Main navigation

Shibarium Beta PUPPYNET Smashes New Milestones Less Than Week Within Release

Fri, 03/17/2023 - 15:45
article image
Tomiwabold Olajide
PUPPYNET set new milestones just days after launch
Shibarium Beta PUPPYNET Smashes New Milestones Less Than Week Within Release
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shibarium beta PUPPYNET, has set new milestones just days after launch. As reported, the early beta test of the Shibarium network, called "PUPPYNET," launched on March 11.

According to data provided by the puppyscan website, Shibarium Puppynet successfully finalized 3,494 total transactions, with total blocks of 411,421. Every second, more total blocks are added; therefore, the data is always updated.

Wallet addresses totaled 2,560, while the average block time was five seconds. According to a graphic, the number of transactions picked up a speedy pace from March 14 and sustained the growth until the time of writing, despite the recent drama concerning Shibarium's codebase.

On March 16, FUD broke out in the Shiba Inu community after a Discord channel member pointed out that the Shibarium chain shared the same Chain ID as the Rinia Testnet chain, 917.

Shiba Inu (SHIB) Down 8%, BONE Dips 18% as New Drama Ensues in Community

The concerns were addressed by Shiba Inu developer Kaal Dhairya, who stated that the chain ID was not registered at the time it was picked, and he made the "mistake" of not rechecking when Puppynet was launched.

Kaal highlighted the steps he would take afterward: "Without getting into any fist fights, I will be redeploying the new version of the beta network with a new chain ID. Fresh deployments will be rare in the future but are possible because we will still be in the beta phase."

According to screenshots of Telegram messages from Shiba Inu lead developer Shytoshi Kusama, the documentation for Shibarium should come next week.

Notably, Shiba Inu's burning sentiment improved tremendously after the Shibarium beta launch. In a blog post, the Shiba Inu team stated that SHIB burns would depend on transactions on the network. Thus, as Shibarium grows and transactions increase, it is anticipated that SHIB burning might also accelerate.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.