The total transactions recorded by the Shibarium testnet has crossed 25 million while the blocks processed has crossed 1.5 million.
Shiba Inu team has recently introduced Shibacals, assigning NFTs to real-world assets for authentication.

Puppynet, the beta testnet of the Layer-2 scalability platform Shibarium, continues to hit new milestones over the past few weeks. It continues to hit new highs when it comes to the total number of wallet addresses as well as the total number of transactions happening on the testnet.

The recent report from Puppyscan, the official block explorer for Shibarium’s Puppynet testnet, showcases impressive progress in terms of total transactions and wallet addresses. These figures signify the significant potential for the upcoming launch of the main network.

Puppynet has witnessed a remarkable surge, with over 25 million total transactions recorded thus far. Additionally, the network has successfully attracted more than 17 million wallet addresses, indicating a growing interest and active engagement within the ecosystem.

As of press time, the data from Puppyscan shows that there have been 25,978,414 total transactions recorded, with an impressive average block time of less than seven seconds. Additionally, there are 17,020,810 wallet addresses associated with the protocol. This noteworthy accomplishment highlights the protocol’s remarkable scalability and efficiency.

Additionally, the data from Puppynet also shows that the Shibarium beta has seen significant progress in terms of the total blocks processed. The total number of blocks processed has crossed the 1.5 million mark and is currently at 1,509,789.

The Latest Developments Around Shibarium

As the Shiba Inu developer team works on launching the Shibarium mainnet ahead this year, there’s already some development happening around this space. Last month, Shiba Inu lead developer Shytoshi Kusama unveiled a new project dubbed ‘Sibacals’ that helps in creating NFTs for real-world assets. This will allow the authentication and proof-of-ownership for the real-world assets.

Shibarium is a new blockchain system that will be a part of the Shiba Inu ecosystem. It will focus on three tokens: SHIB, BONE, and LEASH. Its main areas of interest will be the metaverse and NFTs (non-fungible tokens). Shibarium is set to launch later this year and will offer features like blockchain gaming, decentralized entertainment, account abstraction, and international governance. These details were shared in a blog post by the developer, Shytoshi Kusama.

One interesting aspect of Shibarium is the Shibacals. These will be collectible items that prioritize authenticity and artistic value. They will use NFC chips to verify real-world items and create new business opportunities, similar to how eBay verifies items but with the added benefit of blockchain technology.

Creating Shibacals will take around 4 to 6 weeks to ensure high quality and craftsmanship. The developers are collaborating with different blockchain teams to implement the authentication technology.

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Filed under: Bitcoin - @ July 2, 2023 5:30 am