tl;dr
Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is undergoing a significant upgrade aimed at improving security and scalability. The upgrade, targeting Puppynet, will integrate Ethereum's core software, Geth, into Shibarium's testnet, bringing faster smart contract execution, im...
Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is gearing up for a major upgrade targeting Puppynet. This significant update aims to bring Ethereum's best practices to Shibarium, enhancing its security and scalability.
The scheduled upgrade will integrate Ethereum's core software, Geth, into Shibarium's testnet, resulting in faster smart contract execution, improved networking, and enhanced cross-chain asset transfers. Additionally, the upgrade will optimize gas fees and implement security measures to improve network performance.
Node operators are advised to update their software ahead of the Cancun hard fork for improved ecosystem advancement. This upgrade reflects Shiba Inu's commitment to advancing the SHIB ecosystem.
The changes are expected to lead to quicker transactions, improved security, stable cross-chain transfers, and increased SHIB token burn rates, potentially boosting Shibarium's adoption.
Puppynet is scheduled for an upgrade, including the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork, aiming to enhance network performance, security, and overall efficiency.
The integration of Ethereum’s core software, Geth, into Shibarium’s testnet will bring advanced features such as faster smart contract execution, improved peer-to-peer networking, and a strengthened proof-of-stake bridge for smooth cross-chain asset transfers.
The upgrade will also optimize gas fees, prune historical block data, and include security enhancements to ensure a more secure network. Post-upgrade, users can expect quicker transactions, better security, stable cross-chain transfers, and improved disk management. The Shiba Inu ecosystem team has advised node operators to update their software to version 1.3.7-bone-beta before the Cancun hard fork.
This upgrade reflects the meme coin’s dedication to advancing the SHIB ecosystem. Last month, Shiba Inu announced plans to introduce decentralized governance as part of its growth strategy.
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Dividend Yield: 3.74%
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