The Shiba Inu team has implemented a major security update for the Shibarium bridge, with the aim of improving the network’s performance and preparing the ecosystem for the upcoming major hard fork.
The Shiba Inu development team has successfully completed a major security upgrade to the Shibarium bridge, ahead of a major hard fork that will increase the scalability of the network.
On November 30, Shiba Inu ecosystem developer Kaal Dhairya announced that major maintenance on the Shibarium bridge had been completed. This security upgrade aimed to temporarily put the bridge into maintenance mode, close vulnerabilities in the system, and prepare for future changes. Dhairya emphasized that users’ funds are safe, emphasizing that the transaction process is proceeding safely.
The Shibarium bridge enables secure and seamless token transfers between Ethereum and Shibarium. During maintenance, token burns were temporarily stopped, but burn amounts continued to accumulate in the background. After the security updates were completed, the bridge became fully functional again.
Dhairya said the bridge is active and that burn contract upgrades are still ongoing. These improvements will continue over the weekend and into next week.
This update allows Shibarium to prepare for a major hard fork. The planned hard fork aims to optimize the network’s performance, increase transaction speeds, and address scalability issues. These improvements will help Shibarium meet increasing demands and maintain efficiency, paving the way for long-term growth.
“A hard fork can bring new features, resolve performance issues, and increase overall functionality. For Shiba Inu’s layer-2 scalability network, the upcoming hard fork specifically aims to increase efficiency and improve capacity,” the statement read.
Since its launch last year, Shibarium has seen significant growth. The platform has processed nearly 600 million transactions and reached the 500 millionth transaction milestone earlier this month. Additionally, 2 million blockchain addresses have interacted with Shibarium and the network has successfully processed over 8 million blocks.