Shibarium, a Layer 2 blockchain network, hits 1 million wallets, expands its token bridge, introduces a Blockscout explorer, and outlines future plans for network improvement and innovation.
Key Points
- Shibarium reaches 1 million wallets, establishing itself as a prominent Layer 2 blockchain solution.
- Shibarium introduces a hosted Blockscout explorer to support network upgrades and transparency.
- The token bridge expands to include additional tokens, enhancing interoperability.
- Future plans include contract renouncement, more validators, and fostering innovation in the Shibarium community.
Shibarium, a Layer 2 blockchain network, has achieved a significant milestone by reaching 1 million wallets.
The news was shared by Kaal Dhairya, a developer associated with Shiba Inu, on September 3, 2023. This achievement solidifies Shibarium’s position as one of the fastest and most cost-effective Layer 2 solutions in the crypto space.
Despite some users expressing dissatisfaction with the low gas fees, the network considers this as a strength.
#SHIBARIUM is making progress! The hosted version of Blockscout explorer is now available, WBONE contract is verified, and more tokens have been mapped to the bridge. The $SHIB team is also working to renounce the Bone contract and add more validators to the network.…
— Shiba Inu Warrior | Summer of Shibarium | $DOGPAD (@ShibaInuWarri0r) September 3, 2023
Blockscout Explorer Now Available
Shibarium has introduced a hosted version of the Blockscout explorer, which can be accessed through Shibariumscan.
This move allows the protocol team to focus on network upgrades while ensuring the explorer remains operational and the blockchain is fully indexed.
To promote transparency and encourage users to verify contracts, Shibarium advises them to “Do Your Own Research” (DYOR) and utilize the Blockscout contract verification system.
Token Bridge Expansion
Shibarium has expanded its token bridge to accommodate a range of additional tokens.
The newly supported tokens include Tether (USDT), USD Coin (USDC), DAI, Wrapped Bitcoin (WBTC), and XFUND. This expansion enhances the interoperability and versatility of Shibarium’s ecosystem.
Shibarium has recently verified the Wrapped BONE (WBONE) contract, making it open for public scrutiny. Users can verify the contract address at 0xC76F4c819D820369Fb2d7C1531aB3Bb18e6fE8d8.
This verification ensures transparency and gives users confidence in interacting with the WBONE token.
Future Plans
In the coming week, Shibarium plans to renounce the Bone contract and aims to add more validators to the network.
The platform is actively encouraging developers to build innovative projects on top of Shibarium’s infrastructure.
By fostering innovation and empowering its community, Shibarium aims to become a driving force in the blockchain space.
Concluding Thoughts
Shibarium’s achievement of reaching 1 million wallets and approaching 1 million transactions solidifies its position as a growing force in the Layer 2 blockchain industry.
With the introduction of the Blockscout explorer and the expansion of its token bridge, Shibarium is not only scaling its network but also providing tools for transparency and interoperability.
As it moves forward, Shibarium seeks to support the development of groundbreaking projects and enable its community to lead self-sovereign lives.
