Shiba Inu’s Shibarium inches closer to going public

Shiba Inu's Shibarium inches closer to going public

Blockchain technology is advancing steadily, with the much-anticipated public launch of Shibarium’s layer-2 version on the horizon. The Shiba Inu team has confirmed that the platform is in good operational order and nearly ready for public access.

The creators of Shibarium, an Ethereum layer-2 network, have revealed that the platform is currently active in private mode, having undergone a successful two-day test phase. It is now on the verge of opening up to the general public.

In a recent blog post, the Shibarium team assured users that their funds are secure and expressed optimism about the upcoming public launch, promising an improved user experience. Those who have already benefited from the update, particularly in the form of bridged BONE tokens, are celebrating this progress.

Members of the Shibarium community, known as the Shib Army, have been actively discussing these developments on social media platforms. The Shibarium team is pleased with the platform’s progress, declaring it to be in a “ready” state after comprehensive testing and parameter adjustments. While testing continues, the team reports that blocks are being consistently generated without any hiccups.

The recent updates include enhanced security measures and the implementation of a monitoring system. These upgrades involve the introduction of rate limitations at the remote procedure call (RPC) level and an automatic server reset mechanism. These enhancements are designed to prevent potential disruptions caused by sudden increases in network traffic, ensuring users a stable and reliable experience.

During its testing phase, the network attracted significant attention, with millions of wallets engaging in over 22 million transactions over four months. However, the initial launch faced challenges as an unexpected surge in activity temporarily overwhelmed the network, resulting in a brief suspension of transactions. This incident led to millions of dollars being temporarily stuck on a bridge tool and a 10% decrease in the price of Shiba Inu.

However, developers have since addressed these issues, clarifying that the server overload was due to an unforeseen spike in transaction volume. The network’s team now expresses confidence in the success of the reopening, despite the initial setbacks.

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