Shiba Inu (SHIB) Soars as Team Successfully Completes Shibarium Hard Fork

  • Shibarium, the layer-2 blockchain solution from Shiba Inu, has successfully completed a hard fork at block height 4504576.
  • The upgrade has enabled faster transactions and stable gas fees for users.
  • Despite the upgrade, Shibarium’s trading volumes experienced a dip post-hard fork.

Shibarium, Shiba Inu’s layer-2 blockchain solution, has completed a hard fork, promising faster transactions and stable gas fees, although trading volumes dipped following the upgrade.

Shibarium Completes Hard Fork

The Shiba Inu team recently announced the successful completion of a hard fork on its layer-2 blockchain solution, Shibarium. The upgrade, which took place at block height 4504576, introduced several new features aimed at improving user experience and interaction on the network. The team noted that the decision to initiate the hard fork was largely influenced by community feedback, with a focus on enhancing usability and performance.

Enhancements in Bor and Heimdall Components

The recent hard fork primarily focused on enhancing two components of the Shibarium network: Bor and Heimdall. The Bor component was upgraded to strengthen the calculation of state sync confirmation, while the Heimdall component was enhanced to provide “deterministic finality” for Shibarium. These improvements are expected to maintain the platform’s affordability and accessibility, while also enabling faster transaction speeds and more predictable gas fees for users.

Trading Volumes Dip Post-Hard Fork

Despite the successful completion of the hard fork and the introduction of new features, Shibarium’s trading volumes experienced a dip following the upgrade. This suggests that while the hard fork may have introduced improvements to the network, it may take some time for these changes to translate into increased trading activity on the platform.

Conclusion

The recent hard fork by Shibarium represents a significant step in its ongoing efforts to improve user experience and performance on its network. While the immediate impact on trading volumes has been negative, the long-term benefits of faster transactions and more predictable gas fees could potentially attract more users to the platform in the future.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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