Based

Read

Shiba Inu

<div class="cryptonews"> 
 <p class="is-style-lead">Shibarium has detailed its <a rel="noopener noreferrer nofollow" title="fourth" href="https://thebittimes.com/tag/fourth.html">fourth</a> <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>, highlighting system optimizations, the introduction of new monitoring tools, and forthcoming governance structures.</p> 
 <p>On Aug. 22, the crypto platform Shibarium, the network for the Shiba Inu (SHIB) cryptocurrency, communicated its progression into a <a rel="noopener noreferrer nofollow" title="fourth" href="https://thebittimes.com/tag/fourth.html">fourth</a> <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a>.</p> 
 <p>Based on the letter from a representative named “Shy,” the platform underwent “two days of testing and tweaking parameters” and has reached a state where it’s now optimized, albeit still in testing. However, the commencement of block production offers tangible proof of some development.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">GM #SHIBARMY ️ We’ve got a fresh update for you on our blog. https://t.co/PKBVls4oar</p>— Shib (@Shibtoken) August 22, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>An addition cited in the <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> details is a new monitoring system. The letter mentions specific <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, stating they “have enabled a new monitoring system and additional fail-safes including rate limiting at the RPC level and auto server reset.” These are presumably responses to technical concerns, possibly indicating an intent to bolster system reliability, especially during high-traffic scenarios.</p> 
 <p>In decentralized platforms’ vast and often turbulent domain, misinformation, termed FUD (fear, uncertainty, and doubt), is common. Shy references this issue in the letter, noting the tendency for some critics to “constantly switch their complaints as the FUD becomes provably false considering things advancing and changing.”</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Shibarium Beta is in its ‘finishing touches’ 
 </div> 
 <p>While the letter conveys certain developments, it also touches on potential collaborations. It suggests opportunities for “protocols, people, and projects that are ready to work on Shibarium.”</p> 
 <p>However, there is also a solid cautionary note about the importance of individual due diligence. The letter explicitly states, “DYOR should be your mantra,” emphasizing the need for research before engagement.</p> 
 <p>The near-future endeavors for Shibarium, as gleaned from the letter, include onboarding more validators and integrating a governance document called the “ShibPaper.” The latter suggests a move towards structured governance, though the tangible outcomes of such a framework remain to be seen.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Shibaswap explained: What is Shibaswap and how does it work? 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Shibarium announces its fourth upgrade

TheBitTimes

Other articles published on Aug 23, 2023

Smart Contracts And Provably Fair Gaming

Bitcoin Ordinals volume dips 98%, OpenSea to disable royalty tool, and Frend.tech hype: Nifty New...

Unavailable DUring Bitcoin Halving? Ripple Executives Notify Court

Mantan Pejabat OpenSea Didakwa Penjara Terkait Insider Trading NFT

Ripple Attorney Suggests: Coinbase’s Acquisition Could Have Included XRP

NFTs VS Traditional Art - Will NFTs Replace Traditional Art Form?

Join our free newsletter for daily crypto updates!