Shiba Inu’s Puppynet Gets Ethereum Upgrade for Smoother, Faster Transactions

Source Beincrypto

Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is set for a major upgrade that will increase its security and scalability.

Shiba Inu’s marketing executive Lucie announced that the upgrade would target Puppynet, Shibarium’s testnet.

Puppynet to Get Update That Brings Ethereum’s ‘Best Practices to Shibarium’

Puppynet is scheduled for an upgrade on Friday at 2:30 a.m. ET at block 4,697,000. The changes include the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements aim to improve network performance, security, and overall efficiency, offering users a smoother experience.

“This upgrade is for Puppynet and it’s very important for developers! We’re rolling out some awesome changes that will make things run smoother, faster, and safer,” Lucie explained.

The upgrade will integrate Ethereum’s core software, Geth, into Shibarium’s testnet, bringing advanced features like faster smart contract execution, improved peer-to-peer networking, and better block propagation. It will also strengthen the network’s proof-of-stake (PoS) bridge, enabling smooth cross-chain asset transfers between Shibarium and other blockchains.

Read more: 6 Best Platforms To Buy Shiba Inu (SHIB) in 2024

Additionally, the update will optimize gas fees, making transactions more affordable, and prune historical block data to conserve disk space, keeping Shibarium lightweight as it grows. Security enhancements will include improved error handling, vulnerability patches, and bug fixes to ensure a more secure network.

Post-upgrade, users can expect quicker transactions, better security, stable cross-chain transfers, and improved disk management. Lucie highlighted that these updates could boost Shibarium’s adoption, potentially increasing SHIB token burn rates.

“To really reduce the supply in a big way, we need millions (even billions) of users! The plan is to build an epic system that brings in tons of people, using SHIBARIUM every day. The more users we have, the more SHIB can be burned, making it more valuable over time,” Lucie explained.

The Shiba Inu ecosystem team has advised node operators to update their software to version 1.3.7-bone-beta before the Cancun hard fork.

Read more: How To Buy Shiba Inu (SHIB) and Everything You Need To Know

This upgrade reflects the meme coin’s dedication to advancing the SHIB ecosystem. Last month, Lucie announced that Shiba Inu plans to introduce decentralized governance as part of its growth strategy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US June CPI Preview: Can Cooling Inflation Open Up Fed Rate Cut Expectations? How Will US Stocks, the Dollar, and Gold React?The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
Author  TradingKey
11 hours ago
The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
placeholder
WTI Crude Oil Price Forecast: US-Iran Conflict Escalates, Oil Price Rally Targets $80As of the early Asian trading session on July 13, WTI crude oil ( USOIL) prices surged. Affected by the escalation of the US-Iran conflict over the weekend, the market has re-incorporated
Author  TradingKey
14 hours ago
As of the early Asian trading session on July 13, WTI crude oil ( USOIL) prices surged. Affected by the escalation of the US-Iran conflict over the weekend, the market has re-incorporated
placeholder
Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USDGold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
Author  FXStreet
14 hours ago
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
placeholder
WTI surges above $74.00 as US-Iran strikes reignite Hormuz risksWest Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.
Author  FXStreet
20 hours ago
West Texas Intermediate (WTI) oil price rises after two days of losses, trading around $74.20 during the Asian hours on Monday.
placeholder
WTI rally takes a timeout amid signs of US-Iran war de-escalationWest Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
Author  FXStreet
Jul 10, Fri
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
goTop
quote