Progress is being made in the field of blockchain technology, and the eagerly awaited public launch of the Shibarium Layer-2 version is coming soon. The Shiba Inu team has announced that the platform is running smoothly and it is only a matter of going public. The new update includes additional security measures and a monitoring system, aiming to provide users with a safer experience.
Shibarium is Operating Smoothly
The team behind Shibarium, an Ethereum Layer-2 network, has stated that the platform is currently live and in private mode, running smoothly during a two-day test and on the verge of going public.
In a recent blog post, the Shibarium team claimed that funds are secure and users can look forward to a new experience once the platform becomes accessible to everyone. Those taking advantage of the update are already celebrating as they enter bridged BONE tokens into the network.
The Shibarium community, known as the Shib Army, is responding through comments on X. The Shibarium team expressed their satisfaction with the progress, stating that the network is “ready” after comprehensive tests and parameter adjustments. While tests continue, the team announced that blocks are consistently being created smoothly.
Shib Team Confident This Time
The latest updates will include additional security measures and a monitoring system. These improvements involve the implementation of speed limits at the RPC level and an automatic server reset mechanism. By preventing potential issues caused by sudden traffic fluctuations, these enhancements aim to provide users with a stable and reliable experience.
During the testing phase, the network garnered significant interest with over 22 million transactions from millions of wallets in four months. However, the initial launch faced challenges, with a surge in activity overwhelming the network and temporarily halting transactions for several hours. As a result, millions of dollars were trapped on the official bridge platform, leading to a 10% decrease in the price of Shiba Inu. However, the developers addressed the issues and explained that servers were overwhelmed due to an unpredictable increase in transaction volume. Despite the initial difficulties, the network team expressed confidence in a successful relaunch.
