Shytoshi Kusama, the Shiba Inu lead developer, recently unveiled a crucial update about Shibarium’s status and scaling strategy. Kusama highlighted the team’s focus on enhancing the Layer-2 chain to handle traffic surges after internal assessments.
This update saw a positive effect on the prices of Shiba Inu ecosystem tokens, SHIB and LEASH.
Shibarium Set For A 1500% Scaling: Shytoshi Kusama
In an official blog released on August 19, Shytoshi Kusama conveyed the team’s achievements in elevating the Shibarium network. This initiative became essential after the chain observed substantial user engagement moment after launch, which resulted in a halt in block production.
Kusama stated, “Some of you may have noticed that we restarted the blockchain again today and it worked well. However, this was only temporary internal testing. Now, with that stage complete, we are scaling up in multiple ways, testing again, and making it public.”
The development unit of Shiba Inu, in collaboration with their partners, is planning a 1500% capacity expansion of Shibarium to efficiently handle and control the incoming traffic. Furthermore, they’re coordinating with decentralized groups and validators to enlarge the server backbone by a similar percentage.
Kusama also took a moment to acknowledge the dedication of the ShibArmy, who stood resilient against negativity and rumors. Their support has been crucial as the developers work diligently on enhancing Shibarium. Currently, the L2 chain is temporarily offline to facilitate further synchronization and scaling.
After the initial scaling tweak, Shibarium had to be reset. This procedure was overseen by another Shiba Inu developer, Kaal Dhairya, who reassured the community by stating they’re closely watching the chain. As a safety measure, a $2 million insurance cover has been taken to address potential issues.
He tweeted, “In all the FUD the most important announcement was completely ignored, something so important which will lay the foundation for our decentralized digital nation.”
Shiba Inu Ecosystem Tokens Saw A Positive Turn
The SHIB token observed a 6% surge, moving from its 24-hour lowest point of $0.0000082 to $0.0000084, according to Coinmarketcap. In fact, trading activity has slumped by 37% over the last 24 hours, hinting at some unease in the wider crypto sphere.
On the other hand, LEASH’s value went up after Shibarium began its block production process again. It’s currently priced at $442.06, according to Coinmarketcap, marking a 3% elevation within 24 hours. Unfortunately, BONE didn’t share this uptrend, experiencing a 4% drop and now trades at $1.17.
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