Shibarium reaches 1 million blocks; What’s next for SHIB and BONE?
The Shibarium Network reached a new milestone of 1 million block s confirmed in this layer-2 block chain on October 6. Created by the ShibaSwap’s (BONE) developer, to scale the Ethereum network, Shibarium is supported by the Shiba Inu (SHIB) community in a growing decentralized finance ecosystem. After its launch, Shibarium faced a few issues related to Ethereum’s bridge and block production. According to its core developer, the issues happened after an unexpectedly high demand for the network, with massive traffic in a single block , that made the network go “into fail-safe mode”. Notably, the layer-2 was put back to work a few weeks later, now completing a meaningful milestone of 1 million blocks published and confirmed by the Shibarium Network, at an average of one block every 5 seconds. Latest blocks on Shibarium Network. Source: ShibariumScan On September 21, a total of 3 million transactions were made on Shibarium, confirmed in 745,837 block s. Back then, there were over ...