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  • The Shibarium beta bridge goes live for public testing with community members responding positively after successful tests.
  • The Shibarium bridge is a special tool that lets users move their assets between different networks like Ethereum and Shibarium.

There are a lot of things going on in the Shiba Inu ecosystem over the upcoming mainnet launch of the Layer-2 scalability platform Shibarium. The Shiba Inu development team has managed to hit milestones consistently while working on Shibarium.

A Shiba Inu community influence recently announced another major milestone attained by the Shiba Inu development team. As the launch of the Shiba Inu L2 network approaches, the development team has introduced the Shibarium beta bridge for public testing. Members of ShibArmy are encouraged to try out the cross-chain solution and provide feedback on any issues or bugs they encounter. Shiba Inu community influencer LUCIE wrote:

Shibarium Beta Bridge has gone live for public testing! Be among the first to try out this revolutionary cross-chain solution. Remember, always exercise caution and verify authenticity before connecting your wallet to any website. PLEASE DO NOT USE YOUR REAL ASSETS! Only faucets.

The official from the ecosystem also emphasized that users should verify the authenticity of the Shibarium beta bridge website before connecting their wallets. This caution comes in response to incidents where some Shiba Inu investors lost their assets due to a fake Shibarium website.

About the Shibarium Beta Bridge

The Shibarium bridge is a special tool that lets users move their assets between different networks like Ethereum and Shibarium. It allows them to deposit and withdraw their assets easily.

To deposit their assets into the bridge, users need to make just one transaction. However, it takes some time for the transfer to complete – around 20 to 30 minutes to move funds from Ethereum to Shibarium.

But remember, the Shibarium Bridge doesn’t support delegation and staking. So, if you’re a Shiba Inu investor looking to do that, don’t use the Shibarium bridge for that purpose.

Excitingly, the launch of the Shibarium beta bridge for public testing happened shortly after Shytoshi Kusama announced that there will be more thrilling releases before the mainnet launch of Shibarium.

The Shiba Inu Community Reacts

The Shiba Inu community members have shown great enthusiasm for this major development. In response to Lucie’s update, some users confirmed that they have successfully used the cross-chain protocol.

One supporter mentioned that the Shibarium beta bridge works well, stating, “Tested successfully earlier,” as per the comment from the pseudonymous Shiba Inu proponent.

Meanwhile, numerous community members are eagerly awaiting the upcoming mainnet launch of Shibarium, scheduled to take place in August during the Blockchain Futurist Conference. They have high hopes that this event will usher in more exciting developments for the Shiba Inu ecosystem.

This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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