Shibarium, the layer-2 network from the Shiba Inu (SHIB) ecosystem, successfully completed a significant Hard Fork on May 2.
This update promises to deliver ultra-fast transactions and more predictable Gas Price , increasing user engagement with the network.
Is the Shiba Inu ready for a breakthrough after the Shibarium Hard Fork ?
The Shibarium network announced on X (formerly Twitter) that they have completed the Hard Fork at a block height of 4,504,576. A Hard Fork in blockchain technology entails a major upgrade that results in Chia the network into two chain.
Introduced on April 24, this process introduces fundamental changes that are incompatible with previous software versions. Therefore, the Shiba Inu development team initiated this ambitious upgrade to unlock enhanced capabilities and streamline user engagement on the Shibarium platform.
The improvements from this Shibarium Hard Fork are intended to meet community demands for better usability and performance. As such, Shibarium aims to be more affordable and accessible, addressing the key concerns of its growing user base.
Furthermore, the upgrade Vai as a strategic move to promote innovation in the decentralized finance (DeFi) sector. By providing a robust and secure platform, Shibarium wants to be well positioned to support developers and users looking to explore new possibilities in the cryptocurrency space.
Shiba Inu 's developers have expressed their enthusiasm about the potential impact of the upgrade.
Shiba Inu wrote :
XEM a Hard Fork as a necessary update to unlock next-level capabilities in our network. This isn't just a technical change; it's about providing new value and simplifying engagement with Shibarium.
From a market perspective, analysts are optimistic about the impact of the Hard Fork on the price of SHIB, the native Token of Shibarium. Despite recent challenges, SHIB can see positive momentum from network improvements. Currently, SHIB is at the cusp of a breakthrough.
