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HomeCryptocurrencyShiba Inu Lead Developer Officially Announces Shibarium Relaunch For Public Use

Shiba Inu Lead Developer Officially Announces Shibarium Relaunch For Public Use

Shibarium, the Shiba Inu layer 2 scaling solution, has now been officially relaunched for public use after days of operating in private mode, according to the Shiba Inu lead developer, Shytoshi Kusama.

According to Kusama in a blog post published today August 28, Shibarium now has more than 65,000 wallets and 350,000 transactions. Records on Shibariumscan.io, the Shibarium explorer, indicate that the network restarted block production on the 24th of August.

Kusama acknowledged and appreciated the efforts of Polygon, Unification, and various blockchain developers in getting the network back on track. In his actual words, Shibarium is now live and operating as expected.

Kusama noted:

“Specifically Thank You To: Sandeep, JD, OxKrishna, and everyone at Polygon, Paul from Unification, Navdeep, Vijay, Vishwajeet, Robil, Ayush, Prashant, Vikas, Aarav, and the decentralized Shibarium team. A final thank you to everyone who fought the fud and ignored the misinformation posted on multiple news sites recklessly.”

On the funds and bridge, the lead Shiba Inu developer said the funds are safe and the bridge is working perfectly. He said that based on design, SHIB, LEASH, and WETH withdrawals through the bridge take at least 2 Checkpoints approximately 45 Minutes to 3 hours, while BONE withdrawals take up to seven days.

The developer urged Shiba Inu community members to watch out for more updates about Shibarium. He also warned users to be careful of any token building on Shibarium, stating that they should do their own research before buying into them.

Kusama concluded by sharing details that included the bridge address, RPC, and Chain ID of Shibarium.

Recall that the initial launch of the scaling solution network faced disruption in block production due to congestion as earlier revealed by Kusama. This resulted in the trap of a whopping amount of crypto assets.

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In response to the network glitch, Shytoshi Kusama announced a plan to scale Shibarium by 1500% to improve security, stability, and decentralization.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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