Shytoshi Kusama Shares Shibarium Update in New Blog Post, Here's Exciting Thing
The leader of Shiba Inu known in the community under the pseudonym Shytoshi Kusama has published another blog post about how the revival of the Layer-2 blockchain Shibarium is going.
The article speaks of positive news and reveals the "powerful frens" mentioned by the SHIB developer Kaal Dhairya in his recent blog post, where he explained the reasons for the Shibarium crash after the first launch.
— Shytoshi Kusama™ (@ShytoshiKusama) August 19, 2023
Here's what's happening to Shibarium scaling
Kusama published a new post to update the community on the efforts the SHIB team and other teams are undertaking to solve the scaling issues with Shibarium. Kusama said that the team has made significant progress. However, according to him, the recent restart of the Layer-2 solution was only "temporary testing" it. This stage is now over and the SHIB team are "scaling up in multiple ways, testing again, and making it public."
In a post published by Kaal Dhairya on Friday, he mentioned some "powerful frens," promising to name them next time with their permission. Apparently, Shytoshi Kusama has done it for Dhairya, stating that "the incredible Alchemy team" scaled operations for Shibarium by 1,500%.
Apparently, he was talking about the Web3 developer platform Alchemy. It helped to scale Shibarium operations together with validators. The Unification Fund team also took part in putting Shibarium back on for testing.
Yuri MolchanNew protocols to manage big traffic added
Besides, Kusama mentioned that the SHIB team now has an idea about what amount of traffic it can expect to get on Shibarium, and so they have employed the help of several DLT experts to make extra protocols that will help them support and handle all this potential traffic.
Early in the morning, the developers will start the next phase of restarting Shibarium. At the end of the post, Kusama also thanked the SHIB army, which has been fighting the FUD (a popular acronym for "fear, uncertainty, doubt" within the crypto community), while the devs have been busy working on scaling Shibarium.
SHIB price declines hard
In the meantime, since Tuesday, Aug. 15, when Shibarium was launched on mainnet and faced major issues, the price of the SHIB token has lost all its August gains, dropping a whopping 25.81% since then. By now, the meme coin has seen a bit of recovery, rising by 7.30% and trading at $0.00000844 on the Binance exchange.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin