Shiba Inu Unveils Two-Phase Hard Fork Strategy For Shibarium

Last updated: 05/02/2024 10:21 AM

By Buck Journey Team - TEAM

Get ready for the latest and most exciting updates from the Shiba Inu team in the newest issue of “SHIB Magazine.” The team has unveiled detailed plans for the upcoming hard fork of the Shibarium network, which represents a significant step forward in enhancing the project’s blockchain infrastructure. This strategic upgrade is all about boosting performance, speeding up transaction processing, and paving the way for future scalability and wider adoption.

But what exactly does this Shibarium hard fork entail? It’s a comprehensive upgrade focusing on two key components: Bor and Heimdall. Bor handles block production, similar to Ethereum’s Layer 1, while Heimdall manages validator committees and stake delegation.

Exciting Two-Phase Strategy Revealed

The Shibarium hard fork is set to roll out in two phases, targeting key areas for improvement:

Phase One – Bor Hard Fork: This phase, happening on May 2nd at 2:30 AM EST, includes essential updates like adjusting state sync confirmations and introducing a 128-second delay to ensure network stability in case of partitions.

Phase Two – Heimdall Hard Fork: Scheduled for the next day at 12:30 AM EST, this phase focuses on achieving deterministic finality in transactions. This enhancement guarantees transaction reliability and immutability once they’re confirmed.

By enhancing the network’s efficiency and scalability with these upgrades, the hard fork is poised to reduce transaction times, cut costs, and handle a higher transaction volume, making the network more accessible and cost-effective in the competitive blockchain landscape.

From a technical perspective, expect upgrades related to state sync mechanisms and consensus algorithms, enhancing network stability and security. By aligning with Ethereum’s standards, Shibarium is set to become more interoperable with Ethereum applications, enhancing its overall appeal and usability.

Keep an eye on Shiba Inu (SHIB) as it trades at $0.00002203, and don’t miss out on the exciting developments unfolding in the world of blockchain technology!