Shiba Inu Ecosystem Prepares for Major Tech Upgrade

Puppynet, a testnet of Shibarium’s layer-2 solution for the Shiba Inu (SHIB) cryptocurrency, is set to receive major tech upgrades, according to an announcement on Friday.

Bor, one of the network’s key components, will be getting a new version. The upgrade also includes the Cancun hard fork.

The upgrade is expected to result in faster transactions, improved storage, and a better user experience.

The Purpose of Testnets

Testnets are testnets that are similar to the real network but have no monetary value. They allow developers to experiment before deploying the main network. Testnets also help find and fix bugs, reducing major risks. For example, Ethereum has the Sepolia testnet, along with other testnets like Goerli and Kovan that have been discontinued.

In early August, Shibarium also introduced a hard fork with the new Bore version, adding a burning mechanism to improve the ecosystem.

Is the SHIB price performance stable?

The SHIB burning mechanism has been tested on the Puppynet network since February. Currently, the Shiba Inu ecosystem is facing a high level of anxiety and doubt, according to data from Santiment.

The reasons are the rapid decline in social media interest, the number of holders is decreasing, and the trading volume is decreasing. It is unclear whether Shiba Inu can improve the situation, but the current performance does not show any positive signs.

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