Shibarium Undergoes Upgrade with Hard Fork
The Shiba Inu development team announced a hard fork for Shibarium, the layer-2 network. The upgrade aims to improve the network’s burning mechanism and enable support for multiple burn tokens, particularly BONE and SHIB. The hard fork has already taken place, as evidenced by over 2 million blocks on the network. Node providers were notified that a Genesis update would be required. Initially, the burning mechanism will be manually managed for alignment with the network’s health and sustainability. However, Shibarium plans to transition to an automated system in January to enhance efficiency and reliability.
What the Hard Fork Means for Shiba Inu
Shibarium clarified that the burn process will be managed by the official deployer during this upgrade phase. The network aims to facilitate mass adoption and handle potential increases in transaction count by enhancing the burning mechanism. The total transaction count on Shibarium continues to rise rapidly, reaching over 58 million. This upgrade prepares Shibarium to handle the increasing number of tokens that need to be burnt. With ongoing developments and milestones being achieved, Shibarium is poised for further growth in the future.
Hot Take: Shibarium Enhances Burning Mechanism with Hard Fork Upgrade
Shibarium recently underwent a hard fork upgrade to improve its burning mechanism and support multiple burn tokens. This significant development ensures the network’s health and sustainability while paving the way for mass adoption. With an automated burn process set to be implemented in January, Shibarium aims to enhance efficiency and reliability. The upgrade also positions Shibarium to handle a potential increase in transaction count as its total transaction count continues to skyrocket. As Shibarium reaches new milestones and achieves remarkable growth, it solidifies its position as a prominent player in the crypto space.
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