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Shiba Inu’s Shibarium Gets Billion-Dollar Boost from Unification, Ushering in the Next Era of Layer 2 Scaling Solutions with VOR and OoO

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    • The Unification Foundation has provided a progress report on Shibarium, the layer-2 network for Shiba Inu.
    • The team is integrating the Verified Open Randomness (VOR) and Oracle of Oracles (OoO) smart contracts on the Shibarium testnet.

Shibarium Update: VOR and OoO Integration Progress

The Unification Foundation, responsible for the development of Shibarium, has shared an update for the Shiba Inu community regarding the progress of Puppynet. The latest update includes the deployment of two important tools, Verified Open Randomness (VOR) and Oracle of Oracles (OoO).

Integration of VOR and OoO

The Unification team is actively working on integrating the Verified Open Randomness and Oracle of Oracles smart contracts onto the Shibarium testnet, known as Puppynet. VOR is a contract used to generate verifiably random outputs, making it essential for applications that require randomness, such as gaming dApps and lottery systems.

On the other hand, oracles play a crucial role in retrieving data from external sources and providing it to the blockchain. They act as bridges between the real world and the blockchain. To address potential vulnerabilities and attacks, Unification has introduced the Oracle of Oracles, which is designed to resist hacking attempts. The team is now focused on deploying these contracts on the Shibarium testnet.

Deployment Progress and Future Plans

The Unification Foundation has successfully deployed a test FUND token on the Shibarium testnet and established a bridge connecting the main Ethereum Goerli test network (L1) with the Shibarium test network (L2). The team has also accomplished the seamless transfer of xFUND test tokens between both networks.

Moving forward, the next steps involve deploying the 000 and VOR Router smart contracts on the Shibarium testnet. The VOR Router enables other smart contracts to utilize the VOR contract for generating random values. Once these smart contracts are deployed, the team will activate the Oracle applications to serve data requests.

Implications and Benefits of the Updates

These recent developments indicate progress toward the eventual launch of the Shibarium mainnet. The integration of VOR opens up opportunities for developers to create games, lotteries, and other applications that rely on random elements. This expansion of possibilities should attract more dApps to the Shiba Inu network.

Additionally, the incorporation of OoO on Shibarium ensures that dApp oracles are resilient to hacking attempts and flash loan attacks. This instills confidence among builders and encourages greater participation on the layer-2 network.

In summary, the Unification Foundation continues to make significant strides in the development of Shibarium. The integration of VOR and OoO brings enhanced functionality and security to the Shiba Inu ecosystem. With ongoing deployment efforts and upcoming updates, the Shiba Inu community can look forward to a robust and secure environment for their investments.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628