Blockchain technology continues its forward march with the imminent public unveiling of Shibarium’s eagerly awaited layer-2 version.
The Shiba Inu team has eagerly announced that the platform is in seamless operation and merely awaits its public debut.
Behind Shibarium, an Ethereum layer-2 network, stands a team that has signaled the platform’s current live status in its private mode.
Following a two-day test that demonstrated its smooth functionality, the platform teeters on the edge of accessibility to the wider public.
In a recent blog post, the Shibarium team assured users that their funds remain secure, and an enhanced experience awaits once the platform opens its doors to all.
The early beneficiaries of this update are already celebrating as bridged BONE tokens make their entry.
Responding to this development, the Shibarium community, affectionately known as the Shib Army, has been expressing their excitement on X (previously known as Twitter).
The team proudly expressed its contentment with the progress achieved, asserting that the network has reached a “ready” state after meticulous testing and parameter adjustments.
Notably, block generation remains consistently glitch-free.
Recent updates to the platform encompass significant safety augmentations and a robust monitoring system.
These enhancements encompass the introduction of rate limitations at the remote procedure call (RPC) level and an automatic server reset mechanism.
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These proactive measures aim to preclude potential issues stemming from abrupt traffic spikes, ensuring users a reliable and uninterrupted experience.
During its testing phase, the network garnered substantial attention, with millions of wallets engaging in over 22 million transactions spanning a four-month period.
However, the initial launch wasn’t devoid of challenges.
An overwhelming surge in activity temporarily overwhelmed the network, causing a halt in transactions for several hours.
This occurrence led to millions of dollars becoming stuck on a bridge tool and subsequently triggered a 10% decline in the value of Shiba Inu.
Subsequently, the development team swiftly addressed these challenges, attributing the server overload to an unforeseen spike in transaction volume.
With the lessons learned, the team is now confident in the success of the forthcoming reopening, undeterred by the initial stumbling blocks.
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