- The Significance of the Tech Upgrades
- What the Cancun Hard Fork Will Bring
- SHIB Price Soars While Burn Rate Dips
In a recently published tweet, the official marketing lead of the Shiba Inu team, Lucie, highlighted the importance of the upcoming new hard fork on the Shibarium network.
The Significance of the Tech Upgrades
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. 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.'
What the Cancun Hard Fork Will Bring
Cancun is expected to boost transaction speed on Shibarium, ensure the storage system runs more efficiently, and improve the overall user experience. The importance of Puppynet for Shibarium developers lies in the ability to test certain functions and aspects of the mainnet before implementing them on Shibarium. Additionally, like other testnets, Puppynet utilizes zero value, meaning all tokens on it are 'not real' and worthless.
SHIB Price Soars While Burn Rate Dips
At present, the Shib burn rate is negative, showing minus 5.09%. The total amount of meme coins locked in 'inferno' wallets since yesterday morning comprises 10,560,253 SHIB. Meanwhile, news about the upcoming hard fork coincided with a 5% price increase in the second-largest meme coin SHIB over the last 24 hours.
The Cancun hard fork is expected to bring significant enhancements to the Shibarium network and be beneficial for developers. It will allow for testing new functions and checks on Puppynet, ensuring higher efficiency and security in the main network.
Comments