The completion of the Bor hard fork has drawn the attention of many in the cryptocurrency world to Shiba Inu’s L2 blockchain Shibarium. Now, with the Heimdall hard fork, the team promises lightning-fast transactions and predictable gas fees. This upgrade aims to enhance transaction stability and achieve deterministic finality for the Shibarium blockchain.
Traders wasted no time in seizing the opportunity presented by the hard fork announcement. As a result, the price of SHIB soared to an intraday high of $0.00002345 after a successful reversal. The Shiba Inu team confirmed the successful completion of the hard fork at block height 4504576.
The hard fork is a crucial development for Shiba Inu if it wants to optimize its blockchain infrastructure for future growth and acceptance. Specifically, the upgrade has improved the network’s speed, streamlined transaction execution, and prepared it for increased user activity and expansion.
The team emphasizes that these upgrades aim to make the network more efficient, enhance consensus procedures, and introduce features that facilitate scalability. With the hard forks, the Shibarium network will achieve deterministic finality, reduce gas expenses, and resolve previous synchronization issues. Additionally, the Shiba Inu team remains attentive to the latest developments in the Web3 and DeFi landscape. The transition from Ethereum to Shibarium has allowed the decentralized exchange ShibaSwap to embrace new DeFi capabilities.
Notably, Shytoshi Kusama drew attention to the $12 million raised from industry leaders to support the development of the Layer-3 blockchain and Shibarium.
In other news, don’t miss the article on how the Bitgert Coin Effect is redefining crypto trends.