- Shibarium, Shiba Inu’s Layer-2 network, is almost set for a public restart after fixing initial launch issues.
- Over 10 million wallets registered after Shibarium’s launch, showcasing the massive community support.
In an exciting update, Shiba Inu developers have been actively addressing the challenges faced during the initial launch of the Shibarium network, as reported by CoinDesk. The debut of Shibarium was previously dampened by network challenges and a bridge hiccup. However, the latest news indicates an optimistic relaunch, complemented by additional details from NewsBTC highlighting its success following the launch.
Shibarium: A Game-Changer in the Making
Shytoshi Kusama, the key developer of the project, highlighted that Shibarium is now better optimized after days of testing and is “almost ready to reopen to the public”. Kusama mentioned they’ve put in place a new monitoring system, enhanced rate limiting at the RPC level, and introduced an auto server reset to manage unexpected surges in traffic.
“Developers responded to the outage stating that ‘there was no bridge issue’ and that the problem occurred following an unprecedented mass influx of transactions from users.”
Designed as an Ethereum layer-2 network, Shibarium primarily utilizes SHIB tokens for fees, aiming to establish Shiba Inu as a pivotal blockchain project. This network has a special emphasis on metaverse and gaming applications, offering an economical solution for DeFi applications built on it.
Unprecedented Adoption and Initial Challenges
The testing phase for Shibarium witnessed impressive results with millions of wallets participating, culminating in a staggering 22 million transactions in just four months. Yet, the initial launch saw transactions stalling for nearly eleven hours, causing SHIB prices to fall 10%. The overwhelming response led to NewsBTC emphasizing,
“Shibarium, the scaling solution from the Shiba Inu team, has achieved new milestones after experiencing a significant wave of adoption and user engagement following its launch.”
Lucie, a marketer associated with the Shiba Inu ecosystem, expressed astonishment at Shibarium’s overwhelming success and indicated that the surge might have been propelled by the community’s enthusiasm for potential low-cost transactions and increased network efficiency.
Looking Ahead: A Promising Future for Shibarium
Addressing the initial challenges, Shytoshi Kusama acknowledged the issues stemming from the unforeseen user influx. He assured the SHIB community of a smooth journey ahead for Shibarium, noting that the network was undergoing various assessments to ensure it can comfortably accommodate a high influx of users in the future.
“He further added that several features have been integrated into the network including a rate-limiting at RPC level and an auto server reset to prevent future outages.”
With these enhancements and continued testing, the network is gearing up for its public re-debut, setting the stage for SHIB’s potential price ascension to $0.00001.
