Breaking News: Shib Inu Team Announces Successful Testing of Shibarium Network!

  • 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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

BLACKROCK SAYS CURRENTLY HAS NO PLAN TO FILE FOR XRP OR SOL ETF: Link

BLACKROCK SAYS CURRENTLY HAS NO PLAN TO FILE FOR...

$YALA listed on Bybit futures

$YALA listed on Bybit futures

Bithumb Listing: 마켓 추가 트리하우스(TREE) 원화 마켓 추가

Bithumb Listing: 마켓 추가 트리하우스(TREE) 원화 마켓 추가 Bithumb

$TREE listed on Bithumb spot

$TREE listed on Bithumb spot

Bybit Listing: Bybit to List Sidekick (K) on Spot

Bybit Listing: Bybit to List Sidekick (K) on Spot Bybit

XRP Futures Volume Surges 208% Post Ripple SEC Lawsuit Resolution, Indicating Market Confidence

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

SharpLink to Discuss Q2 Results and Ethereum Strategy at Upcoming Conference Call

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Bitcoin Market Faces Uncertainty Amid Speculation of Bhutan’s Potential BTC Liquidation

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

NFT DApps Surpass DeFi in Active Users Amid Record Liquidity and Trading Volume Growth

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Harvard’s Investment in BlackRock’s Bitcoin ETF Suggests Growing Interest in Crypto Among Major Endowments

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Ethereum Approaches Key Resistance at $4,000 Amid Strong Institutional Support and Bullish Breakout Potential

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Harvard and Brown Universities Explore Bitcoin Investment Through BlackRock’s ETF

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...

Roman Storm’s Tornado Cash Case: Jury Deadlocks on Money Laundering Charges Amidst Complex Deliberations

{ "@context": "https://schema.org", "@type": "NewsArticle", "headline":...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img