Stay Updated with the Latest Shibarium Developments
Stay in the know about Shibarium’s upcoming developments and enhancements to the Shiba Inu ecosystem.
The Advancing Shibarium Network
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making significant progress in terms of transaction processing and overall improvements. The latest update includes the launch of a hard fork with the new Bor version, set for today (August 9), along with the introduction of a burning mechanism to enhance the ecosystem.
- The Bor layer plays a critical role in validating and securing transactions on the network, ensuring scalability and security for the L2 blockchain solution.
- The burning program aims to reduce the circulating supply of SHIB tokens, potentially affecting the token’s price if demand remains stable or increases.
- Last 24 hours saw an impressive 140,000% increase in the burn rate, resulting in the destruction of about 105 million tokens.
Previous Shibarium Updates
Since its launch a year ago, the Shibarium network has focused on improving speed, scalability, and lowering transaction costs to outperform its competitors in the meme coin space. Earlier updates in 2024 included a new UI update for compatibility with popular self-custody wallets and a hard fork for quicker block processing times and improved user experience.
“We are also smoothing out transaction fee variations during high traffic times, making costs more predictable and fair for everyone. This ensures our platform remains affordable and accessible,” the team mentioned.
Stay informed about the latest developments in the ecosystem by checking out our Shibarium news updates.
Hot Take: Stay Ahead with Shibarium’s Innovations
Don’t miss out on the latest advancements in Shibarium’s network, from burning mechanisms to scalability improvements. Keep an eye on this dynamic project for exciting updates!
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