Shibarium Network Update Successfully Completed
Release: 2024/05/03 15:39 Reading: 237
Shibarium Network Update Successfully Implemented
Shiba Inu's (SHIB) Layer 2 network, Shibarium, has successfully completed its highly anticipated network update. This update promises to introduce "predictable" transaction fees and "extremely fast" transaction capabilities to the Shibarium network.
Unlocking New Features in Shibarium
An update, also known as a hard fork, signifies a substantial software update that divides a blockchain network into two separate chains. It aims to implement major changes that are not backward compatible.
Last month, the Shiba Inu team announced the necessity of this update to unlock "next-level features" in the Shibarium network. This transformative update was deemed essential to provide enhanced value and simplify interaction with the Shibarium Blockchain Layer 2 network.
The update is viewed as a response to community demands by Shiba Inu developers. Enhancing usability and performance were primary concerns for users of this popular Layer 2 solution. According to the Shiba Inu team, the new update was designed to maintain the platform's "affordability and accessibility."
Developers Seek User Feedback
Security was also a primary consideration in implementing this update. The eagerly awaited update is expected to significantly enhance the platform's security and robustness. Developers have requested user feedback on the new update, as it is crucial for addressing potential issues. The team stated, "By offering these updates, your views and participation will help shape the ongoing development of Shibarium."
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Following the successful implementation of the update, Shiba Inu's SHIB token has experienced a 6.2% increase over the past 24 hours, trading at $0.00002294. Despite the price increase, SHIB's trading volume has declined by 22.13%, with recent data indicating a trading volume of approximately $705 million.
The article was originally published on COINTURK NEWS: Shibarium Network Update Successfully Completed
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