Dive into the details of Shibarium's upcoming hard fork as explained in "The Shib: Edition 23".
Scheduled from May 2-4, 2024, this update aims to optimize transaction processing and scalability without introducing new tokens, ensuring a smoother and more efficient blockchain experience.
Contents
Introduction to Shibarium's Two-Phase Upgrade
In a recent publication dated May 2, 2024, from the Shiba Inu (SHIB) team titled "The Shib: Edition 23", detailed information was provided about the hard fork for Shibarium, scheduled to take place from May 2 to May 4, 2024.
This hard fork is not intended to introduce new tokens but aims to enhance transaction speed, cost-efficiency, and scalability within Shibarium—a significant upgrade for the network.
Understanding the Shibarium Hard Fork
A hard fork in the context of Shibarium signifies a crucial upgrade intended to bolster Shibarium’s performance by optimizing transaction processing and preparing for future growth and technological adoption.
This hard fork involves fundamental changes to the underlying technology, which substantially and permanently upgrades the existing blockchain protocol.
It encompasses functionality improvements, new feature implementations, and fixes. Although new blockchain or cryptocurrencies sometimes emerge from such forks, the upgrades planned for Shibarium—named "Bor" and "Heimdall"—will not result in new tokens but aim to enhance network efficiency and introduce features to increase scalability.
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Phase-Specific Details of the Shibarium Hard Fork
The Bor Hard Fork
The first phase, the Bor hard fork, is scheduled for May 2, 2024. This phase addresses bugs associated with the state synchronization process, a mechanism ensuring that all nodes within the blockchain hold identical data.
By increasing the computational requirements for state sync verification and introducing a 128-second delay in the state sync process, this upgrade seeks to enhance data integrity across the network, thereby improving the reliability of data held by nodes and sharing accurate information across the blockchain.
The Heimdall Hard Fork
Following Bor, the Heimdall hard fork will take place on May 3, 2024. This upgrade will enhance the reliability of transaction verifications across Shibarium’s network, leading to increased overall network stability.
Benefits of the Hard Fork
【Reduced Transaction Costs】
By smoothing the fluctuations in transaction fees during peak network usage, the hard fork makes transaction costs more predictable and fair, making the Shibarium-based platforms more accessible and inclusive.
【Enhanced User Experience and Convenience】
The upgrades aim to streamline operations, optimize performance, and lower barriers to entry, making Shibarium's network more user-friendly and appealing to both existing and new users.
【Addressing Network Issues and State Synchronization Challenges】
By addressing bugs and synchronization errors, these upgrades are expected to enhance network resilience and reliability, allowing for smoother network usage for all users.
【Integration of Shanghai Upgrade Features】
Incorporating features from Ethereum’s recent Shanghai update enables Shibarium to align with industry standards and enhance interoperability and compatibility with Ethereum-based apps and protocols.
Additionally, "The Shib: Edition 23" also provides detailed explanations about recent developments such as the integration of ShibaSwap with Shibarium.
>> Read the latest SHIB-related articles here.
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