Shibarium sees brief outage amid Shiba Inu’s Layer-3 blockchain ambitions

Shibarium sees brief outage amid Shiba Inu’s Layer-3 blockchain ambitions
фото показано с : cryptoslate.com

2024-4-23 23:30

Shiba Inu secured $12 million in a funding round through a private token sale of its upcoming TREAT token to bolster the development of an unnamed privacy-focused Layer-3 (L3) blockchain network.

According to an April 22 post on X (formerly Twitter) by Lucie, the marketing lead at Shib.io, investors that participated in the funding round included Polygon Ventures, Mechanism Capital, Big Brain VC, Shima Capital, Animoca Brands, and DWF Ventures.

Lucie said:

“The layer-3 will introduce enhanced privacy features that are not available on the layer-2 network. This can provide users with more privacy options and security measures when interacting with the ecosystem.”

This move reflects Shiba Inu’s continued strategic shift towards becoming a versatile utility blockchain network. Notably, the memecoin began this pivot last year with the successful rollout of Shibarium, the ecosystem’s Ethereum Layer-2 (L2) scaling solution.

Layer-3 network

Developers plan to leverage Zama’s cutting-edge, fully homomorphic encryption (FHE) technology and build the L3 network on top of Shibarium

Shiba Inu described the FHE technology as akin to a “magic box” because it enables direct operations on encrypted data without decryption. The technology ensures sensitive information remains concealed during computations.

Developers plan to release a preliminary version of the L3 network in the third quarter of this year. The network will prioritize regulatory compliance alongside robust security and privacy measures.

TREAT will serve as the utility and governance token for the new privacy-centric L3 blockchain.

Shibarium sees outage

Meanwhile, Shiba Inu’s Ethereum layer-2 network Shibarium experienced a brief outage today due to networking issues among the validators.

Shiba Inu developer Kaal Dhairya said:

“[The] network is back up and running now [but] some services like shibariumscan or external RPCs can still remain down until the steps provided are implemented.”

Since its launch, Shibarium has seen significant adoption, pushing its total transaction volumes to around 418 million, according to Shibariumscan data.

The post Shibarium sees brief outage amid Shiba Inu’s Layer-3 blockchain ambitions appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SHIBA INU (SHIB) на Currencies.ru

$ 0 (+1.82%)
Объем 24H $11
Изменеия 24h: 8.92 %, 7d: 2.86 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 3428
Доступно / Всего 0 SHIB

inu blockchain token shiba layer-3 network according

Источник: cryptoslate.com

inu blockchain → Результатов: 126


Shiba Inu Burn Worries Investors Who Switch to BlockDAG’s $600M Roadmap as Helium Mobile News Causes Stir

In a landscape where Shiba Inu’s ambitious burn initiative and Helium Mobile’s volatile updates stir the crypto community, BlockDAG emerges as a harbinger of blockchain’s future. With its strategic vision to harness a $600 million roadmap, BlockDAG transcends traditional crypto narratives and positions itself as a sanctuary for investors seeking […]

2024-3-22 20:00


Thinking of Throwing $1,000 at BONK? Here’s What It Might Grow to if Held to 2025

The crypto meme coin scene is buzzing about BONK, the new Shiba Inu of the Solana blockchain. This dog-themed token has already seen massive growth, with prices up 900% in just the last 30 days. As the crypto market heads toward the next bull run, expected to be the biggest yet, many investors are taking […] The post Thinking of Throwing $1,000 at BONK? Here’s What It Might Grow to if Held to 2025 appeared first on CaptainAltcoin.

2023-12-15 02:15


Solana’s BONK Climbs To 3rd Place In Dog Coin Market Cap, Leaving FLOKI Behind

In recent weeks, the Solana (SOL) blockchain has been making waves in the crypto world, with its native token SOL experiencing a remarkable uptrend of 46% over the past 30 days. Alongside this surge, Bonk Inu (BONK), the first Solana-based meme coin, has gained significant traction, solidifying its position as the third-largest dog coin by market capitalization, surpassing Floki Inu (FLOKI).

2023-12-6 01:00


Shiba Inu: Shibarium Advances With Crucial Testnet Upgrade

Shiba Inu’s layer 2 (L2) blockchain project, Shibarium, is set for a pivotal upgrade, transitioning its testnet, Puppynet, from the Ethereum Goerli Network to the Sepolia Network. This transition, effective from December 15, 2023, marks a significant development for the blockchain and also comes with a long-awaited upgrade to the SHIB burn mechanism. Shibarium Testnet […]

2023-12-5 20:00


Shiba Inu Shibarium Network Listed As Top 5 Active Network By Node Operator

The Shiba Inu ecosystem has achieved another milestone, with Shibarium ranking amongst the top five active networks on the NOWNodes platform.  Shiba Inu Layer 2 Network Celebrates New Achievement NOWNodes, a blockchain as a service solution platform has taken to X (formerly Twitter) to announce a new accomplishment for the Shibarium Network. The blockchain node […]

2023-11-19 23:00


Shiba Inu Marketing Lead Reveals The Important Role Of SHIB In The Shibarium Ecosystem

The Shiba Inu ecosystem has grown exponentially from its early days as a meme crypto inspired by a doge meme and created as the Dogecoin killer. Shiba Inu has now evolved to have its own layer-2 blockchain designed to process SHIB transactions quickly and smart contracts off-chain the Ethereum network. The ecosystem is home to […]

2023-11-12 12:20


Shiba Inu Marketing Lead Clarifies Why Shibarium Doesn’t Burn SHIB

The Shiba Inu community was buzzing recently, seeking clarity on the burning process of SHIB tokens on Shibarium, the project’s layer-2 (L2) blockchain network. Addressing these concerns, Shiba Inu’s marketing lead, Lucie, broke down the mechanics of the process in a detailed statement on X (formerly Twitter) that shed light on the complexities involved. SHIB […]

2023-10-27 09:05


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu Owners, Beware: Impersonators Are Targeting Your Pack!

The booming Shiba Inu (SHIB) community faces a growing threat: imposters posing as prominent developers on social media platforms like Telegram. Shibarmy Scam Alerts, a watchful community group, recently exposed this deceptive tactic, urging investors to exercise caution in the face of these digital wolves in sheep’s clothing.

Shiba Inu Sees Significant Dip Amid Market Turbulence

Shiba Inu, the second-largest memecoin in the cryptocurrency market, has encountered a notable downturn in recent hours, witnessing a 6% decline in its value today. According to data from Spotonchain, a collective of eleven wallets, likely representing a single whale investor, collectively offloaded 533.

Shiba Inu Price Takes A Dip Amid Other Market Volatility

Shiba Inu, the second-largest memecoin commanding a market capitalization of approximately $20 billion, has experienced a notable 17% decline in price since yesterday. This sudden downturn comes after a period of strong performance, signaling a potential return to the hiking zone.

Pepe Coin Surges 240% In A Week Amid Profit-Taking By Whales

Pepe, the rising star among meme coins, has experienced an impressive surge in value, climbing over 240% in the past week and 7% in the last 24 hours, with its current trading price at $0.00000767. On-chain reports reveal significant profit-taking activity by five wallets, likely controlled by a single entity, […]