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Blockchain

Layer 2 Shibarium’s Public Launch Coming Soon After Successful Private Mode Testing

August 24, 2023 - Around 2 mins mins to read

Key Points:

  • Shibarium’s Ethereum layer-2 network prepares for a seamless public launch with stronger security.
  • Early users welcome bridged BONE tokens, marking a positive start for its new phase.
  • The successful beta testing highlights its DeFi potential, aiming for efficient transactions and user safety through transparent updates.
The highly anticipated launch of Shibarium’s (L2) public version is on the horizon, according to a recent update from the Shibarium team. The Ethereum layer-2 network is set to open its doors to the public, assuring users of a seamless experience with reinforced security measures.
Layer 2 Shibarium's Public Launch Coming Soon After Successful Private Mode Testing

As the network prepares for its public debut, early adopters are already celebrating the arrival of bridged BONE tokens, marking a promising start for this new phase.

The team expressed their satisfaction with the progress, affirming that after rigorous testing and parameter adjustments, the network is in a deplorable state. Despite ongoing testing, block production continues without a hitch.

The latest enhancements come from upgraded safety measures and a vigilant monitoring system.

Among these improvements are RPC-level rate limiting and an automatic server reset mechanism specifically designed to mitigate disruptions stemming from sudden spikes in traffic. These updates collectively ensure a stable and dependable user experience.

Shibarium, powered by the Shiba Inu community, successfully resumed block production after a brief pause caused by an influx of traffic.

Having attracted over 22 million wallets during its beta testing phase, Shibarium positions Shiba Inu as a heavyweight in the DeFi realm. With increased throughput and reduced transaction fees lower than Polygon (MATIC), the network aims to elevate the efficiency of decentralized applications (dApps) and transactions.

Technical hurdles arose due to the overwhelming engagement scale, with an astonishing 160 million compute units registered within just 30 minutes post-launch. This extraordinary response underscores the robust influence of the ShibArmy.

Lead developer Shytoshi Kusama assures users of the security of their funds and emphasizes the network’s bridge and chain’s stability.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

BONE

Layer 2

Shiba Inu

Shibarium

ShibArmy

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Layer 2 Shibarium’s Public Launch Coming Soon After Successful Private Mode Testing

Key Points:

  • Shibarium’s Ethereum layer-2 network prepares for a seamless public launch with stronger security.
  • Early users welcome bridged BONE tokens, marking a positive start for its new phase.
  • The successful beta testing highlights its DeFi potential, aiming for efficient transactions and user safety through transparent updates.
The highly anticipated launch of Shibarium’s (L2) public version is on the horizon, according to a recent update from the Shibarium team. The Ethereum layer-2 network is set to open its doors to the public, assuring users of a seamless experience with reinforced security measures.
Layer 2 Shibarium's Public Launch Coming Soon After Successful Private Mode Testing

As the network prepares for its public debut, early adopters are already celebrating the arrival of bridged BONE tokens, marking a promising start for this new phase.

The team expressed their satisfaction with the progress, affirming that after rigorous testing and parameter adjustments, the network is in a deplorable state. Despite ongoing testing, block production continues without a hitch.

The latest enhancements come from upgraded safety measures and a vigilant monitoring system.

Among these improvements are RPC-level rate limiting and an automatic server reset mechanism specifically designed to mitigate disruptions stemming from sudden spikes in traffic. These updates collectively ensure a stable and dependable user experience.

Shibarium, powered by the Shiba Inu community, successfully resumed block production after a brief pause caused by an influx of traffic.

Having attracted over 22 million wallets during its beta testing phase, Shibarium positions Shiba Inu as a heavyweight in the DeFi realm. With increased throughput and reduced transaction fees lower than Polygon (MATIC), the network aims to elevate the efficiency of decentralized applications (dApps) and transactions.

Technical hurdles arose due to the overwhelming engagement scale, with an astonishing 160 million compute units registered within just 30 minutes post-launch. This extraordinary response underscores the robust influence of the ShibArmy.

Lead developer Shytoshi Kusama assures users of the security of their funds and emphasizes the network’s bridge and chain’s stability.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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