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Altcoins

Shiba Inu Ecosystem Getting Major Tech Upgrade

NBTCBy NBTC06/11/2024No Comments1 Min Read

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Puppynet, the testnet version of the Shibarium layer-2 solution behind the Shiba Inu (SHIB) cryptocurrency, is gearing up for major tech upgrades, according to a Friday announcement.

Bor, one of the primary components of the network, will get a new version. This will be accompanied by the implementation of the Cancun hard fork.

The upgrade is expected to bring faster transactions, ensure a more efficient storage system, and improve user experience.

Testnets are networks that function in a similar way compared to actual networks. However, these networks are valueless. As the term suggests, such networks are meant to give developers more opportunities to toy with a certain network before trying the real thing. Testnets also help to fix possible vulnerabilities, avoiding major losses. Ethereum, for instance, has the Sepolia testnet. There are also several other tenets, such as Goerli and Kovan, that have been already deprecated.

In early August, Shibarium also introduced a hard fork with a new Bore version that introduced a burn mechanism for enhancing the ecosystem.

The SHIB burn mechanism was initially launched for testing purposes on the Puppynet network back in February.

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NBTC

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