According to U.Today, Shibarium, the layer-2 solution of Shiba Inu, has successfully completed its hard fork. This major software upgrade, which splits a blockchain network into two separate chains, is designed to implement significant changes that are not backward-compatible. The hard fork is expected to deliver 'blazing-fast' transactions and 'predictable' gas fees.
In the previous month, the Shiba Inu team expressed that the hard fork was essential to unlock 'next-level capabilities' on the Shiba Inu network. This transformative upgrade was required to deliver new value and simplify engagement through the Shibarium blockchain. The hard fork is a response to community requests, with the improvement of usability and performance being the primary concerns for users of the popular layer-2 solution.
The Shiba Inu team believes that the new upgrade will ensure the platform remains 'affordable and accessible.' Security was also a major focus during the implementation of the hard fork. The eagerly awaited upgrade is expected to enhance the platform's security and robustness. The developers have encouraged users to provide feedback on the new hard fork, as it is vital for addressing potential issues. 'As we roll out these updates, your insights and engagement will help shape the ongoing evolution of Shibarium,' the team stated.
In the wake of these developments, the price of Shiba Inu (SHIB) has risen by 6.2% over the past 24 hours, as per CoinGecko data.