According to Cointelegraph: The Shiba Inu team has announced that the Shibarium (L2) platform, an Ethereum layer-2 network, is nearing its public launch after running smoothly in private mode during a two-day test. In a recent blog post, the team stated that funds remain secure and users can expect a new experience when the platform becomes available to all. Bridged $BONE tokens have already been introduced for those who have benefited from the update.
The Shibarium community, known as Shibarmy, has been commenting on X (formerly known as Twitter) in response to the development. The team expressed satisfaction with the progress, stating that the network has reached a "ready" state after thorough testing and parameter adjustments. Although testing continues, the team revealed that blocks are consistently being generated without issues.
Recent updates include added safety measures and a monitoring system, such as rate limiting at the remote procedure call (RPC) level and an automatic server reset mechanism. These improvements aim to prevent potential problems arising from sudden traffic surges, ensuring users have a stable and reliable experience.
During its testing phase, the network attracted significant attention, with millions of wallets participating in over 22 million transactions over four months. However, the initial launch faced challenges as an unexpected surge in activity overloaded the network, causing a temporary halt in transactions for several hours and trapping millions of dollars on a bridge tool, resulting in a 10% decrease in SHIB pricing. Developers have since addressed the issues and stated that the servers were overwhelmed due to an unanticipated increase in transaction volume. The network's team now believes the reopening will be successful despite the initial challenges.
