Shocking Upgrade for Shibarium’s Future in Ethereum Powers
2024-09-16Shiba Inu, once a meme coin, now commands a global following with a massive investor base. On September 13, Lucie, Shiba Inu’s marketing lead, revealed an exciting blockchain upgrade that integrates Ethereum’s latest tech into Shibarium. Let’s break down what this means for the Shiba Inu ecosystem.
Key Takeaways
- Ethereum-Powered Shibarium: The latest upgrade integrates Ethereum’s Geth software, enhancing Shibarium’s block propagation, networking, and smart contracts.
- Lower Gas Fees: With a minimum gas fee of 1 Gwei and optimized disk management, Shibarium is now more efficient, making transactions faster and cheaper.
- Seamless Cross-Chain Transfers: The updated PoS bridge improves cross-chain operations, allowing for smoother asset transfers between Shibarium and other blockchains.
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Shiba Inu Network’s Transformation
Lucie’s post announced the upgrade at 2:30 AM ET, featuring the Bor upgrade (v1.3.7) and the Cancun hard fork. These changes promise to boost Shibarium’s performance, security, and scalability. Completed at block 4,697,000, the upgrade is set to improve the Puppynet testnet’s efficiency, positioning Shibarium for long-term growth and enhanced user experiences.
Ethereum Integration Supercharges Shiba Inu
By upgrading Bor to version 1.3.7 and integrating Ethereum’s core software (Geth), Shibarium gains access to Ethereum’s advanced features. This integration will optimize block propagation, peer-to-peer networking, and smart contract execution. Additionally, Shibarium’s PoS bridge, essential for cross-chain asset transfers, has been upgraded, allowing for smoother and more stable operations between blockchains.
Read more: Is Shiba Inu (SHIB) Headed for a Price Surge? Whales Accumulate as Sell Pressure Abates
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Gas Fee Optimization and Disk Management
The network’s efficiency took a significant leap with optimized gas fees, setting a minimum price of 1 Gwei to prevent spam while ensuring predictable transaction costs. Along with this, historical block data pruning was introduced to free up disk space, making Shibarium more lightweight and easier to maintain as it scales.
Node operators have been urged to update to version 1.3.7-bone-beta to ensure compatibility with these enhancements and to avoid disruptions in their operations.
A Smooth Rollout and Enhanced Security
According to Lucie in an interview, the upgrade went smoothly, with key improvements enhancing the network’s security. The Shibarium team has taken extra steps to address potential vulnerabilities, ensuring a more secure and robust blockchain environment for all users.
FAQ
Q1: What does the Ethereum integration mean for Shiba Inu?
A1: It improves Shibarium’s speed, scalability, and smart contract capabilities, leveraging Ethereum’s latest technology.
Q2: How does the upgrade affect gas fees?
A2: Gas fees are now optimized with a minimum fee of 1 Gwei, reducing costs and making transactions more predictable.
Q3: Was the upgrade successful?
A3: Yes, the upgrade went smoothly, with enhanced security and improved network functionality.
Conclusion
This upgrade positions Shiba Inu as more than just a meme coin. By integrating Ethereum’s technology and refining its network, Shibarium is set for future scalability and improved user experience. Whether for everyday transactions or complex smart contracts, Shiba Inu is ready to evolve in the decentralized space. This upgrade proves that Shiba Inu isn’t just following trends—it’s leading them.
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