Shiba Inu Jumps 4% As Lead Dev Answers ‘When Shibarium’
February 20 2023 - 5:00AM
NEWSBTC
Shiba Inu’s lead developer, Shytoshi Kusama, published a new blog
post today in which he revealed that the beta version of Shibarium
will be released after the publication of another blog post about
the development of the layer-2 network. Thus, Kusama still doesn’t
give a specific date, but he does provide further insight into the
beta’s schedule and pending obstacles. The new blog post by the
chief developer of Shiba Inu is part of a series of Medium posts in
which he introduces Shibarium. In the second part published today,
titled “Shibarium Blog: 2022 The Year of Learning,” Kusama writes
about the obstacles over the past year. Let's start the week off
right. NEW SHIBARIUM BLOG. 2022: The Year of Learning recaps the
year and looks forward towards #Shibarium. Read it so you're all
caught up. https://t.co/9pueKAAVHt — Shytoshi™ (@ShytoshiKusama)
February 20, 2023 An Obstacle-Filled Path To Shibarium Kusama
emphasizes how hard he worked to make the project a reality,
despite facing opposition from various parties. The lead dev
struggled with family setbacks and even death threats.
Nevertheless, he reaffirmed his determination to continue and
ensured that the project will not be hindered by such opposition.
And one of the Shiba Inu developer’s biggest goals was how to make
Shibarium more than just another bonus points app provider involved
in real life (IRL) projects. Kusama had a lot of help with this
from external company Welly to answer various questions around this
challenge for Shibarium. Related Reading: Shiba Inu Whale Scoops 50
Billion SHIB In Single Day After Earlier Ditching Bigger Amount
“What are the most important aspects when working with Shibarium as
it pertains to security, supply, and blockchain? Is it the cost?
The speed? The name?”, Kusama stated. He continued to reveal that
with the information he gathered through research, he was able to
put a new focus on IRL for Shibarium. Shiba Inu’s chief developer
also praised the Metaverse team as “the best in the world” and then
addressed the question that plagues all community members, “But Wen
Shy?”. He revealed that he plans to publish another post that will
address the behind-the-scenes work he has undertaken to ensure that
Shibarium meets the standards required for public use. Related
Reading: Shiba Inu Rallies 24% in 7 Days On Whale Activity, What’s
Next? This upcoming post will cover several topics, including
community protection measures, technical details, and other
relevant information. After that, the Shibarium team will proceed
with the release of the beta version. Remarkably, Kusama assured
that this will be soon: Next, I’ll go into detail about what I’ve
done behind the scenes to prepare the blockchain for public
consumption and to keep us all safe, technical aspects, why intake
and much more. Then, we will release the intake form and Shibarium
Beta. Shiba Inu Price Today Initially, the Shiba Inu price reacted
with a 4% jump to the publication of the blog post. However,
Kusama’s statements still seem too vague to support a sizable
rally. Accordingly, the strength of SHIB bulls quickly leveled off.
At press time, SHIB was trading at $0.00001358. To the upside,
resistance at $0.00001397 remains crucial to confirm a sustained
uptrend. On the downside, investors should keep an eye on the
support at $0.00001222. Featured image from VOI, Chart from
TradingView.com
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