Gushiken Yona
The Shibarium network’s Cancun hardfork is now live, bringing significant upgrades to scalability and validator efficiency while positioning the layer-2 solution for seamless compatibility with Ethereum’s ongoing advancements.
The hardfork, activated at block number 8200512, introduced substantial modifications to Shiba Inu’s layer-2 network’s core components, Heimdall and Bor, addressing critical needs for enhanced performance and adaptability within the competitive layer-2 blockchain landscape. This pivotal update not only facilitated immediate improvements but also laid the groundwork for future expansions and integrations within the broader Ethereum ecosystem.
Heimdall Upgrade Streamlines Validator Processes in Post-Dencun Environment
The Heimdall upgrade, specifically version v1.0.7-bone, focuses on optimizing the validator experience on Shibarium, particularly in light of Ethereum’s recent Dencun hardfork. This update mandates that all validators adopt the new version, ensuring seamless processing of transactions, including support for blob transactions—a feature introduced by Ethereum’s Dencun to increase data efficiency.
“This version ensures seamless operations in the post-Dencun environment,” Shibarium developers underlined in a release note exclusively seen by The Shib Daily. Furthermore, “This version ensures compatibility with Ethereum post-hardfork by updating the bor package to v1.3.7, which can handle blob transactions introduced by Dencun,” the developers’ noted.
Shibarium Bor Upgrade Introduces Scalability Features and Deflationary Tokenomics
Simultaneously, the Bor component sees substantial improvements with the v1.3.7-bone upgrade. This release introduced a key feature: an upgradable burn contract designed to enhance ‘Shibarium deflationary mechanics with new burn contract’.
This contract, deployed at the hardfork block, allows for dynamic adjustments to the token burn rate, potentially impacting token supply and value over time.
“We are upgrading the burn contract to an upgradable version to support exciting future updates and enhancements. The new burn contract has been deployed at address 0x541F60e5576764cA3957f70b6a1E60f3CE5886e0 on block 8200512, playing a key role in the ecosystem’s deflationary mechanics,” the developers shared.
The Bor upgrade also incorporates ‘Shibarium ancient block pruning feature’ functionality, allowing nodes to remove historical block data, significantly reducing storage requirements and improving network efficiency.
This ‘Bor v1.3.7-bone blockchain upgrade’ also integrates the latest features from Ethereum’s Geth v1.13.6. This move, according to Shibarium developers ensures compatibility of Shiba Inu’s layer-2 scalability solution “with the latest Ethereum features and fixes, such as improved block propagation, peering issues, and optimized EVM execution.”
The Shibarium Cancun Hardfork is a crucial step in maintaining the network’s competitiveness in the evolving blockchain landscape. By aligning its Layer 2 solution with Ethereum’s latest features, Shibarium positions itself as a scalable and adaptable platform capable of supporting a broad range of decentralized applications.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
