The Wrapped Bone (WBONE) token, which makes BONE interoperable with smart contracts and decentralised apps on the Shibarium network, was just completed, according to Shytoshi Kusama, the project’s principal developer, who shared the news in a recent post on the Shiba Inu Telegram channel.
Shibaswap, the project’s decentralised exchange, won’t be live for a while, according to Kusama, so that other Shibarium-based products can succeed first. In addition to ensuring network security and stability, the delay shows that the team is carefully controlling its expansion.
With over a million wallets being recorded, Shibarium, Shiba Inu’s Layer-2 scaling solution, is expanding noticeably.
According to U.Today, the platform also unveiled a brand-new function: a transaction scanner that can be accessed at Shibariumscan.io. This functionality improves user experience by enabling particular transaction lookups.
The project’s following phases were laid forth by Kusama in light of these developments. They include “renouncing the contract,” which, in order to increase security, involves handing up management of the smart contract to a decentralised entity or multi-signature wallet.
To better secure and decentralise the network, the initiative also intends to expand the quantity of validator nodes—the computers that verify transactions.
In spite of a tough beginning and a lot of FUD (fear, uncertainty, and doubt), the Shibarium project is gaining ground.
