Is Shibarium Going to be Public Soon?

Shiba Inu's Layer-2 Network Teases Upcoming Public Rollout

Shiba Inu team gears up for the much-awaited public launch of Shibarium. The team behind the Ethereum-based network assured users that the platform is running smoothly and is almost ready for its grand public debut.

Shibarium's journey hasn't been without its hurdles. Despite an impressive testing period involving millions of wallets and over 22 million transactions spanning four months, the initial launch encountered setbacks. A surge of activity overwhelmed the network, leading to a temporary halt in transactions and a 10% price drop of SHIB within a few hours.

Nevertheless, according to a recent blog post by the Shibarium team, user funds are secure, and they can look forward to an enhanced experience once the platform becomes accessible to all.

Shiba Inu's lead developer, Shytoshi Kusama, echoed the same sentiment in his recent blog post, in which he revealed plans to relaunch the network soon and introduce additional validators. This move is expected to offer users more options to stake their BONE tokens and share in the rewards.

However, the team didn’t announce an exact date of the launch of Shibarium.

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Recent Updates With Shibarium

While continuous testing is underway, the Shibarium team reports consistent block generation without any hiccups. Among the recent updates are crucial safety measures and an advanced monitoring system. These enhancements encompass the implementation of rate limitations at the remote procedure call (RPC) level, as well as an automatic server reset mechanism. Using these measures, users can reportedly expect smooth and reliable service regardless of sudden spikes in traffic.

In the aftermath of Shibarium's failed launch, SHIB value has fallen due to fears, uncertainty, and doubts (FUD) among investors. Since then, the memecoin has recovered and is currently trading at $0.000008141.