📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Shiba Inu Lead Shytoshi Kusama Urges Development Team to Rest Ahead of Big Week for Shibarium

Published 2023-08-20, 05:36 a/m
© Reuters.  Shiba Inu Lead Shytoshi Kusama Urges Development Team to Rest Ahead of Big Week for Shibarium

U.Today - As anticipation builds around Shiba Inu's blockchain layer, , the lead behind the project, Shytoshi Kusama, provided for the community on the current scaling efforts. In a recent post, Kusama shared that the team dedicated its focus to ensuring some necessary security measures and initiated in-depth testing on the blockchain.

The project's lead says that Shibarium is currently operational in a private mode, producing blocks normally. The team plans to continue testing and scaling in readiness to partner with established associates come Monday. Before reopening the blockchain to the public, has emphasized the importance of rest for the development team to ensure peak performance.

Kusama's update followed a previous announcement that highlighted the team's significant progress on the second day of scaling Shibarium.

They had restarted the blockchain for temporary internal testing and have since been working on scaling efforts in multiple ways. Collaborations with the Alchemy team enabled them to scale operations for Shibarium by a staggering 1,500%. Additionally, the team worked with decentralized parties and validators to amplify the server infrastructure by the same percentage, ensuring they are prepared for increased traffic in the future.

As , the mainnet launch of Shiba Inu's much-anticipated Layer-2 solution faced unforeseen technical issues shortly after its launch due to an overwhelming spike in user activities. Kusama highlighted the immense traffic, revealing that within just 30 minutes of Shibarium's launch, over 160 million compute units were recorded on their enterprise plan with Alchemy. In light of these challenges, Kusama has been quick to address concerns and assure the community that funds are safe and that measures are being taken to manage the volume effectively.

However, as with any significant innovation, rumors and misinformation can spread quickly. Shiba Inu's market value witnessed a dip as Shibarium confronted technical glitches, compounded by allegedly false screenshots on social media suggesting the launch had failed. Kusama has implored the community to remain patient, urging members to be wary of unfounded rumors.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.