The Shiba Inu development team successfully implemented an emergency solution security Shibarium Bridge upgrade.
This update came ahead of a major hard fork expected to improve network performance and scalability.
Shibarium prepares for Key Hard Fork after emergency bridge upgrade
November 30 Shiba Inu ecosystem developer Kaal Dhairya has confirmed the completion of a major maintenance effort on the Shibarium bridge. This upgrade temporarily placed the bridge in maintenance mode to address security issues and prepare for upcoming changes. Dhairya assured users that their funds remained safe during the process.
The bridge enables transparent and secure token transfers between Ethereum and Shibarium. During the interview, token burns were temporarily interrupted, but the quantities burned continued to accumulate in the background. With the security upgrade now complete, the bridge is fully operational again.
Dhairya confirmed that while the bridge is operational, upgrades to the burn contract are still underway. These improvements will continue over the weekend and the following week.
“Maintenance is complete and the Shibarium Bridge is now fully functional. We are still working on upgrades for burning contracts, which will continue through the weekend and next week,” Dhairya declared.
This update arrives under the name Shibarium, Shiba Inu’s Layer 2 blockchain solutionis preparing for a crucial hard fork. Scheduled for early next week, the hard fork aims to optimize network performance, improve transaction speeds, and address scalability issues. These improvements should set the stage for Shibarium’s long-term growth, allowing it to meet increased demand while maintaining efficiency.
“A hard fork is a significant protocol upgrade that can introduce new features, resolve performance bottlenecks, and improve overall functionality. For the Shiba Inu Layer 2 Scalability Network, the upcoming hard fork is specifically designed to increase throughput and improve overall capacity,” the statement said. announcement.
Since its launch last year, Shibarium has gained popularity. The platform has processed nearly 600 million transactions and reached its 500 millionth milestone earlier this month. Additionally, around 2 million blockchain addresses have interacted with Shibarium and the network has successfully processed over 8 million blocks.
Thus, the impending upgrade represents a strategic step for the Shiba Inu ecosystem, signaling its commitment to innovation and network improvement. expands its capabilities in the blockchain space.
Disclaimer
In accordance with the Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent reporting. This news article aims to provide accurate and current information. Readers are, however, advised to independently verify the facts and seek professional advice before making any decision based on this content. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.