Placeholder canvas
4.9 C
London
Friday, February 23, 2024
HomeFinance NewsShibarium Analogy by Shiba Inu (SHIB) Team: An Intriguing Insight

Shibarium Analogy by Shiba Inu (SHIB) Team: An Intriguing Insight

Date:

Related stories

Rumor: Xbox’s Hi-Fi Rush to Launch on ‘Switch 2’ According to Reports

Nintendo's recent Partner Showcase revealed that two Xbox games...

Advancement of two income tax reduction plans at Iowa statehouse.

The Iowa Senate Ways and Means committee has moved...

Rivian, former EV darling, now faces challenges in the electric truck market.

Rivian Automotive Inc., previously hailed by investors as a...

Hillside collapse near California dam claims lives of two children.

Two children tragically died after a hillside by a...

Gmail shutting down hoax debunked – here’s what really happened!

A hoax news release falsely claiming that Google was...
spot_img

Shibarium, the Layer 2 blockchain of the Shiba Inu ecosystem, has been making significant progress since its initial launch and subsequent relaunch. In a recent tweet, Lucie, a member of the Shiba Inu team, compared the growth of Shibarium to the remarkable life cycle of a tree. Lucie emphasized that just like a seed contains all the nutrients needed for a tree to grow, Shibarium’s foundation strengthens the entire ecosystem. The relaunch of Shibarium on August 28 was accompanied by extensive testing and a scaling of operations by 1,500% to handle the high traffic.

Since its relaunch, Shibarium has achieved several milestones, including the growth of wallet addresses and total blocks to 1,251,278 and 900,591, respectively. The total number of transactions on the Shibarium network has reached 3,238,688, showcasing the progress of the Shiba Inu Layer 2 protocol. The development team is actively working on further enhancements to the ecosystem, such as the Burn Portal and the Shibarium Wiki, to attract more users and advance the Shiba Inu ecosystem. The recent declaration by Shytoshi Kusama, the lead of Shiba Inu, to end his silence hints at exciting times ahead for the ecosystem.

In summary, Shibarium, the Layer 2 blockchain of the Shiba Inu ecosystem, has shown remarkable growth since its relaunch. Lucie, a member of the Shiba Inu team, highlighted the strength of Shibarium’s foundation and compared its growth to a tree’s life cycle. The relaunch was accompanied by significant testing and operational scaling to handle the traffic. Shibarium has achieved milestones in terms of wallet addresses, total blocks, and transactions, indicating progress in the Shiba Inu Layer 2 protocol. The development team continues to work on improving the ecosystem through features like the Burn Portal and the Shibarium Wiki, while the recent declaration by Shytoshi Kusama hints at exciting developments in the future.

Source link

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here