As per Shiba Inu’s latest blog, the developers have made several efforts to increase scalability by a huge margin.
SHIB’s daily chart was red and market indicators remained bearish.much-awaited Shibarium, it remained a hot topic of discussion in the crypto community. Not only because of the value it adds to the blockchain but also for multiple speculations and rumors.The Shiba Inu team has been working to keep Layer 2 operational, although they have faced some challenges. The most prominent one was a massive uptick in network activity right after Shibarium’s launch.
As per the latest blog, Shiba Inu restarted the blockchain in order to scale up in multiple ways, testing it again and making it public. Theteam has worked with the decentralized team and validators to scale the server infrastructure by 1500% as well as the top-notch metal infrastructure. On top of that, the team has also worked with several blockchain experts to create additional protocols to support and manage traffic.revealed that the team was focused on ensuring perfect security measures were in place and began deep testing on the blockchain. Shibarium is currently live producing blocks as normal, but in private mode.While Shibarium developers buckled up to ensure scalability, SHIB investors continued to bear losses.
This was evident from LunarCarush’s data, which revealed that Shiba Inu’s bullish sentiment dropped by 40% in the last 24 hours. Moreover, the memecoin’s Altrank also increased by 523, which is a typical bearish signal.
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