Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork

Dogecoin (DOGE) competitor Shiba Inu (SHIB) has announced the completion of the long-awaited Shibarium hard fork.

In a new thread on social media platform To tell They have officially completed the Sybarium hard fork, a move that traders have been expecting since last year.

“Shibarimumu has successfully completed a hard fork at block height 4504576! Get ready: super-fast transactions and predictable gas fees!”

Shibarium, a Layer 2 scaling solution, first released Beta Bridge to the general public in July 2023. It utilized both plasma and proof-of-stake (PoS) technology to allow investors to move tokens between Shibarium and the leading smart contract platform, Ethereum (ETH).

In June 2023, Lucie, Content Market Specialist at Shiba Inu, talked about the benefits of Shibarium, including lower gas fees, faster transactions, more use cases for Bone ShibaSwap (BONE) digital assets, and enhanced security features. I explained in detail.

“Shibarium strengthens the project by offering scalability, cost-effectiveness and enhanced security. Shibarium’s lower gas prices could have a significant impact on Bone, increasing its demand and potential value. There is a gender.

Shibarium gives projects the opportunity to innovate, expand, and create a more accessible and thriving decentralized ecosystem. ”

In September 2023, it was reported that Shibarium had grown rapidly, with the overall number of transactions exceeding 2.5 million, reaching an average of 200,000 transactions per day. Furthermore, it was revealed that the protocol has over 1.2 million unique wallet addresses using its services, and the amount of BONE reached his 27.1 million.

At the time of writing, SHIB is trading at $0.000024, up 5.2% in the past 24 hours.

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