{"id":149749,"date":"2023-09-05T03:23:17","date_gmt":"2023-09-04T21:53:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149749"},"modified":"2023-09-05T03:23:17","modified_gmt":"2023-09-04T21:53:17","slug":"shiba-inu-lead-developer-has-confirmed-burn-portal-is-in-the-works-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-lead-developer-has-confirmed-burn-portal-is-in-the-works-crypto-news\/","title":{"rendered":"Shiba Inu lead developer has confirmed burn portal is in the works – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

With Shibarium, the Ethereum-based layer-2 protocol from the Shiba Inu (SHIB) ecosystem, producing blocks as planned, the core team behind the protocol is rolling out new updates to tease the future of the new protocol.<\/span><\/p>\n

Burn Portal Development Confirmed<\/strong><\/h2>\n

As <\/span>shared<\/span><\/a> by Lucie, the Marketing Strategist of the Shiba Inu ecosystem, lead developer Shytoshi Kusama has confirmed that the Burn Portal for the Shibarium protocol is currently under development.\u00a0<\/span><\/p>\n

<\/p>\n

\n

So to confirm that ADOPTION is the right way\ud83c\udf1d$SHIB<\/a> Burns x Shytoshi answered pic.twitter.com\/BizkLZ0V83<\/a><\/p>\n

\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | Summer of Shibarium (@LucieSHIB) September 4, 2023<\/a><\/p>\n<\/blockquote>\n

<\/p>\n

As contained in a screenshot shared by Lucie, Kusama confirmed the developmental efforts as a response to a question posed on Telegram by a community member regarding the burn portal. Burning tokens is an integral part of the Shiba Inu protocol through which SHIB tokens are being consistently burnt per reports by Coingape.<\/span><\/p>\n

Despite the burn portal that is underway, the Shibarium team lead insinuated that he places more premium on boosting adoption rather than focusing on token burning. He noted that while the burn development is important, he noted that the end goal for the whole ecosystem is to increase adoption and the usage of the Shibarium protocol.<\/span><\/p>\n

Kusama\u2019s position is understandable, seeing the fact that both adoption and token burning serve the same goals, but in different ways. The goal is to guarantee a robust circulation of the protocol\u2019s associated token as well as reduce the overall supply of SHIB in a bid to bolster its inherent value in the long run.<\/span><\/p>\n

<\/p>\n

This is another important trend that might bolster interest from investors and users in the Shiba Inu ecosystem.<\/span><\/p>\n

Shibarium Updates in View<\/strong><\/h2>\n

Notably, the Shibarium protocol is making the most of the second chance granted to it after its first failed launch back in August. Since the protocol <\/span>has been scaled<\/span><\/a>, additional plans to bolster its functionality have been teased by the team across the board.<\/span><\/p>\n

Some of these <\/span>updates<\/span><\/a> include the plans to onboard additional validators that can help secure the ecosystem as well as the plans to revoke the contract address of the scaling solution\u2019s native token Bone Shibaswap (BONE).<\/span><\/p>\n

With the burn portal underway, there is a likelihood it will complement the entirety of innovations making its way to Shibarium.<\/span><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

\n

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

With Shibarium, the Ethereum-based layer-2 protocol from the Shiba Inu (SHIB) ecosystem, producing blocks as planned, the core team behind the protocol is rolling out new updates to tease the future of the new protocol. Burn Portal Development Confirmed As shared by Lucie, the Marketing Strategist of the Shiba Inu ecosystem, lead developer Shytoshi Kusama […]<\/p>\n","protected":false},"author":2,"featured_media":149750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-149749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149749"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149749\/revisions"}],"predecessor-version":[{"id":149752,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149749\/revisions\/149752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149750"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}