CandleFocus New SHIB Burn Contract Announced as Part of New Shibarium Mainnet Upgrade
2024-12-03
Author: Content Editor
The official X account of the layer-2 blockchain Shibarium announced major upgrades for the Shibarium mainnet. The upgrades include updates on the Heimdall and Bor hardforks, as well as a new contract for burning SHIB meme coins. The upgrade makes the Shibarium mainnet compatible with Ethereum's Dencun hardfork and its features. The guidance documents recommend running the Heimdall upgrade first and then upgrading the Bor features. The Bor upgrade focuses on performance, security, and blockchain management. It includes a new SHIB burn contract to support future updates. The new SHIB burn contract will help reduce the total token supply, benefiting holders. Node runners need to update their nodes before downloading the upgraded hardfork versions. The SHIB army has burned a significant amount of meme coins recently, with the help of Shibtoshi, founder of SquidGrow meme crypto.
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