Shibarium, the Layer-2 chain associated with the Shiba Inu cryptocurrency, is undergoing significant enhancements. Spearheaded by the visionary lead developer, Shytoshi Kusama, the chain’s infrastructural development promises a whopping 1500% scaling. The move comes in response to the overwhelming traffic the blockchain experienced shortly after its inception.
Shibarium was immediately inundated with a massive influx of digital interactions, highlighting the need for a comprehensive scaling strategy. A blog post by Kusama on August 19 highlighted the team’s unwavering dedication to this scaling endeavor. Kusama’s objective is to fortify Shibarium so that it could easily accommodate and process the anticipated increase in transaction volume. In addition to the chain, the server infrastructure is slated for a 1,500% increase, representing an all-encompassing development strategy for the entire ecosystem.
A recent blockchain restart might have been evident for those tracking the chain’s progress. Kusama elucidated this event as a crucial part of the team’s internal evaluation procedures. This meticulous assessment embodies the team’s zeal to present an impeccable, high-performance Layer-2 chain primed to manage an extraordinary volume of transactions.
Shiba Inu shared a tweet post providing an update on Shibarium’s impressive scaling initiatives:
#SHIBARMY our team is working tirelessly to scale Shibarium. Dive into the latest blog post update about our efforts here: https://t.co/CmIt9upxMC
— Shib (@Shibtoken) August 19, 2023
After the announcements, Shibarium momentarily went offline. This pause allowed developers to fine-tune the network, aiming to enhance its agility and robustness for its reactivation. Even with the temporary lull in technical updates, the Shiba Inu ecosystem tokens, SHIB and LEASH, witnessed a notable price rise.
Kusama’s gratitude towards the ShibArmy stands out. As developers grapple with challenges, ensuring that Shibarium emerges as a force to reckon with, the community’s role is undeniable. Their unwavering faith and resilience against FUD (Fear, Uncertainty, Doubt) support the entire scaling endeavor.
At the time of writing, Shiba Inu’s price is at $0.000008492, with a 24-hour gain of 1.16%. SHIB token is recovering after a sharp dip in the last few days. The bullish momentum is likely to continue in the short term, with trading volume indicating a steady increase. A break of the psychological level of $0.000010 could lead to further gains in the medium term. The current CoinMarketCap ranking of the cryptocurrency is 14, with a live market cap of $5,014,840,321.
In conclusion, the Shibarium network’s extensive scaling is a testament to the Shiba Inu development team’s forward-thinking approach. With a 1500% infrastructural expansion underway, the ecosystem is poised to accommodate massive transactions, further solidifying its place in the crypto realm.
