</h2>
<p lang="en-GB" xml:lang="en-GB">Today’s Shib burn rate is negative so far, showing <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">minus 5.09%</a>. The overall amount of meme coins that have been locked in “inferno” wallets since last morning comprises 10,560,253 SHIB.</p>
<p lang="en-GB" xml:lang="en-GB">In the meantime, the release of news about the upcoming hard fork have coincided with a <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">5% price increase</a> demonstrated by the second largest meme coin SHIB during the last 24 hours.</p>

Importance of Upcoming Shibarium Upgrade Explained by SHIB Team

Table of Contents

U_Today

Other articles published on Sep 14, 2024

Floki's Valhalla Partners with OG Esports as Official Jersey Sleeve Sponsor

Coinpedia Fintech News

Hamster Kombat September 14: Daily Combo Card and Cipher Code

Expert Notes Growing Role of Crypto in U.S. 2024 Presidential Elections

Famous Investor Suffers Multi-Million Dollar Loss on Altcoin Trade! Had Opened a Long Position

Ethereum Foundation Researcher Leaves After 7 Successful Years With ETH

Join our free newsletter for daily crypto updates!