Shibarium Officially Confirms Upcoming Hardfork Launch, Introducing SHIB Burn Mechanism
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Shibarium's official X handle has announced a significant update for the Layer 2 network, with a hard fork set to introduce the long-awaited SHIB burn mechanism. The update will take place today, August 9, 2024, at 9:15 AM (UTC). Post-hard fork, they will release a new Bor version, v1.1.2-bone.
The SHIB burn mechanism is designed to reduce the overall supply of SHIB tokens, potentially increasing their value. This new feature has been highly anticipated by the community and is expected to bring significant changes to the network.
The hard fork and subsequent release of the new Bor version show Shibarium's ongoing efforts to innovate and improve the utility of the SHIB token. The introduction of the burn mechanism aligns with their strategy to add more value to SHIB and gain a more substantial hold in the cryptocurrency market.
Булак: coinpedia.org ↗
