Shiba Inu has emerged as one of the most widely adopted meme coins globally. Initially started as a joke, this meme coin now boasts a substantial investor base. Numerous crypto whales have accumulated millions of dollars’ worth of Shiba Inu tokens. On September 13, Lucie, the marketing lead at Shiba Inu, posted from her X account about a significant blockchain upgrade that will integrate Ethereum’s latest technology into Shibarium. Let’s delve into the recent developments in the Shiba Inu ecosystem.
Shiba Inu Network Upgraded
In her X post, Lucie shared details of the upgrade, scheduled for 2:30 am ET. The upgrade includes the Bor upgrade (v1.3.7) and the Cancun hard fork, which aim to enhance the performance, security, and scalability of the Shiba Inu blockchain.
🚀 Shibarium’s Major Upgrade is set for 2:30 a.m. ET on Friday with big changes like the Bor upgrade (v1.3.7) and Cancun hard fork to boost performance, security, and scalability.
The upgrade took place on Friday at block 4,697,000. This update marks a crucial transformation for the Puppynet testnet, designed to enhance the network’s efficiency and user experience.
Shiba Got Ethereum Powers
The update of Bor to version 1.3.7-bone-beta and the Cancun hard fork reflects the Shiba Inu development team’s efforts to refine and optimize the network by integrating Ethereum’s core software, Geth. This ensures that Shibarium benefits from Ethereum’s latest features, improving block propagation, peer-to-peer networking, and the execution of smart contracts.
The PoS bridge, which facilitates asset transfers between Shibarium and other blockchains, has also received important updates. These updates ensure smoother cross-chain operations and enhance the functionality and stability of the network.
Enhances Gas Fee and Disk Management
To make transactions more efficient and affordable, the upgrade significantly optimized gas fees. The network has enforced a minimum gas price of 1 Gwei to prevent spam and maintain a predictable fee structure. Along with this gas fee enhancement, the upgrade also introduced historical block data pruning to free up disk space and keep Shibarium lightweight as it grows. This makes node operations more manageable.
The Shiba Inu team has advised node operators to update their software to version 1.3.7-bone-beta. This update is essential to ensure compatibility with the new network enhancements.
How Did the Upgrade Go?
In a private interview with Coinpedia, Lucie mentioned that the Shibarium upgrade went very smoothly. She also shared insights into the key changes this latest upgrade brought to the network. She emphasized that the network has tightened its security to address potential vulnerabilities.
Looking Ahead!
The successful upgrade of Shibarium, along with the integration of Ethereum’s best practices and key improvements in its security, scalability, and performance, has positioned the Shiba Inu blockchain for broader adoption. As the network grows stronger, more decentralized apps and users are expected to join, potentially increasing the Shiba Inu burn rate and driving its value up.
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