Key Points:
- Shibarium’s successful launch with 65k wallets & 350k transactions.
- Token variety: from quirky to unconventional.
- Kusama’s resilience against FUD, focusing on long-term growth.
Shytoshi Kusama, the leading figure behind Shiba Inu, has made an announcement today affirming the readiness of Shibarium, the layer-2 scaling solution devised for the Shiba Inu blockchain. Kusama stated that Shibarium is now fully operational and prepared for widespread use.
Through a blog post, Kusama revealed that the layer-2 solution had already garnered an impressive user base of over 65,000 wallets, successfully facilitating around 350,000 transactions up to this point.
The platform has also showcased its versatility, hosting a diverse range of tokens that span from the whimsical and unconventional to those that might be considered controversial.
Kusama extended gratitude towards various contributors, particularly highlighting the efforts of the Polygon team, in reaching this milestone. He emphasized that the decision to pivot towards forking Polygon was indeed the correct course of action.
This announcement follows a previous update by Kusama that focused on continuous refinements being made to enhance Shibarium’s performance.
Further details were provided concerning the withdrawal process for different tokens within the Shibarium network. Notably, withdrawals are subjected to varying timeframes, with most tokens necessitating 45 minutes to 3 hours to clear. However, for the BONE token, the withdrawal period extends to 7 days.
Earlier reports from U.Today have detailed the challenges faced during the launch of Shibarium. Technical issues, including the temporary unavailability of the mainnet RPC and complications with the cross-chain bridge resulting in the locking of a significant amount of Ethereum, caused disruptions and a subsequent dip in the value of Shiba Inu.
The journey of the Shiba Inu community has been marked by volatility, with recent instances of “FUD attacks” aimed at undermining investor confidence.
Kusama has been outspoken in addressing the “fear, uncertainty, and doubt” surrounding the Shiba Inu project. He consistently urges the community to maintain a focus on long-term goals rather than being swayed by short-term fluctuations in the market.
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