Shibarium Open To The Public
The Shibarium network is now live and operating well after temporarily shutting down due to high traffic upon launch. The network’s capacity has been modified to handle substantial transactions. The number of wallets on the network has increased to over 67,000, with more than 371,000 transactions conducted. Concerns over the Shibarium bridge were addressed, with $1.7 million in funds confirmed as safe. An insurance cover was also acquired for any potential issues during the network restart.
“FriendSHIB” With Polygon
Shibarium’s lead developer, Shytoshi Kusama, expressed appreciation to the Polygon team for their assistance in kickstarting Shibarium. Polygon’s co-founder, Sandeep Nailwal, provided additional resources to ensure a perfect outcome. Shibarium is a fork of the Polygon chain, making it logical for the teams to collaborate. Kusama also thanked the Unification team and the decentralized Shibarium team for their efforts, while acknowledging those who ignored misinformation spread on news sites.
Hot Take
The reopening of Shibarium to the public is a significant milestone for the SHIB community. With its increased capacity and improved infrastructure, the network is well-equipped to handle the demands of its growing user base. The collaboration with Polygon and the support from other teams demonstrates the strength of the crypto community in working together to overcome challenges. Shibarium’s future looks promising as it continues to evolve and provide a secure platform for its users.
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