- Shibarium Layer-2 is nearing its public launch, with the team stating that the platform is operating smoothly and is ready for deployment.
- Users are eagerly anticipating the launch and the new experience the platform will offer.
- Initial issues encountered during the testing phase have been resolved, and the Shibarium team has announced readiness for launch.
The highly anticipated public launch of Shibarium Layer-2, a significant advancement in blockchain technology, is imminent. The Shiba Inu team has confirmed that the platform is functioning flawlessly and is set to go live. The new update includes additional security measures and a monitoring system, aiming to provide users with a safer experience.
Shibarium Operating Without a Hitch
The team behind Shibarium, an Ethereum Layer-2 network, has stated that the platform is currently live and in private mode. It has been running smoothly during its two-day test and is on the verge of going public. In a recent blog post, the Shibarium team assured that the funds are safe and users can look forward to a new experience once the platform becomes accessible to all. Those benefiting from the update are already celebrating the bridged BONE tokens they receive when entering the network.
Shibarium Community Responds to Progress
The Shibarium community, known as the Shib Army, has been commenting on the progress via X. The Shibarium team expressed satisfaction with the progress, stating that the network is “ready” after extensive testing and parameter adjustments. Although testing continues, the team announced that blocks are consistently being created without issues.
Shib Team Confident This Time Around
The latest updates will include additional security measures and a monitoring system. These improvements aim to implement speed restrictions at the RPC level and an automatic server reset mechanism. These enhancements aim to prevent potential issues caused by sudden traffic fluctuations, thereby providing users with a stable and reliable experience. During the testing phase, the network attracted significant attention as it processed over 22 million transactions from millions of wallets over four months. However, the initial launch encountered difficulties, and a surge of activity overloaded the network, temporarily halting transactions for several hours. As a result, millions of dollars were stuck on the official bridge platform, causing a 10% drop in Shiba Inu’s price. However, the developers addressed the issues and explained that an unforeseen increase in transaction volume caused the servers to lock the system. Despite the initial challenges, the network team is confident that the relaunch will be successful.
Conclusion
With the imminent public launch of Shibarium Layer-2, the cryptocurrency world is set for another significant advancement. The team behind the platform has assured users of a smooth and secure experience, and the community is eagerly anticipating the launch. Despite initial launch difficulties, the team is confident of a successful relaunch, promising a new and improved experience for users.
