A member of the Shiba Inu team named Lucie recently broached the subject of burns, bringing up the burning of keys to the Shiba Inu supply by Ryoshi, the originator of Shiba Inu.
In response to a community member’s question on X regarding Shiba Inu’s lead, Shytoshi Kusama, and the impending arrival of burns, Lucie was answering. In answer, Lucie gave the justification for Ryoshi, the originator of Shiba Inus, burning the keys to the Shiba Inus supply.
Ryoshi’s burning of the Shiba Inu supply’s keys, according to Lucie, “means that for anything to be burned, it must first be purchased.” This suggests that something needs to be gained before it can be destroyed.
https://x.com/LucieSHIB/status/1786010694221013500
The SHIB team member went on, “Users must generate income to facilitate the process in order to conduct burns.”
In response to requests that SHIB developers take action regarding burns, Lucie stated that Shytoshi Kusama, the chief developer for Shiba Inus, and the other developers are not the cause of burns. This is a result of the fact that they lack burning tokens.
Lucie emphasised that burns—like burning transactions or tokens—are motivated by the SHIB community. This is why encouraging users to bridge and bringing in new projects to Shibarium are the main priorities. This is how more SHIB will burn, according to Lucie.
Shiba Inu layer 2 Shibarium to undergo hard fork
The Shibarium network’s upcoming hard fork is a turning point in the development of the Shiba Inu blockchain ecosystem.
Significant upgrades to Heimdall and Bor, two essential parts of the Shiba Inu blockchain ecosystem, are part of the Shibarium hard fork. These updates aim to enhance network performance, optimise consensus processes, and offer more scalability-supporting features.
These are the scheduled hard fork events: Shibarium Bor Hard Fork (block height: 4504576): May 2, 2:30 a.m. EST. May 3 at 12:30 a.m. EST is when the Shibarium Heimdall Hard Fork (block height: 3941864) is scheduled to occur. The implementation of milestones in this hard fork enhances the trustworthiness of transaction confirmations on the Shibarium network by achieving deterministic finality.
