Shiba inu

SHIB Shibarium Boosts Speed with Augmented Hard Fork Changes

  • Shibarium devs enhance Layer-2’s infrastructure with a double hard fork.
  • Shiba Inu (SHIB) soared above $0.000023 as the first installment went live.
  • SHIB Army members enquired about the long-awaited auto-burning portal.

Developers at Shiba Inu (SHIB) have announced a smooth transition to the new version of Shibarium Layer-2. As planned, Shibarium’s blockchain underwent a hard fork on May 2, 2024, at the block height of 4504576. This was confirmed by Shibarium Network’s official X handle on Thursday evening.

Met with greetings and encouragement from the Shiba Inu community, this hard fork on Shibarium is slated to bring a couple of key improvements as Shiba Inu’s Layer-2 blockchain is soon to turn one year old. Directed at enhancing user experience, one of the key changes is going to be predictable gas fees and a substantially faster transaction speed.

Bi-Folded Shibarium Hard Fork Explained

A second part of this hard fork is set to occur at block height 3941864. The already implemented upgrade is referred to as Bor and is centered around state sync confirmation, which significantly accelerates performance.

The latter part of Shibarium’s hard fork is called the Heimdall, which is supposed to bring “deterministic finality” to Shibarium’s blockchain. In other words, Heimdall brings a stable and more reliable gas fee distribution on-chain, meaning that crypto enthusiasts who are using Shibarium in ultra-high traffic times won’t pay disproportionate gas fees.

Aside from fixing the fluctuating gas fee issues during times of heavy demand, Shiba Inu’s developers have also fixed the bugs in relation to its non-fungible token (NFT) mechanism.

On the Flipside

  • Many SHIB custodians have drawn attention to the highly anticipated auto-burning function, which was meant to be included in one of the major Shibarium upgrades.

Why This Matters

Shiba Inu’s focus on building a digital infrastructure for the vibrant community of SHIB holders has already borne fruit through a selection of services, ranging from a self-custodial digital identity to an upcoming Layer-3 blockchain.

Delve into DailyCoin’s hottest cryptocurrency news:

Peter Schiff Mocks Bitcoin’s Dip Below $60K: “Party’s Over”
BTCC Sets 10M USDT Rewards for Its World Trading Contest

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *