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Shiba Inu

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The<a href="https://u.today/crucial-shibarium-update-launches-as-shib-gains-spotlight" rel="noopener noreferrer nofollow">Shibarium</a> bridge for Shiba Inu (SHIB), which enables interactions between the blockchain and other networks, is undergoing a security upgrade.
This is according to an update by Kaal Dhairya, SHIB developer, who <a href="https://x.com/kaaldhairya/status/1862605503584485399" rel="noopener noreferrer nofollow">shared</a> it on X. He explained that the Shibarium bridge enhancement will help protect users’ assets and the platform's integrity.
<h2 id="shibarium-in-temporary-downtime-for-maintenance">Shibarium in temporary downtime for maintenance</h2>
This upgrade suggests a deliberate effort by the core developers to address and fix potential vulnerabilities on the network that pose threats.
While the upgrade is ongoing, the Shibarium bridge will be in "temporary maintenance mode." As such, users cannot transfer assets or conduct any activity on it.
<blockquote class="twitter-tweet">
 🚨 Important Update: The Shibarium bridge is currently undergoing a critical security upgrade and enter temporary maintenance mode. During this time, the bridge will be temporarily down, but rest assured—your funds are safe (SAFU). Burns will pause temporarily, but the underlying…— Kaal (@kaaldhairya) <a href="https://twitter.com/kaaldhairya/status/1862605503584485399?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2024</a>
</blockquote>
Dhairya, however, assured that the network's status should not cause users anxiety. He assured them that their funds remained secure despite the downtime.
"During this time, the bridge will be temporarily down, but rest assured—your funds are safe (SAFU)," he wrote.
Meanwhile, during the maintenance period, the Shibarium <a href="https://u.today/shiba-inu-shib-burn-rate-slumps-but-theres-a-catch" rel="noopener noreferrer nofollow">burn mechanism</a> will also pause. Notably, burn amounts are still getting tracked and will resume as soon as the bridge becomes operational. It implies that SHIB tokens cannot enter dead wallets during the upgrade.
<h2 id="shibarium-s-increased-utility-and-community-growth">Shibarium’s increased utility and community growth</h2>
Although Dhairya provided no details as to the nature of the security upgrade or what prompted it, it is happening following the growing utility of the platform.
As per an earlier U.Today<a href="https://u.today/new-shibarium-milestone-inch-away-details" rel="noopener noreferrer nofollow">report</a>, there has been sustained adoption, which has led to an increase in the number of Shibarium wallet addresses.
At the start of the month, Shibarium stood only a few wallet addresses away from the 1.9 million milestone. The <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">figures</a> have since crossed the target and now stand at 1,993,263 wallet addresses, 6,737 away from hitting 2 million. This is a clear sign of the increased utility and adoption of Shibarium.
As of this writing, the downtime has not significantly impacted the market price of Shiba Inu. <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">Data</a> shows SHIB is changing hands at $0.00002742, a 5.18% increase in the last 24 hours. Market volume has also soared by 107.03% to $1.56 billion. <a href="https://u.today/shib-developer-issues-major-shibarium-security-update" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SHIB Developer Issues Major Shibarium Security Update

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