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Shiba Inu lead developer Shitoshi Kusama has released the final update to Shibarium's scalability solution; which indicates the restart of this layer 2 network for the public.
With over 65,000 wallets and 350,000 transactions reported since its launch on August 24th, Shibarium has grown significantly. Kusama thanked Paligan, Unification, and other developers for their support during the Shibarium mainnet outage, stating that Shibarium is now up and running well.
Kusama also provided updates to the safety of the Shibarium Bridge's funding and functionality. He assured the community that the funds were secure and that the bridge was functioning properly. A Sheba, LEASH and Rapid Ethereum withdrawal through the bridge is expected to take 45 minutes to 3 hours, with a minimum of 2 checkpoints. However, BONE may take up to 7 days to harvest.
He went on to warn the community to exercise caution when investing in cryptocurrencies built on Shibarium, stressing the importance of due diligence. Kusama also shared technical details including the bridge address, RPC (node running the blockchain client key software), and chain ID for Shibarium.
Shitoshi Kusama had already outlined plans to improve Shibarium's performance by 1,500% to increase security, stability and decentralization. The updated Shibarium includes a new monitoring system and additional fail-safe processes, such as RPC-level rate limiting and automatic server reset.
While the initial public launch of Shibarium on August 24th led to a 15% increase in the price of Shiba Ino ecosystem cryptocurrencies such as BONE and LEASH, the price of Shiba is now under pressure following the relaunch of the network and has fallen by 2% in the past 24 hours. Is; And it is trading in the range of $0.0000079. The price of BONE is around $1.33, which has decreased by 3% in the last 24 hours.
Despite price volatility, and with significant token movement from exchanges in recent times, there has been a significant increase in the number of Shiba and BONE holders. This shows continued interest and activity in the Shiba Inu ecosystem