Shibarium, the Layer-2 chain of the Shiba Inu ecosystem, is reportedly on the brink of a significant transformation. Shytoshi Kusama, the lead developer of Shiba Inu, recently shared an update regarding Shibarium’s scaling strategy and its current status. The announcement centered on the team’s intent to scale Shibarium by 1500%, a move aimed at handling the surges in traffic after thorough internal assessments.
Shibarium’s Scaling Strategy
In a blog post released on August 19, Kusama outlined the team’s accomplishments in improving the Shibarium network. The need for this enhancement became apparent when the chain experienced a significant increase in user engagement shortly after its launch, causing a pause in block production. Kusama mentioned that the temporary stoppage was part of internal testing, and with that phase concluded, multiple scaling methods are being tested before making them public.
The Shiba Inu development team, in partnership with their associates, is plotting a 1500% expansion of Shibarium’s capacity to efficiently manage and regulate incoming traffic. They are also liaising with decentralized groups and validators to increase the server backbone by a similar percentage.
ShibArmy’s Role in Shibarium’s Development
Kusama expressed gratitude to the ShibArmy for their unwavering support amidst negativity and rumours. The ShibArmy’s backing has been instrumental as the developers continue their work to enhance Shibarium. The Layer-2 chain is currently offline temporarily to enable further synchronization and scaling.
Following the initial scaling adjustment, Shibarium needed a reset. This operation was supervised by another Shiba Inu developer, Kaal Dhairya, who reassured the community that they are closely monitoring the chain. As a precautionary step, a $2 million insurance cover has been procured to address potential issues.
Impact on Shiba Inu Ecosystem Tokens
The announcement of the scaling strategy had a positive impact on the prices of Shiba Inu ecosystem tokens, SHIB and LEASH. The SHIB token saw a 6% surge, moving from its 24-hour lowest point of $0.0000082 to $0.0000084, according to Coinmarketcap. In contrast, trading activity dipped by 37% over the last 24 hours, indicating some discomfort in the broader crypto world.
Conversely, LEASH’s value appreciated following the resumption of Shibarium’s block production process. It is currently priced at $442.06, marking a 3% increase within 24 hours, according to Coinmarketcap. Unfortunately, BONE did not share this uptrend, experiencing a 4% drop and now trades at $1.17.
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