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

Shiba Inu (SHIB) Team Member Makes Interesting Shibarium Analogy

Published 2023-09-30, 05:03 p/m
© Reuters.  Shiba Inu (SHIB) Team Member Makes Interesting Shibarium Analogy
SHIB/USD
-

U.Today - In a new tweet, ecosystem official Lucie makes an interesting analogy about the Shiba Inu Layer 2 blockchain, Shibarium.

likens contemplating Shibarium's growth to marveling at the majestic life cycle of a tree. According to science, every tree begins as a seed. And every seed comes packed with all the nutrients it needs to survive and grow into a tree.

In her tweet, Lucie mentions how a tree's growth from a "tiny seed to a sprawling canopy exhibits remarkable resilience and progress."

Shibarium's foundation, like the roots of a tree, strengthens the entire ecosystem, according to the Inu team member.

Shiba Inu Layer 2, Shibarium, relaunched on Aug. 28 after it paused shortly following its Aug. 16 initial launch. The days before Shibarium's relaunch saw deep testing of the platform and the parameters were tweaked.

Shibarium had its operations scaled by a whopping 1,500% to prevent the reoccurrence of a pause that resulted from insane traffic.

Shibarium has set some interesting milestones since its first launch and subsequent relaunch. This is because measures like wallet addresses and total blocks keep growing, currently standing at 1,251,278 and 900,591, respectively.

The total number of transactions on the Shibarium network is now 3,238,688, marking yet another achievement for the Shiba Inu Layer 2 protocol.

According to all indications, the Shiba Inu development team is still hard at work to further Shibarium's development.

Such advancements may conceivably take the form of features that would make the Shibarium ecosystem more appealing to users and also advance the Shiba Inu ecosystem. Potential innovations include the Burn Portal and the Shibarium Wiki.

During the week, Shiba Inu's lead, Shytoshi Kusama, declared that it was time to end his silence. Lucie hinted that this could be the beginning of "exciting times" for the Shiba Inu ecosystem.

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.