Shiba

Burn

Shiba Inu

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Shiba Inu team member <a href="https://u.today/shiba-inu-team-member-shares-crucial-shibarium-update-details" rel="noopener noreferrer nofollow">Lucie</a> recently delved into the discussion of burns, citing Shiba Inu's founder Ryoshi's burning of keys to the Shiba Inu supply.
Lucie was responding to a comment on X by a community member who asked about Shiba Inu's lead, Shytoshi Kusama, and when burns were coming. In response to this, Lucie explained the reasoning behind Shiba Inu founder Ryoshi's decision to burn the keys to the Shiba Inu supply.&nbsp;
Lucie explained that <a href="https://twitter.com/LucieSHIB/status/1786009337002942676" rel="noopener noreferrer nofollow">Ryoshi's </a>burning of keys to the Shiba Inu supply "means that for anything to be burned, it must first be purchased." This implies that whatever would be destroyed must first be acquired.
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 Ryoshi's burning of keys to Shib's supply means that for anything to be burned, it must first be purchased. In order to conduct burns, you need to generate income to facilitate the process.— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1786010694221013500?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 2, 2024</a>
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"In order to conduct burns, users need to generate income to facilitate the process," the SHIB team member further <a href="https://twitter.com/LucieSHIB/status/1786010694221013500" rel="noopener noreferrer nofollow">explained</a>.&nbsp;
Lucie also addressed calls that SHIB developers do something about burns, saying that Shiba Inu's lead, Shytoshi Kusama, and the other developers are not the key to burns. This is because they do not hold tokens to burn.&nbsp;
Lucie highlighted that the <a href="https://u.today/shiba-inu-crucial-alert-sent-out-to-shib-community-in-wake-of-this-alarming-trend" rel="noopener noreferrer nofollow">SHIB community</a> is the driving force behind burns, such as burning tokens or transactions. This explains why the focus is on drawing additional projects to Shibarium and encouraging users to bridge. Lucie claims this is how more SHIB will be burned.&nbsp;
<h2 id="shiba-inu-layer-2-shibarium-to-undergohardfork">Shiba Inu layer 2 Shibarium to undergo&nbsp;hard&nbsp;fork</h2>
The impending hard fork of the <a href="https://u.today/shiba-inu-team-member-shares-crucial-shibarium-update-details" rel="noopener noreferrer nofollow">Shibarium</a> network marks a watershed moment in the evolution of Shiba Inu's blockchain ecosystem.
The Shibarium hard fork includes significant updates to two key components of the Shiba Inu blockchain ecosystem: Bor and Heimdall. These fixes are intended to improve network efficiency, optimize consensus mechanisms and introduce additional scalability-supporting functions.
The hard fork events are planned as follows: Shibarium Bor Hard Fork: May 2, 2:30 a.m. EST (block height: 4504576). The Shibarium Heimdall Hard Fork is slated for May 3 at 12:30 a.m. EST (block height: 3941864). This hard fork implements milestones to reach deterministic finality on the Shibarium network, which improves transaction confirmation reliability.

Shiba Inu (SHIB) Key Burn Mystery Unraveled by Team Insider: Details

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