Gushiken Yona
The Shibarium networkβs Cancun hardfork is now live, bringing significant upgrades to sΡalability and validator efficiency while positioning the layer-2 solution for seamless compatibility with Ethereumβs 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 vΠ°lidator experience on Shibarium, particularly in light of Ethereumβs recent Dencun hardfork. This update mandates that all validators adopt the new version, ensuring seamless processing of transactions, including support for blob transactionsβa feature introduced by Ethereumβs Dencun to increase data efficiency.
βThis 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 βShibarium deflationary mΠ΅chanics with new burn contractβ.Β
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This contract, deployed at the hardfork block, allows for dynamic adjustments to the token burn rate, potentially impacting tokΠ΅n 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 βShibarium ancient block pruning featureβ functionality, allowing nodes to remove historical block data, significantly reducing storage requirements and improving network efficiency.
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This βBor v1.3.7-bone blockchain upgradeβ also integrates the latest features from Ethereumβs Geth v1.13.6. This move, according to Shibarium developers ensures Ρompatibility of Shiba Inu’s layer-2 scalability solution “with the latest Ethereum features and fixes, such as improved block propagation, peering issues, and oΡtimized EVM execution.”
The Shibarium Cancun Hardfork is a crucial step in maintaining the networkβs competitiveness in the evolving blockchain landscape. By aligning its Layer 2 solution with Ethereumβs 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 GUSHIKEN
Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.
