Shytosi Kusama Announces the Live Launch of Shibarium
Shytosi Kusama, the lead developer at Shiba Inu, has announced that Shibarium, an L2 scaling solution from the Shiba Inu blockchain, is now live and functioning well. This comes after a series of trials and fine-tuning, marking an important milestone for the project.
Key Points:
- Before the official announcement, Shibarium already had over 65k wallets and processed 350 transactions.
- This L2 solution has provided various platforms for fun, unusual, and sometimes controversial tokens.
- Kusama praised the decision to fork Polygon and bring the Shibarium project to fruition.
- The withdrawal process for certain tokens can take different durations, ranging from 45 minutes to 7 days.
- Despite technical difficulties and FUD attacks, Kusama encouraged the community to focus on long-term goals.
Hot Take: Despite the positive news of Shibarium’s launch, Shiba Inu’s native token, SHIB, has experienced a decline in value. It’s important for the community to remain focused on the bigger picture and not be swayed by short-term market fluctuations.
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