Shiba Inu team discusses the possibility of using SHIB to pay transaction fees on Ethereum

Shiba Inu market expert Lucie believes that SHIB is not suitable as Ethereum transaction fee at a time when the Ethereum network is being upgraded and Japan is launching a new SHIB/JPY trading pair.

Lucie, Shiba Inu Ecosystem Marketing Lead, recently spoke about the feasibility of using Shiba Inu (SHIB) as Ethereum network fees during important market events, including major upgrades to the Shibarium network and new exchange listings.

Ethereum’s technical architecture and SHIB’s role
Lucie clarified that Ethereum, a digital platform for dApps, relies solely on its own token, Ether (ETH), as transaction fees known as handling fees. These fees incentivize validators and are essential to maintaining network operations.

While some are keen to use SHIB as an alternative to Ethereum transaction fees, technical and security challenges make this option impractical.

According to the marketing executive, Ethereum is architected to support ETH as transaction fees. Integrating different tokens such as SHIB would require significant network infrastructure changes, potentially compromising security and efficiency by shifting away from its stake consensus mechanism.

Positive development of the Shiba Inu ecosystem
In parallel with discussions on the utility of tokens on Ethereum, the SHIB community is looking forward to upgrades to the Shibarium network. The hard fork is expected to be released on May 2 and aims to introduce features that will improve user experience and platform performance, such as faster block processing times and more predictable transaction fees.

These improvements are a direct response to community feedback and are designed to improve usability and keep prices affordable even during high-traffic periods.

Another positive development for Shiba Inu is the launch of the SHIB/JPY trading pair by Binance Japan, capitalizing on the growing interest among Japanese investors.

Effective from April 30, the move allows local investors to participate in SHIB using local currency. Additionally, this listing is part of an ongoing campaign that includes free trading, which may attract more users.

Despite the bullish sentiment towards these upcoming developments, SHIB has experienced a notable decline in the market as shown by a plunge of 7.87% in 24 hours and 19.30% in the past week.

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