In recent hours, there have been new developments for Dogecoin (DOGE) and Shiba Inu (SHIB), the biggest meme coins. Here are the details…
Important documents released for SHIB
Shiba Inu developers have released publicly available documentation for Shibarium beta, a layer-2 solution aimed at providing a low-cost Blockchain solution for the Shiba ecosystem. Shiba Inu (SHIB) developer Shytoshi Kusama confirmed Saturday that the newly released Shibarium documentation will be corrected to add that the Oracle used is Unification/xFund. cryptocoin.com As we reported, Shibarium, proposed by Shiba Inu creator Ryoshi, will reduce transaction fees with the goal of minimal or zero fees, making it a more cost-effective alternative to Ethereum.
In an update provided by Shytoshi Kusama, he said that the new Shibarium documentation is complete but will add that Unification/xFund is the Oracle used. In February 2023, Unification announced that developers are busy on Unification/xFund’s Oracle of Oracles (OoO) for the Shibarium layer-2 Blockchain. The documents clearly explained how Shibarium’s Proof-of-Stake and Ethereum Shibarium bridge work.
The solution uses Proof-of-Stake (PoS) to guarantee asset security and sidechains to process transactions, resulting in unmatched transaction speed and cost efficiency. In addition, its Blockchain is scalable and compliant with major ERC standards, providing seamless integration. Shibarium’s architecture is organized into three different layers known as Bor layer, Heimdall layer and Ethereum layer. The Ethereum layer consists of a series of smart contracts on the Ethereum Blockchain.
What about Shibarium’s quests?
Shibarium offers developers three different security models to use as a foundation for their DApps: Proof of Stake (PoS) security, Plasma security, and Plasma and PoS Hybrid. The PoS layer for Tendermint is built using Heimdall and Bor technologies. Once two-thirds of the validators have signed a checkpoint, that point is included in the root chain. Validators and checkpoints are then sent to Ethereum to secure the system. Shibarium will provide users with an intuitive SHIB burning mechanism and can also act as a bridge between various ecosystems.
Developers can transfer tokens between Shibarium’s fast transaction processing, scalability, security and simplicity, making it a promising Blockchain, layer-2 solution for the Shiba Inu ecosystem. Shibarium aims to provide a more accessible, flexible and cost-effective Blockchain for the Shiba community, and the release of public documents is an exciting development to achieve this goal.
Dogecoin Foundation announces a new Libdogecoin toolkit
The Dogecoin Foundation, on the other hand, has released a major update to its Libdogecoin toolkit. The update, called Libdogecoin 0.1.2, came to the fore. According to developer Michi Lumin’s announcement on March 23, the new version includes a number of important improvements. One of the most notable new features is support for bip39 seed phrase generation and conversion, which allows users to create mnemonic phrases in many different languages. This functionality is included as a utility in the included executables and can be used to create mnemonic phrases.
In addition to support for bip39 seedphrase, libdogecoin 0.1.2 now fully supports bip32/44 and slips44 HD addressing. This means that Libdogecoin can properly derive keys and addresses according to bip32 and 44 rules and generate subkeys and addresses. Other new features include QR code support, which allows libdogecoin to instantly generate QR codes in text, jpeg and png formats without the need for any additional libraries.
One of the most important improvements in libdogecoin 0.1.2 is full support of MSVC CMAKE for Windows builds. This means that libdogecoin now creates its own prerequisites and is ready to generate when imported into MS Visual Studio (2022, CMAKE) on Windows. In addition to these new features and improvements, the libdogecoin 0.1.2 update includes numerous fixes and improvements.
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