Shibarium Set for Hard Fork – What It Means for SHIB
The post Shibarium Set for Hard Fork – What It Means for SHIB appeared on BitcoinEthereumNews.com.
Shibarium is set to experience a hard fork within the week, while the SHIB price continues to be highlighted amid ongoing positive market sentiment. This upcoming hard fork will ensure the network can adapt to evolving trends in decentralized finance, Non-Fungible Tokens, and broader blockchain advancements. Shibarium, a layer 2 network for the Shiba Inu ecosystem built on Ethereum, is on the brink of a transformation with the upcoming hard fork. The hard fork is set to go live this week on Tuesday morning at Indian Standard Time. The fork might take place as early as late Monday for users in Western time zones. Since its launch in 2023, the Shibarium network has become quite popular. The platform has handled almost 600 million transactions, hitting the 500 million mark earlier this month. Shibarium runs on the Ethereum blockchain, taking advantage of its security and framework while adding its own unique features. Moreover, about 2 million blockchain addresses have engaged with Shibarium, and the network has successfully processed over 8 million blocks. What to Expect from the Shibarium Hard Fork A hard fork happens when changes are made to the software that runs a cryptocurrency on its blockchain, which is the system that keeps track of all transactions. Just like any other software, updates can improve how it works. The upcoming upgrade for Shibarium focuses on increased scalability, allowing the network to handle more transactions and maintain a seamless user experience during busy periods. Additionally, the hard fork will improve transaction speed by optimizing processing methods, which will significantly cut down confirmation times and enhance reliability. Furthermore, this upgrade is designed for long-term durability, ensuring that the network can effectively scale for future growth and meet the needs of its expanding ecosystem. For security purposes, token holders are encouraged to stay…
Filed under: News - @ December 3, 2024 1:25 am