Back to main

Shibarium Successfully Completes Hard Fork, Boosts Scalability

Table of Contents

Shibarium Successfully Completes Hard Fork, Boosts Scalability

  • The second upgrade, the Heimdall hard fork, follows the successful Bor hard fork.
  • Prepare yourself for lightning-fast transactions and predictable gas fees, stated the team.

Many in the cryptocurrency world are taking notice of Shiba Inu’s L2 blockchain Shibarium now that its hard fork has been completed. Aiming to improve the Shibarium blockchain’s transaction stability and help the network achieve ‘deterministic finality,’ the second upgrade, the Heimdall hard fork, follows the successful Bor hard fork.

As soon as the hard fork was announced, traders jumped on the opportunity, and the price of SHIB surged to an intraday high of $0.00002345 after a successful reversal. The hard fork at block height 4504576 was successfully completed, according to the Shiba Inu team.

Substantial Improvements

Moreover, if Shiba Inu wants to maximize its blockchain infrastructure for future growth and acceptance, the hard fork is a must-have development. Also, to be more specific, the hard fork improved the network’s speed, made it easier to execute transactions, and made it ready for additional users and growth.

Prepare yourself for lightning-fast transactions and predictable gas fees, stated the team. The main goals of these upgrades are to make the network more efficient, make the consensus procedures better, and provide features that will help the network scale.

The hard forks will accomplish deterministic finality on the Shibarium network, decrease gas expenses, and fix the previously reported sync difficulties. Furthermore, the Shiba Inu team is keeping an eye on the latest and greatest in Web3 and DeFi landscape. With the recent switch from Ethereum to Shibarium, the decentralized exchange ShibaSwap welcomed new DeFi capabilities.

Notably, Shytoshi Kusama brought attention to the $12 million that was raised from industry heavyweights to support Layer-3 blockchain and Shibarium development.

Highlighted Crypto News Today:

The Bitgert Coin Effect: How It’s Redefining Crypto Trends

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on TheNewsCrypto Investment Disclaimer