Shibarium, the Shiba Inu team’s Layer 2 scaling solution built on Ethereum, is now fully operational, and core team members are already teasing a whole new set of upgrades. The next steps for Bone Shibaswap (BONE), the official token of the scaling solution, were covered in the most recent update that was provided over the weekend.
The contract address of BONE is scheduled to be cancelled in due time, as explained by Kaal Dhairya. Although he did not specify why this change will be made, widespread community assumptions include the establishment of a new contract address that would more closely resemble Shibarium’s present mainnet status. The proposed new smart contract address is expected to work with the Shibarium smart contract.
The senior developer has also suggested that more validators would be introduced to the network, with further information promised ahead of the probable revocation. This validator addition is crucial since it will secure the Shibarium protocol and significantly improve the wider Shiba Inu ecosystem.
The BONE plans are crucial since the digital currency is playing a crucial role in the ecosystem by acting as a governance mechanism to promote innovation and strengthen community ties.
BONE price reaction
BONE is significantly responding to the news as a new week begins, with the announcement now resonating throughout the industry. The price of the virtual currency is at $1.08, up a meagre 1.6% over the last 24 hours as of the writing of this article.
This week, the currency has been experiencing a persistent sell-off that has been broken up by several positive advances. The Shibarium protocol is being steadfastly optimised, and BONE may soon receive a sufficient technological makeover to support its price rises.
