Pseudonymous memecoin developer Shytoshi Kusama confirms the readiness of Shiba Inu’s scaling solution, Shibarium, in a recent blog post.
– Shibarium, Shiba Inu’s scaling solution, is now live and operating well after experiencing technical issues caused by a massive influx of users.
– The technical issues resulted in millions of dollars worth of crypto assets getting stuck on the Ethereum bridge.
– Users can now withdraw SHIB, WETH, LEASH, and BONE tokens from the ecosystem, with varying withdrawal times ranging from 45 minutes to 7 days.
– The layer-2 network has seen significant growth with over 65,000 wallets and 350,000 transactions since the launch of Shibarium.
– The team has implemented a new monitoring system and fail-safes to prevent future technical issues.
Hot Take
Shiba Inu’s developer, Shytoshi Kusama, assures crypto readers that Shibarium is now live and ready for use, addressing past technical issues and providing withdrawal options for various tokens. With a growing user base and transaction volume, Shibarium has the potential to become a significant player in the crypto space. However, it remains to be seen which tokens will emerge as the leaders within the ecosystem. The team’s implementation of a monitoring system and additional fail-safes shows their commitment to ensuring a smooth user experience in the future.
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