Shiba Inu’s core team has launched a major upgrade of its Shibarium network in response to recent security breaches. The update aims to bolster the platform’s decentralization and enhance its resilience against future attacks. 👻
Following a validator key hack earlier this year, the Shiba Inu team is taking proactive steps. The upgrade includes a migration to a new RPC endpoint, strengthening network infrastructure to prevent similar incidents from occurring in the future.
Key changes include increased decentralization by rotating validator keys and enhancing staking processes. This move aims to ensure greater control over the platform’s security and operations.
💰 While the upgrade has sparked positive investor sentiment, reflected in a slight increase of SHIB token price, no new funding was announced. However, past measures have been credited for restoring trust and integrity within the ecosystem.
Shibarium is designed to impact users and decentralized applications relying on its RPC access.
The upgrade is a vital step towards ensuring secure cross-chain functionalities, with continuous efforts from Shiba Inu team focusing on protocol safety and user support.