Shiba Inu (SHIB) lead developer, Shytoshi Kusama, has officially announced that Shibarium, the backbone infrastructure of Blockchain, will be going public again. This news comes after a period of rigorous testing and parameter tuning after the blockchain temporarily entered safe mode due to heavy traffic. Shibarium’s technical team has taken significant measures to prevent potential block generation and other operational issues, scaling the chain’s capacity by a staggering 1500 percent.
New announcement made for SHIB
Shytoshi Kusama introduced the enhanced and optimized version of Shibarium in a new blog post on August 22. After two days of rigorous testing and parameter tuning, Blockchain is now operational again, generating blocks and ready for a public relaunch. The team behind Shibarium has added a few new features to improve its reliability, including an upgraded monitoring system and an additional failsafe mechanism. This mechanism includes Remote Procedure Call (RPC) level rate limit enforcement and automatic server reset functionality.
Addressing the Shiba Inu community, Kusama took the opportunity to dispel some of the negative emotions circulating in the community known as FUD (Fear, Uncertainty, and Doubt). He warned individuals not to get caught up in FUD, which could lead them to sell their holdings. Kusama reiterated its commitment to the principles of decentralization of the Shiba Inu ecosystem. In particular, Kusama touched upon two FUD issues that are gaining attention, namely doubts about the viability of Shibarium and his alleged lack of focus on decentralization. Kusama replied, “Fud said,” referring to skepticism regarding the Shibarium’s existence. He also emphasized his commitment to decentralization and presented what he claims is “the most comprehensive document on decentralization the world has ever seen.”
Shiba Inu ecosystem tokens drop slightly
Shibarium’s growth isn’t just limited to technical improvements. Blockchain is experiencing a phase of expansion and development that is emblematic of a thriving ecosystem. Security, stability and decentralization are key pillars that are strengthened by the implementation of new capabilities. Adding validators to the network increases security and facilitates further staking of the BONE token. In addition, the Shiba Inu team is implementing ShibPaper, a comprehensive governance and management system. This initiative will pave the way for various projects and decentralized applications (dApps) to be built on the Shibarium chain, increasing the utility of the platform and increasing token burns.
In the market performance area, SHIB, BONE, and LEASH tokens have experienced slight decreases over the past 24 hours. The price of SHIB is down 5% and the current trading price stands at $0.0000079. In addition, BONE and LEASH tokens also experienced drops of over 3% and 4%, respectively, over the same time frame. With Shibarium set to go public soon, Shytoshi Kusama’s assurance of decentralization and strengthening of technical capabilities point to a promising trajectory for the Shiba Inu ecosystem. With the foundation laid for enhanced security, stability and governance, the Shiba community eagerly awaits the next phase of growth and innovation in the Shibarium Blockchain.
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