Shibarium Set for Major Upgrade on May 2: Aiming for Faster Speeds and Lower Costs

Set for a major upgrade on May 2, 2024, Shibarium promises enhanced speeds and reduced costs, potentially attracting one billion new users and making blockchain technology more accessible and efficient than ever.

Enhancing an Already High-Speed, Low-Cost Infrastructure

Shiba Inu (SHIB) announced on April 26, 2024, that it will implement an upgrade introducing a series of new features to its Ethereum Layer-2 blockchain, Shibarium, on May 2, 2024.

This upgrade aims to enhance user experience and empower the community of innovators and developers. It is reported that the network will become faster and

Shibainu (Shiba Inu/SHIB) announced on April 26, 2024 that it will be implementing an upgrade on May 2, 2024 that will introduce a series of new features to Shibarium, Ethereum's Layer 2 blockchain.

The upgrades are intended to improve the user experience and empower the community of innovators and developers, which will reportedly make the network faster, more cost-efficient, and able to handle large new user participation The following is a list of the new features.

The Shibarium upgrade was described on The Daily Shib, the official news site of SHIB, which reported the upgrade as follows

more cost-efficient, better accommodating a large influx of new users.

Further Acceleration of Transactions

The upcoming upgrade is expected to significantly increase the speed of transactions within the Shibarium network. Users should notice a marked improvement in transaction processing speeds within 24 hours from the upgrade.

Additionally, the reduction in block processing time will make transaction fees more predictable, enhancing the usability and performance of Shibarium.

Reduction and Smoothing of Transaction Fees

Transaction fees on the Shibarium network will be further reduced, making it more cost-effective for both existing and new users.

The upgrade aims to smooth out fee fluctuations during peak network usage times, ensuring fair and predictable costs for all users. This adjustment will make the entire Shibarium platform more affordable.

Increased Transparency and Efficiency in the Burn System

By adopting cutting-edge methods from a broader cryptocurrency community, Shibarium aims to stay at the forefront of technology, enhancing the transparency and efficiency of its burn system.

These changes will not only make Shibarium more user-friendly but also more robust and secure, providing developers with the best tools for building services and innovating.

Preparing for the Acquisition of One Billion New Users?

Shibarium is a Layer-2 blockchain that utilizes the cryptocurrency BONE as a gas token and has already achieved a fast and low-cost transaction environment, even before this upgrade.

Transactions complete in just a few seconds, with transaction fees currently around 0.00053 BONE at the time of writing.

The announced upgrade aims to further improve transaction speed and costs, making it possible to use the network with little concern for speed and fees post-upgrade.

Shiba Inu is planning to engage one billion new users, with recent reports of involvement from major corporations like Adobe, Amazon, Apple, and Disney in the Content Delivery & Security Association (CDSA), suggesting that this upgrade is part of Shibarium's preparation for widespread adoption.

>> Read the latest SHIB-related articles here.