HomeNewsPolygon's Essential Role in Shiba Inu's Shibarium Relaunch

Polygon’s Essential Role in Shiba Inu’s Shibarium Relaunch

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  • Shiba Inu’s Lead Developer, Kaal Dhairya, lauds Polygon’s instrumental role in Shibarium’s relaunch.
  • Since its launch on August 16, Shibarium’s L2 blockchain has processed over 368,532 transactions.

A Salute to Polygon’s Interventions

In the world of blockchain, it’s not just about the technology, but also the alliances formed. Shiba Inu’s lead architect, Kaal Dhairya, took to social media recently to extend his appreciation towards Polygon Labs. The nod of gratitude was in response to their pivotal role in the scaling and reemergence of Shibarium, Shiba Inu’s blockchain project.

Deepening Bonds in the Crypto World

Dhairya’s message conveyed profound respect, calling out and thanking Jaynti Kanani, Sandeep Nailwal, and the key protocol designer of Polygon, Krishna Upadhyaya. The developer went on to emphasize that the Polygon team went above and beyond their call of duty during Shibarium’s technical hiccup. Such gestures, Dhairya believes, sow the seeds of an enduring alliance between Shiba Inu and Polygon.

The accolades didn’t stop there. Shytoshi Kusama, Shiba Inu’s chief developer, announced the public resurgence of Shibarium shortly after. For those unfamiliar with the backstory, Shibarium had faced a hiccup, attributed to an unexpected surge in user adoption post its mainnet debut. This unforeseen challenge required external expertise.

Kusama elaborated on the situation in a recent blog entry, shedding light on how a call to Nailwal led to Polygon’s swift commitment of resources to rectify the situation. He penned his acknowledgment, saying,

“Specifically Thank You To: Sandeep, JD, OxKrishna, and everyone at Polygon…”

Kusama further emphasized the prudence behind Shibarium’s decision to fork from Polygon, underscoring Polygon’s consistent support in enhancing Shibarium.

On a broader scale, the crypto community has much to look forward to. In the short time since its mainnet initiation on August 16, Shibarium has recorded some compelling statistics. With over 66,958 unique addresses engaging with its Layer 2 (L2) blockchain, the platform has facilitated a whopping 368,532 transactions.

Shibariumscan’s data further reinforces its growing traction, noting that the network executed 40,433 transactions in just the previous day. This ranged from smart contract interactions to digital token movements. A standout statistic: nearly 20 million BONE tokens have found their home, staked securely within the Shibarium ecosystem.

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Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: info@ethnews.com Phone: +49 160 92211628