Shibarium to Relaunch for Public After Botched Launch
The Shibarium layer-2 network of Shiba Inu is set to relaunch for the public, The announcement was made by Shiba Inu lead developer Shytoshi Kusama in a recent blog post.
Shibarium was first launched on August 16, 2023, but it was shut down shortly after due to unanticipated high traffic. Kusama said that the team has been working to resolve the issues that caused the outage, and that the network is now “enhanced and optimized.”
“After two days of testing and tweaking parameters to achieve ‘ready’ state Shibarium is now enhanced and optimized,” Kusama said. “As mentioned it is still in testing, but producing blocks.”
The relaunch of Shibarium is a major development for the Shiba Inu ecosystem. The layer-2 network is designed to reduce gas fees and improve transaction speeds on the Ethereum blockchain. This could make Shiba Inu more attractive to users and investors.
In addition to the relaunch of Shibarium, Kusama also announced that additional validators will go live tomorrow. Validators are nodes that help to secure the network and process transactions. The addition of more validators will help to make Shibarium more decentralized and secure.
The relaunch of Shibarium is a positive development for the Shiba Inu ecosystem. It could help to reduce gas fees and improve transaction speeds, making Shiba Inu more attractive to users and investors. The addition of more validators will also help to make Shibarium more decentralized and secure.
It remains to be seen how the relaunch of Shibarium will impact the price of SHIB. However, the development is a positive sign for the long-term prospects of the project.
What to expect after Shibarium release?
The release of Shibarium is expected to have a number of positive effects on the Shiba Inu ecosystem. First, it will reduce gas fees, making it cheaper and faster to use the network. This could make Shiba Inu more attractive to users and investors.
Second, Shibarium will improve scalability, allowing the network to handle more transactions per second. This could help to reduce congestion and improve the overall user experience.
Third, Shibarium will be more decentralized than the Ethereum blockchain. This is because it will use a proof-of-stake consensus mechanism, which is more energy-efficient and secure than proof-of-work.
Overall, the release of Shibarium is a major development for the Shiba Inu ecosystem. It is expected to make the network more user-friendly, scalable, and decentralized. This could have a positive impact on the price of SHIB and the long-term prospects of the project.
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