Image default
CryptoNewsFeaturedShiba Inu SHIB

Shibarium: Evolution in Puppynet and Innovative Token Burning Mechanism

Shibarium, the blockchain behind Shiba Inu, is undergoing a momentous transformation by making a key transition to its testnet, Puppynet.

This exclusive post reveals that the move from Goerli to Sepolia is not just an infrastructure change but a significant upgrade.

Sepolia emerges as a game-changer, providing an intricately controlled and stable testing environment that closely mirrors the dynamics of the Ethereum mainnet.

This strategic transition ensures developers a robust and consistent foundation for testing their decentralized applications (dApps) and smart contracts.

This evolution does not stop there.

Shibarium also features an L2 testnet on the Sepolia network, with the aim of improving scalability, reducing transaction costs and accelerating the speed of operations.

This deliberate maneuver addresses the burgeoning demands of the blockchain community, particularly in areas as critical as decentralized finance (DeFi) and non-fungible tokens (NFTs).

Shibarium Token Burning Mechanism

Integral to its renaissance, Shibarium introduces a groundbreaking token-burning mechanism that holds paramount importance in the network’s economic model.

This mechanism, essential to the network’s economic model, seeks to strategically reduce the supply of tokens, potentially increasing its value and strengthening its ecosystem.

Commencing in January, this process is slated to metamorphose into an automated system on Puppynet, undergoing extensive testing before its official deployment on the Mainnet.

The automated approach, governed by predefined rules, ensures a seamless blend of efficiency and transparency, heralding a new era for Shibarium.

These strategic decisions reflect Shibarium’s determination to not only keep up with blockchain trends, but also lead the way.

Shibarium Announces Significant Puppynet Transition and Token Burning Mechanism

Additionally, the network sets its sights on further enhancements, promising faster transaction speeds, advanced functionalities for smart contracts, and an overall enriched user experience.

For developers navigating this transformative landscape, a comprehensive guide is offered on how to conduct meticulous testing of smart contracts within the revamped Puppynet.

The assigned string IDs serve as unique identifiers within the Shibarium ecosystem.

The ID “109” is designated for the Shibarium Mainnet, representing the live and operational blockchain network.

On the other hand, the ID “157” is allocated to the Shibarium Testnet, specifically Puppynet.

This number distinguishes the testing environment from the main network, allowing developers to experiment, refine, and troubleshoot smart contracts without impacting the live blockchain.

For an in-depth understanding of how to navigate and test smart contracts on the revamped Puppynet, a comprehensive guide is provided below, ensuring a smooth and informed development process.

The introduction of new Chain IDs for both the Mainnet and the Testnet simplifies this process, solidifying Shibarium’s position as a trailblazing blockchain platform, well-equipped to confront the challenges and seize the opportunities presented by the perpetually evolving digital realm.

Related posts

MyDoge Twitter Account Hacked, Users Warned of Phishing Scam

jose

Former CEO of Celsius Network Sued by New York Attorney General

Godfrey Benjamin

Sorare Inks Partnership With the English Premier League

Godfrey Benjamin

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More