Shibarium is a proposed blockchain upgrade for the Shiba Inu (SHIB) cryptocurrency. The upgrade aims to improve the scalability and functionality of the SHIB network by implementing a new consensus mechanism and increasing the maximum supply of the token. We are all awaiting it’s massive release, projected price action and burn rate increase which should be amazing for #ShibArmy holders. It’s release is imminent, as per many #ShibHolders and project promotion from founder with stage name of Shytoshi Kusama.
Curiously enough, the story behind the name is quite facinating. Shytoshi Kusama is a Japanese artist who is known for her work in a variety of media, including painting, sculpture, and installation art. She is considered to be one of the most important contemporary artists, and her work is often associated with the avant-garde and minimalist movements of the 1960s. Kusama’s work is characterized by its use of repetition, pattern, and the manipulation of space, and she is often associated with the concept of “infinity.”
The new consensus mechanism, called “Proof of Staked Shiba” (PoSS), is designed to improve the efficiency of the network by allowing holders of SHIB to earn rewards for holding and staking their tokens. This is intended to increase the number of active users on the network and reduce the strain on the network caused by high-volume transactions.
The maximum supply of SHIB will also be increased from 1 quadrillion to 1 quintillion tokens. This is intended to provide more liquidity for the token and allow for more user adoption.
In addition to these changes, the Shibarium upgrade also includes plans for a new smart contract platform and the introduction of new tokens on the SHIB network. The smart contract platform will allow for the creation and execution of decentralized applications (dApps) on the SHIB network, while the new tokens will provide additional use cases for the network.
It’s worth noting that the Shibarium upgrade is a proposed and not yet implemented, and any changes to the network will be subject to a vote by the community.
Overall, the Shibarium upgrade aims to enhance the performance, scalability and utility of the Shiba Inu (SHIB) network, making it more attractive for usage and bringing more liquidity into the system.
Learn more about #SHIBAINU at: https://shibatoken.com/ #WeAreRyoshi
It is difficult to predict with certainty what the price of Shiba Inu (SHIB) will be at the end of 2023. Cryptocurrency prices are highly volatile and can fluctuate rapidly based on a wide range of factors, including market sentiment, regulatory developments, and overall economic conditions. Additionally, predicting price movements for specific dates in the future is a speculative activity, and many experts and analysts have different opinions and predictions. I recommend you to be cautious when it comes to making investment decisions based on price predictions, and always do your own research, consult financial advisor and be aware of the risk involved.
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