Shibarium Prepares for Public Launch: Enhanced Ethereum Layer-2 Network Promises Smooth Operation and Secure Transactions
Summary:
Shibarium, an Ethereum layer-2 network, is nearing its public launch, with the platform running smoothly after successful testing. The team behind Shibarium assures users that their funds are secure and promises an enhanced experience. The network faced initial challenges during the testing phase but has since addressed the issues and is confident in a successful reopening. Shibarium has garnered significant attention and is set to introduce bridged $BONE tokens.
Progress is being made in the field of blockchain technology as the public launch of Shibarium (L2) version approaches. The Shibarium team has announced that the platform is running smoothly and only needs to be made available to the public. In a recent blog post, the team behind the Ethereum layer-2 network stated that the platform is currently live and in private mode, having successfully undergone a two-day test. They assured users that their funds are safe and promised a fresh experience when the platform becomes accessible to all. Users who have already benefited from the update are celebrating the introduction of bridged $BONE tokens.
The Shibarium community, known as Shibarmy, is expressing their excitement about the development on X (formerly known as Twitter). The Shibarium team is pleased with the progress, declaring that the network is now in a "ready" state after thorough testing and adjustments. Despite ongoing testing, blocks are consistently being generated without any issues. Recent updates include the implementation of additional safety measures and a monitoring system. These enhancements involve rate limiting at the remote procedure call (RPC) level and an automatic server reset mechanism. The aim is to prevent potential problems caused by sudden traffic surges and ensure users have a stable and reliable experience.
During the testing phase, the network gained significant attention with millions of wallets engaged in over 22 million transactions spanning four months. However, the initial launch encountered challenges as the network became overloaded due to a surge in activity, leading to a temporary halt in transactions for several hours. This resulted in millions of dollars being trapped on a bridge tool and a 10% decrease in SHIB pricing. The developers have since addressed these issues and clarified that the servers were overwhelmed by an unforeseen surge in transaction volume. The team is now confident in the success of the reopening despite the initial challenges.
Published At
8/24/2023 11:54:23 AM
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