On September 13, Lucie, the marketing lead at Shiba Inu, posted on her X account about a major blockchain upgrade. This upgrade incorporates Ethereum's latest technology into Shibarium. Let's explore what has been happening in the Shiba Inu ecosystem.
Shiba Inu Network Upgrade
Lucie in her X post, shared details of the upgrade. She stated it is set for 2:30 am ET and will bring Bor upgrade (v1.3.7) and Cancun hard fork. These upgrades will boost the performance, security and scalability of the Shiba blockchain. The upgrade took place on Friday at block 4,697,000. This update marks a crucial transformation for the Puppynet testnet, designed to enhance the network’s efficiency and user experience.
Shiba Gets Ethereum Powers
The update of Bor to version 1.3.7-bone-beta and the Cancun hard fork reflects the Shiba Inu development team’s efforts to refine and optimize the network by integrating Ethereum’s core software, Geth. This ensures that Shibarium benefits from Ethereum's latest features, improving block propagation, peer to peer networking and the execution of smart contracts. The PoS bridge, which facilitates asset transfers between Shibarium and other blockchains, has also received important updates. These updates ensure smoother cross-chain operations and enhance the functionality and stability of the network.
Optimizes Gas Fees and Disk Management
To make transactions more efficient and affordable, the upgrade significantly optimized gas fees. The network has enforced a minimum gas price of 1 gwei to prevent spam and maintain a predictable fee structure. Along with this gas fee enhancement, the upgrade also introduced historical block data pruning to free up disk space and keep Shibarium lightweight as it grows.
The successful upgrade of Shibarium, along with the integration of Ethereum’s best practices and key improvements in its security, scalability, and performance, has positioned the Shiba blockchain for broader adoption. As the network grows stronger, more decentralized apps and users are expected to join, potentially increasing the Shiba burn rate and driving its value up.
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