tl;dr
The team behind the Ethereum-based altcoin Shiba Inu has revealed plans to make their Layer 2 blockchain solution, Shibarium, great in 2024. Since its mainnet debut, Shibarium has processed over 256 million transactions and created 2.4 million blocks. The team aims to enhance the SHIB burn mechanism...
The team behind the Ethereum-based altcoin Shiba Inu has revealed plans to make their Layer 2 blockchain solution, Shibarium, great in 2024. Since its mainnet debut, Shibarium has processed over 256 million transactions and created 2.4 million blocks. The team aims to enhance the SHIB burn mechanism and improve scalability in an upcoming hard fork. The network recently completed its first hard fork at block height 1,962,000, significantly altering the infrastructure with a special emphasis on token-burning mechanisms and transitioning to a more effective network layer.
The Shiba Inu team recently took to X (formerly Twitter) to share its 2024 target for the blockchain platform. According to the team, the goal is to “make Shibarium great in 2024.” Shibarium, the official Layer-2 blockchain platform, made its mainnet debut on August 16, 2023. In less than five months, the network has managed over 256 million transactions, processing these with 1,326,848 wallet addresses. The team disclosed aims to enhance the SHIB burn mechanism and improve scalability for the network. This was recently reinforced in the completion of its first hard fork, signaling a move towards a more effective network layer.
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