Shytoshi Kusama’s Update on Shibarium Scaling and Traffic
Shiba Inu lead developer, Shytoshi Kusama, recently provided an update on the progress of scaling the Shibarium network and preparing it for massive traffic. Here are the key points:
- The Shiba Inu team has made significant progress in scaling efforts after experiencing high traffic on the chain.
- Internal testing has been completed, and the team is now moving forward with scaling up and making it public.
- Shibarium will be scaled by 1500% to support and manage traffic, with server infrastructure also being scaled by the same percentage.
- Shytoshi Kusama thanked the ShibArmy for their support and mentioned that developers are busy preventing issues while scaling Shibarium.
- Shibarium experienced a restart after the first scaling update by developer Kaal Dhairya, who mentioned insuring $2 million in case of any issues.
Rebound of Shiba Inu Ecosystem Tokens
Following the restart of Shibarium, the prices of SHIB and LEASH tokens have seen some positive movement:
- SHIB price increased by 6% from its 24-hour low, currently trading at $0.0000084.
- Trading volume for SHIB decreased by 37% in the past 24 hours.
- LEASH price increased by 3% after Shibarium restarted producing blocks, currently trading at $444.
- BONE price fell by 4% in the past 24 hours, currently trading at $1.17.
Hot Take
The Shiba Inu team’s efforts to scale Shibarium and manage traffic show their commitment to providing a reliable and efficient network. The rebound of SHIB and LEASH prices indicates continued interest and support from the crypto community. It will be interesting to see how the development of Shibarium progresses and its impact on the Shiba Inu ecosystem.
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