Shiba inu

After the hard fork, the boom of the crypto SHIB?

20h45 ▪
min of reading ▪ by
Mikaia A.

The Shiba Inu Layer 2 ETH blockchain has just completed its hard fork, a major development for the crypto community. This evolution aims to speed up and make transactions on this network more predictable, according to the developers at Shiba. Many are wondering if this advancement could be a game-changer for the memecoin SHIB.

Shibarium: Towards a New Chapter

The SHIB crypto is indeed going through a tough period, with a significant decline in its value that concerns investors. Some even claim that it is on the brink of collapse.

And yet, a shockwave has shaken the cryptographic community with the recent announcement of the completion of the Shibarium hard fork, Shiba Inu’s Layer 2 solution. But what exactly is a hard fork? Imagine it as a fork in the road, where a path already taken embarks on a new direction, leaving the past behind.

This new hard fork promises «ultra-fast» transactions and «predictable» gas fees. A revolution in the complex world of blockchain. But what prompted this radical change? Shiba Inu developers have stated that this update was essential to unlock “higher-level capabilities” on the Shibarium network. A necessary evolution to simplify engagement through this revolutionary blockchain.

The improvement of user-friendliness and performance was a top priority for Shibarium users. And this transformation aims to make the platform more accessible and secure than ever. But the road to the future is not without its challenges.

Security has been a major concern during the implementation of the hard fork. Developers have invited users to provide feedback to continuously improve the platform.

Speaking of the future, the Shibarium network is about to undergo another major change with the Bor and Heimdall updates. These are designed to significantly strengthen the network, paving the way for new possibilities.

What Are the Effects of the Hard Fork on SHIB Crypto?

Predictions are flying high: some analysts see in this evolution a glimmer of hope for SHIB. Despite a recent price drop, signs of optimism are emerging, fuelling speculations about a possible surge.

As a reminder, in early April, the price of the Shiba Inu cryptocurrency was hovering around $0.00002867 before plunging to nearly $0.00002126. However, a rebound soon manifested, rising to $0.00002692 before falling back into the uncertainty.

May, historically a favorable month for SHIB, could well see fortunes turning in its favor, with an impressive average return of 99.3%.

Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Mikaia A. avatarMikaia A. avatar

Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *