Shibarium Protocol's Leap Forward: Top Developer's New Updates Await

As the Shibarium protocol successfully resumes operations following a community-driven resurgence, one of its core team members, Kaal Dhairya, has unveiled a series of noteworthy updates.

In an official blog post, he disclosed a pivotal development: the introduction of the hosted version of the Blockscout explorer on Shibariumscan. This enhancement aims to optimise user experience and bolster the protocol's overall performance.

https://t.co/vQhiD4j2OY
— Shytoshi Kusama™ (@ShytoshiKusama) September 3, 2023
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The Blockscout team is overseeing the explorer's functionality, ensuring that the blockchain remains comprehensively indexed. Despite already boasting the lowest gas fees among active Layer 2 solutions, the Shibarium team remains committed to maintaining this competitive edge.

Kaal also highlighted a significant milestone, with Shibarium surpassing one million live wallets on-chain, setting their sights on achieving a corresponding milestone in total transactions. Looking ahead, the project is actively engaged in discussions with bridge builders to expand its ecosystem, signaling a future of increased interoperability.

In a move that reflects the project's forward-thinking approach, the Shibarium team is preparing to revoke the BONE contract address, despite its robust performance in the ecosystem. Kaal assured the community that comprehensive updates regarding this revocation will be provided in the coming weeks, allowing stakeholders to prepare effectively for this pivotal transition.

How Shibarium Rose from the Ashes?

The initial launch of the protocol was eagerly anticipated, generating considerable excitement and heightened expectations. However, the reality fell short of these expectations when the protocol experienced congestion on its inaugural day, causing operational hiccups.

In a demonstration of commitment to the project's development, the Shibarium team, led by Shytoshi Kusama, took proactive measures. Recognising the need for scalability, they temporarily suspended on-chain transactions and sought assistance from other prominent protocols, including the Polygon team. This collaborative effort aimed to enhance Shibarium's capacity to handle the overwhelming traffic it had attracted.

Today, the fact that Shibarium is seamlessly generating blocks without encountering the earlier strains serves as a testament to its resilience and determination. The protocol's newfound ability to compete with established Layer 2 solutions underscores its ambition and potential for the future.