Shiba Inu Lead Developer Shytoshi Kusama Reopening Shibarium

Shiba Inu Lead Developer Shytoshi Kusama Reopening Shibarium

Shiba Inu’s lead developer Shytoshi Kusama on Tuesday announces that Shibarium is almost ready to reopen to the public. Shibarium went into the fail-safe mode for testing and tweaking parameters after getting massive traffic on the blockchain. The Shibarium team is scaling the chain by 1500% to prevent any block production or other issues.

Shibarium Ready to Reopen to the Public

According to an official blog on August 22, Shiba Inu lead developer Shytoshi Kusama announces that Shibarium is now enhanced and optimized after two days of testing and tweaking parameters. Moreover, the chain is producing blocks again and is “almost ready to reopen to the public.”

Shibarium has a new monitoring system and additional fail-safe mechanism including rate limiting at the RPC level and auto server reset.

Shytoshi Kusama warns the ShibArmy about FUD, making people sell their bags. He asserts the Shiba Inu ecosystem is dedicated to decentralization.

“One piece of fud is that Shibarium was never going to come. Kek. Fud ded. Another was that I am not focused on decentralization. This fud is now also laughable as I’ve presented what is, arguably, the most comprehensive decentralization document the world has ever seen.”

Also Read: Terra Luna Classic Proposal To Directly Burn 800 Mln USTC Officially Passed, LUNC Jumps

Shiba Inu Ecosystem Is Thriving

Shibarium is scaling with new capabilities to improve security, stability, and decentralization. Additional validators are going live on the network, which increases security and enables more BONE token staking.

In addition, the Shiba Inu team will start implementing the ShibPaper to have a fully working system for governance and management. Projects and dApps will build on the Shibarium chain, increasing utility and token burns.

SHIB price fell 5% in the past 24 hours, with the price currently trading at $0.0000079. Meanwhile, BONE and LEASH dropped more than 3% and 4% in the last 24 hours.

Also Read: Shiba Inu Portends Another 10% Drop As Shibarium Botched Launch Bites

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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