Cover image via U.Today
Shibarium, Shiba Inu's layer-2 solution, has successfully completed its hard fork, as per a recent announcement.
This significant software upgrade aims to introduce "blazing-fast" transactions and "predictable" gas fees. A hard fork entails a major blockchain network split into two separate chains to implement substantial, non-backward-compatible changes.
In the preceding month, the Shiba Inu team emphasized the necessity of the hard fork to unlock "next-level capabilities" for the Shiba Inu network. This transformative upgrade is crucial for delivering enhanced value and simplifying engagement through the Shibarium blockchain.
The hard fork is a direct response to community requests, with usability and performance enhancements being paramount for users of this popular layer-2 solution.
According to the Shiba Inu team, this latest upgrade ensures that the platform remains "affordable and accessible" for users.
Security was also a primary concern during the hard fork implementation. The anticipated upgrade significantly enhances the platform's security and robustness.
The developers have actively engaged users to gather feedback on the new hard fork, which is essential for addressing potential issues. "As we roll out these updates, your insights and engagement will help shape the ongoing evolution of Shibarium," stated the team.
Over the past 24 hours, the price of Shiba Inu (SHIB) has experienced a 6.2% increase, as reported by CoinGecko data.