Summary:
The lead developer of Shiba Inu (SHIB), Shytoshi Kusama, has confirmed that the project’s new layer-2 scaling solution, Shibarium, is functioning well despite a surge in users. However, the project did experience technical difficulties due to the high volume of transactions. Kusama assures users that the team is working to address these issues and scale up to handle the influx of users. He also mentions the plan to integrate blockchain-based digital identities into all Shiba Inu projects. Currently, Shiba Inu is trading at $0.000009, reflecting a 10.6% dip in the last 24 hours.
Main Breakdowns:
– Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), is performing well after a surge in users.
– Technical difficulties arose due to the high volume of transactions.
– The team is working to scale up and handle the influx of users.
– Shiba Inu plans to integrate blockchain-based digital identities into its projects.
– SHIB is currently trading at $0.000009, with a 10.6% decrease in the last 24 hours.
Hot Take:
Despite the technical issues caused by the influx of users, the lead developer of Shiba Inu’s Shibarium is confident that the project is operating smoothly. This demonstrates the growing popularity and demand for layer-2 scaling solutions in the crypto space. The integration of blockchain-based digital identities also shows the project’s commitment to expanding its offerings and enhancing user experience. However, the recent dip in SHIB’s price suggests that market volatility remains a challenge for the token.
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