Shiba Inu team member Lucie recently delved into the burning discussion, citing Shiba Inu founder Ryoshi’s burning of keys to Shiba Inu’s supply.
Shiba Inu team member Lucie recently delved into the burning discussion, citing Shiba Inu founder Ryoshi’s burning of keys to Shiba Inu’s supply.
Lucie was responding to a comment on X from a community member who asked about Shiba Inu protagonist Shytoshi Kusama and when the burns would occur. In response to this, Lucie explained the reasoning behind Shiba Inu founder Ryoshi’s decision to burn the keys to Shiba Inu’s supply.
Lucia explained that ryoshi Burning keys from the Shiba Inu supply “means that in order to burn anything, it must first be purchased.” This implies that everything you want to destroy must be acquired first.
“To perform burns, users need to generate income to facilitate the process,” the SHIB team member added. explained.
Lucie also addressed calls for the SHIB developers to do something about the burns, saying that Shiba Inu leader Shytoshi Kusama and the other developers are not the key to the burns. This is because they have no chips to burn.
Lucie highlighted that the SHIB community is the driving force behind burns, such as burning tokens or transactions. This explains why the focus is on attracting additional projects to Shibarium and encouraging users to create bridges. Lucie claims that this is how more SHIB will be burned.
Shiba Inu Layer 2 Shibarium Will Undergo a Hard Fork
The impending hard fork of the Shibarium network marks a watershed moment in the evolution of the Shiba Inu 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 support features.
The hard fork events are planned as follows: Shibarium Bor Hard Fork: May 2, 2:30 am EST (block height: 4504576). The Shibarium Heimdall Hard Fork is scheduled for May 3 at 12:30 am EST (block height: 3941864). This hard fork implements milestones to achieve deterministic finality on the Shibarium network, improving the reliability of transaction confirmation.
