The Shiba Inu team has made a date for the highly anticipated new platform Shibarium. The Layer-2 Blockchain, which crashed due to excessive traffic, is ready to go public very soon after successfully completing the testing phase.
Shiba Inu team says it will open Shibarium to the public very soon
The Shiba Inu-exclusive Layer-2 Blockchain Shibarium makes SHIB more than just a meme token. The project team announced that the platform is running smoothly and only needs to be released to the public. Shibarium is currently live and only available in private mode. According to the latest announcement, it will be available to everyone very soon.
In a recent blog post, the Shibarium team stated that funds remain safe and users can expect a new experience once the platform becomes accessible to everyone. Those who benefit from the update are already celebrating the introduction of bridged BONE tokens.
Things are going in the right direction 🔥🚀✨🌕💯 https://t.co/yS8iqbz1ra
— Daniel (@Pasaben101) August 24, 2023
The Shiba Inu community is also watching the development closely. With the latest announcement, it has been confirmed that Shibarium will reach the “ready” state after extensive testing and parameter adjustments. While testing was ongoing, the team found that the blocks were consistently created seamlessly.
Shibarium is now stronger than before
Recent updates include additional security measures and a monitoring system. The enhancements will include enforcement of rate limiting at the remote procedure call (RPC) level and an automatic server reset mechanism. The purpose of these improvements is to prevent potential problems caused by traffic spikes. It also guarantees users a stable and reliable experience. All of this means additional use cases for the Shiba Inu.
Shibarium garnered a lot of attention, with millions of wallets processing more than 22 million transactions during the four-month testing phase. However, cryptocoin.com As we reported, the first launch faced difficulties. An overwhelming increase in activity caused a network overload. This led to a temporary pause in transactions for a few hours. As a result, millions of dollars got stuck in a bridge vehicle. This resulted in a 10% drop in the price of the Shiba Inu.
Later, the developers addressed the issues. According to the report, the servers were overblown due to the unpredictable increase in transaction volume. Despite the initial difficulties, the Shiba Inu team says they are now confident of the reopening’s success.
What’s next for the Shiba Inu (SHIB) price?
Technically speaking, the Shiba Inu price dropped 32% from August 14 to August 17. While it found some demand from the supports, the short time frame price charts showed bears dominating. It takes a huge influx of demand to change that. Currently, if SHIB price breaks the $0.000009 resistance, the bulls’ next target will be $0.0000107. The meme token is currently trading in the $0.000008275 region, where it is up 1.5% on the latest news.
