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- Unification releases important updates on Shibarium and other Shiba Inu projects.
- According to them, developers are in the process of deploying two important tools on the Shibarium testnet.
The Shiba Inu community has been provided with a very important Puppynet update by the Unification Foundation, the developer of Shibarium, after disclosing two deployments on the Shibarium beta testnet. According to them, the deployment process of Verified Open Randomness (VOR) and Oracle of Oracles (OoO) is going on to provide the Shiba Inu community with more secure tools for their investment.
This is said to be a huge step towards adoption as OoO triggers confidence in the ecosystem by preventing price hacks and also ensures that the best prices for decentralized investment funds are provided. VOR also provides true randomness in different applications including on-chain gaming, generative NFTs, etc.
According to the post, the XFUND test token has also been deployed on the beta testnet.
To date, we have deployed the xFUND Test token on the Shibarium beta testnet, and have successfully bridged L1 to L2. We have also successfully transferred xFUND test tokens between L1 (Goerli) and L2. The next stage will be to deploy the respective OoO and VOR Router smart contracts on Shibarium L2, and finally spinning up the Oracle applications to serve data requests.
The aim is to provide the Shiba Inu community with the best tools in their investment journey.
Other Shiba Inu Updates
Unification disclosed that they have received several requests regarding the additional data types that could be potentially supported by OoO. In the future, OoO development may include the ability to query historical price data from a specified time as well as the ability to query both current and historical gas prices.
For now, the team has OoO Data Request API in a way that different data can potentially be plugged in without any disruption to the existing smart contract. Also, the team has moved away from the R&D phase to full-scale development under the UNoDE.
Whilst we are still maintaining a fair bit of secrecy around UNoDE, we can reveal that we have moved from the R&D phase into full-scale development. As development progresses over the coming months, we may be at liberty to reveal more — and perhaps even begin inviting some trusted early alpha testers. We anticipate alpha deployment sometime in Q3.
Another major development is the Mainchain Upgrade Simulator. According to Unification, the team has been developing several bash scripts and Docker environments used to test each of the coordinated upgrades before releasing and upgrading the testnets.
The past couple of Mainchain upgrades have allowed us to refine and collate these into a reusable simulator, which has been used internally (in various iterations) to test the previous upgrades for und v1.6.x, v1.7.x, and will be used to test the upcoming v1.8.x upgrade.
SHIB currently has bearish market sentiment and has fallen by 11.6 percent in the last seven days to trade at $0.000009. However, the asset is showing positive signs with a 0.25 percent price surge in the last 24 hours.
