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Shibarium Bridge In Beta Goes Live But There’s A Catch
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Shibarium Bridge Goes Live In Beta But There’s A Catch

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Shiba Inu

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Shiba Inu’s development team has announced a significant advancement in the SHIB ecosystem. With the introduction of the Shibarium Bridge, users will have a new way to interact with the ecosystem. However, as this technology is still in its beta phase, the team behind Shiba Inu (SHIB) is urging the community to exercise caution.

A team representative known as Lucie recently announced the Shibarium Bridge’s beta release. This addition to the Shibarium network was first introduced to the public in April and has since progressed from being partially functional to undergoing public testing.

Shibarium Bridge: New Level Of Interoperability?

Constructed on the foundation of Plasma Bridge technology, the Shibarium Bridge presents a noteworthy degree of cross-functionality between Shibarium and Ethereum. By employing a collection of proof-of-stake validators, this bridge paves the way for Shiba Inu users to execute transactions with a reduced need for intermediaries and a diminished risk profile.

Related Reading: Shibarium Reaches New Milestones As Anticipation Builds For Mainnet Launch

The bridge is also compatible with the ERC-20 token standard, the prevalent token format within the Ethereum network. Notably, the Shibarium Bridge is expected to serve as a solution for scaling, an indispensable facet for any blockchain network aiming to manage substantial transaction volumes without compromising speed or efficiency.

🔥 Shibarium Beta Bridge has gone live for public testing! 🎉

Be among the first to try out this revolutionary cross-chain solution.

Remember, always exercise caution and verify authenticity before connecting your wallet to any website.

PLEASE DO NOT USE YOUR REAL ASSETS!… pic.twitter.com/7yfhX8gQc6

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 26, 2023

While the beta release of Shibarium Bridge marks a significant milestone, it comes with a word of caution from the SHIB team. Lucie urged users not to use real tokens while the technology remains in its beta phase, including the currently running Shibarium beta Puppynet.

In addition to this, Lucie underscored the crucial necessity of validating the legitimacy of any site prior to tethering crypto wallets, as a protective measure against possible fraudulent activities. Maintaining security continues to be paramount for individuals within the realm of digital assets.

These advisories from the team function as a reminder to users to uphold their vigilance when exploring new advancements in technology

Shibarium Launch Inches Closer

In a recent blog post, Shiba Inu’s chief developer, Shytoshi Kusama, hinted at an exciting revelation. He announced that the Blockchain Futurist Conference and ETHToronto will serve as stages to unveil the much-anticipated layer-2 solution, Shibarium.

These events will not only showcase Shibarium but will also present the completed Worldpaper and offer insights into Treat. Additionally, they will highlight projects that bear the SHIB brand.

Related Reading

Shiba Inu Shibarium release date

Breaking: Shiba Inu Lead Dev Reveals Shibarium Release Date, SHIB Up 3%

1 year ago

The Lead Dev noted:

At this venue [Blockchain Futurist Conference], the finalized Worldpaper will be showcased, all Shib-branded projects will be unveiled, and Treat will be detailed publicly for the first time. Additionally, discussions and potential releases of the long-awaited L2 Shibarium are highly likely.

Meanwhile, Shiba Inu (SHIB) has been on an upward trend over the past 24 hours. The dog-themed meme coin has risen by nearly 1% and is currently trading for $0.00000788 at the time of writing. 

Shiba Inu (SHIB) price chart on TradingView
Shiba Inu (SHIB) price is moving sideways on the 4-hour chart. Source: SHIB/USDT on TradingView.com

The asset’s trading volume has however recorded a slight decline in the past week from $100 million seen last Thursday to $81.3 million in the past 24 hours.

 

Featured image from Shutterstock, Chart from TradingView

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Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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Reason to trust

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