financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Important Shiba Inu (SHIB) Announcement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Important Shiba Inu (SHIB) Announcement
Dec 3, 2024 12:00 PM

Shiba Inus blockchain underwent a considerable upgrade today. The Heimdall and Bor hard forks are live. They aim to improve performance and stability and include an upgradeable burn contract.

The Heimdall Hard Fork

According to the official documentation, the latest version of the Heimdall upgrade, namely v1.07-bone has been released for the Shibarium blockchain.

Amid the numerous features of the upgrade are:

Documentation enhancements Improvements to code validation Dependency upgrades; Bug fixes, etc. Following the hard fork, validators on Shibarium have to upgrade to the version before the Dencun hard fork takes place on Bor. This would ensure compatibility with Ethereum (after its fork) by updating the bor package to v.1.3.7, which is now capable of handling blob transactions that were introduced by the Dencun hard fork on Ethereum.

The Bor Hard Fork

This particular release is focused on improved performance, blockchain management, security, as well as incorporating certain merges.

One of the most important features of the Bor upgrade is the new burn contract. Per the official documentation:

We are upgrading the burn contract to an upgradable version to support exciting future updates and enhancements. The new burn contract has been deployed at address 0x541F60e5576764cA3957f70b6a1E60f3CE5886e0 on block 8200512, playing a key role in the ecosystems deflationary mechanics.

Other features include:

POS bridge integration Deterministic fork choice Geth upstream merges Blockchain hard fork consistency Security enhancements, and others.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BTC Price Maintains $80K After Favorable CPI Data, XRP to Get Commodity Status? (Your Weekly Recap)
BTC Price Maintains $80K After Favorable CPI Data, XRP to Get Commodity Status? (Your Weekly Recap)
Mar 14, 2025
It was another eventful and highly volatile week in the cryptocurrency industry that began on the wrong foot, yet again. Lets dive in. After a relatively sluggish weekend, which BTC spent at around $86,000 without any major moves in either direction, Monday began with some volatility that pushed the asset south to $80,000 before it bounced off to $84,000. However,...
Pi Network Turns 6: Latest Developments, Milestones, and Future Plans
Pi Network Turns 6: Latest Developments, Milestones, and Future Plans
Mar 14, 2025
TL;DR Since its 2019 launch, Pi Network has grown its ecosystem, introduced KYC verification, and recently launched its Open Network. However, delays and shifting deadlines continue to frustrate its community. Happy Birthday, Pi Network The cryptocurrency project, launched by a group of Stanford graduates, saw the light of day on March 14, 2019. During its first years of existence, the...
SEC Reportedly Considering Classifying XRP as a Commodity
SEC Reportedly Considering Classifying XRP as a Commodity
Mar 14, 2025
The U.S. Securities and Exchange Commission (SEC) is reportedly considering classifying XRP as a commodity rather than a security. This discussion is said to have emerged amid ongoing settlement negotiations between the agency and Ripple Labs, potentially signaling a shift in its regulatory stance. SEC Weighs XRP’s Commodity Status According to insiders cited by senior Fox Business correspondent Charles Gasparino,...
This Meme Coin Soars 162% After Coinbase Roadmap Addition
This Meme Coin Soars 162% After Coinbase Roadmap Addition
Mar 14, 2025
Doginme (DOGINME), a meme coin built on Base, has seen its price skyrocket 162% after Coinbase added it to its roadmap. The token’s 24-hour trading volume also jumped 246% following the disclosure. DOGINME’s Meteoric Rise On March 14, Coinbase announced the inclusion of DOGINME to its roadmap, sparking an immediate response from the market. The meme coin, inspired by a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved