- Elon Musk has received a cryptic invitation to the Shibarium mainnet unveiling, stirring excitement within the crypto community.
- Shibarium, Shiba Inu’s Layer-2 scaling protocol, is due for launch at the Blockchain Futurist Conference in August, promising enhanced Ethereum network scalability.
Shibarium Mainnet’s Anticipation Filled Countdown Eminent entrepreneur Elon Musk, well-known for his influence within the cryptocurrency ecosystem, appears to be on the guest list for the impending Blockchain Futurist Conference in Toronto, Canada. This conclusion draws from an intriguing tweet by Shiba Inu’s lead developer, Shytoshi Kusama, responding to an image of Musk donning a shirt stating, “I Love Canada.”
I ♥️ Canada pic.twitter.com/95321VIi8r
— Elon Musk (@elonmusk) July 31, 2023
Shibarium’s Rollout: A New Era for Shiba Inu
Earlier in the month, Kusama divulged that the Blockchain Futurist Conference would serve as the platform for the long-anticipated discussion and unveiling of Shibarium. This Layer-2 protocol, dubbed ‘Puppynet’ during its beta phase, presents an innovative solution to Ethereum’s scalability woes, a concern high on the crypto community’s agenda.
In keeping with the spirit of decentralization and fostering technological growth, a multi-month hackathon is also planned as part of the conference. Shibarium aims to empower developers to create Decentralized Applications (DApps), integrate into real-world businesses, and spur the momentum of various projects.
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In a testament to its potential, the beta version, Puppynet, recorded an impressive 25 million transactions, showcasing the immense demand within the community.
Soaring Ahead: Shibarium’s Milestones
In its beta phase, Shibarium recorded more than 1.45 million processed blocks and saw a surge in wallet addresses to a whopping 16.98 million. As per data from PuppyScan, Shibarium has now clocked over 33 million transactions, further expanding the number of wallets to over 17 million and processed blocks surpassing 1.9 million, with an average block time of 5.0 seconds.
With the impending official launch of Shibarium, an uptick in transaction rate and wallet addresses is highly anticipated.
In the interim, Musk’s sporadic endorsements of the dog-themed Shiba Inu coin are keeping the crypto community on its toes. Coupled with the buzz around the Shibarium mainnet launch, Shiba Inu appears to be set for a trajectory of growth, drawing more investors and fostering bullish price expectations.
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