Shibarium Hits New Milestone With Bor & Heimdall Hard Fork

Shiba Inu’s Layer 2 blockchain “Shibarium” has successfully undergone a hard fork and is attracting interest from the broader cryptocurrency community. His Heimdall hard fork, his second upgrade following the success of the Bor hard fork, aims to increase the reliability of transactions on the Shibarium blockchain and facilitate the achievement of “deterministic finality” for the network. That’s what I mean.

Traders immediately reacted to the hard fork, and after the reversal, the upward momentum gained momentum, with SHIB price hitting an intraday high of $0.00002345.

Shiba Inu succeeds in hard fork

The Shiba Inu team reported that the hard fork was successfully completed at block height 4504576. Shibariomu NetworkThe official Shibarium blockchain account for X also posted on May 3 to inform the broader cryptocurrency community about the new milestone.

The hard fork is an important development for Shiba Inu to optimize its blockchain infrastructure for future growth and adoption. More precisely, the hard fork upgraded the performance of the network, optimizing transaction processing and preparing for future growth and adoption.

“Be prepared for lightning-fast transactions and predictable gas prices,” says Shibarium Network. These upgrades are primarily aimed at improving network efficiency, optimizing the consensus mechanism, and introducing new features to support scalability.

The hard fork reduces synchronization issues and gas fees previously encountered, and provides definitive finality on the Shibarium network.

The Shiba Inu team focuses on innovation and future developments in the Web3 and decentralized finance space. Recently, Shiba Inu’s decentralized exchange ShibaSwap migrated from Ethereum to Shibarium and introduced new his DeFi features.

Kusama Shaitosi also noted that the company has raised $12 million in funding from market leaders for Layer 3 blockchain and Sybarium development.

Also read: Coinbase talks about SEC lawsuit and political contributions in investor letter

Is SHIB price heading towards recovery?

SHIB price witnessed a reversal after whales accumulated meme coins on the push. The price has increased by 6% in the past 24 hours and is currently trading at $0.00002303. The 24-hour low and high prices are $0.00002176 and $0.00002343, respectively. However, trading volume has declined by 22% in the past 24 hours, indicating a decline in interest among traders.

According to CoinGape Markets, Shiba Inu price could rise to $0.0001 amidst whale buying activity. In fact, prices may fall in the short term despite the rebound to confirm a recovery.

Also Read: 23,000 Bitcoin Options Set to Expire Today, Where Will BTC Price Move Next?

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