The official account of the layer-2 blockchain Shibarium, @ShibariumNet, has announced significant upgrades for the Shibarium mainnet. These changes include innovative updates aimed at enhancing network performance and introducing a new SHIB burn contract.
Upgrades Include Heimdall and Bor Hardforks
The upgrade features updates to the Heimdall and Bor hardforks. The new Heimdall version ensures seamless operations in a post-Dencun Ethereum environment.
Upgrade Instructions:
The team recommends implementing the Heimdall update first, followed by the Bor upgrade. The Bor update focuses on improving performance, security, and blockchain management. Additionally, it integrates a new SHIB burn contract, which paves the way for future innovations.
New SHIB Burn Contract
The upgrade includes the integration of a new SHIB burn contract, set to be implemented at block 8200512. Although details are scarce, the new contract aims to reduce the overall SHIB token supply and add value for token holders.
Warning for Node Operators
Before downloading the upgraded versions of the Heimdall and Bor hardforks, node operators must update their systems to the latest versions. This step is critical for the smooth integration of the new features.
On December 3, Over 2 Billion SHIB Burned in 24 Hours
On December 3, more than 2.02 billion SHIB were burned within 24 hours, with over 2 billion destroyed in a single transaction. This record-setting action increased the SHIB burn rate by an incredible 3,162.56%.
Community's Role in Token Burns
Shiba Inu enthusiasts suggest that the massive SHIB burn was likely initiated by SquidGrow founder Shibtoshi, who burned more than 2 billion SHIB this week and an additional 1 billion tokens the previous week.
Thanks to these efforts, the SHIB community successfully destroyed a total of 3.16 billion SHIB in November, demonstrating a strong commitment to reducing token supply and enhancing its value.
#Shibarium , #MemeWatch2024 , #shiba⚡ , #SHIBburn , #MemeCommunity
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