Shibarium, Shiba Inu's Ethereum-based Layer-2 network, celebrates its first anniversary by announcing significant upgrades to its security and token burn mechanism.
The network now includes a 'Security Score' for smart contracts, rated from 1 to 100 based on vulnerabilities and other parameters. This tool, powered by SolidityScan, aims to enhance transparency and safety.
An auto-burning feature named ShibTorch has also been introduced, inspired by Ethereum’s EIP-1559. This allows users to burn SHIB tokens, reducing supply and potentially increasing value.
The Shiba Inu ecosystem is buzzing with excitement for the upcoming ShibaCon conference in Bangkok, intended to unite the community.
With 418 million transactions and 1.8 million registered wallets, Shibarium has gained significant traction while maintaining low gas fees. The network has also secured $12 million for future development into areas like NFTs, gaming, and the Metaverse.
