Puppynet Transactions Freeze for Over 72hrs; What Does This Mean for Shibarium?

Puppynet Transactions Freeze for Over 72hrs; What Does This Mean for Shibarium?

The release of Shibarium Mainnet was the subject of increased rumors after Puppynet activities abruptly stopped on August 5. Shibarium Beta Testnet blockchain explorer Puppyscan recently discovered a strange activity in the network, sparking a surge of curiosity among the Shiba Inu Community. Puppynet has had a total transaction freeze during the past 72 hours, according to the most recent data from Puppyscan, indicating an abrupt halt in the network’s operations since August 5.

Puppynet had 35,044,841 (35.04 million) transactions as of the most recent data available, with an average block time of less than seven seconds. The network supported a sizable 17,063,903 (17.06 million) wallets and had processed a total of 1,989,675 (1.98 million) blocks.

This prompted speculation among Shiba Inu fans that Shibarium’s Puppynet beta phase has come to an end in anticipation of the debut of Shibarium Mainnet at the upcoming Blockchain Futurist Conference 2023, which is scheduled for August 15th and 16th. The team has not, however, formally announced the change.

Related Reading: Shiba Inu: Rising Popularity and Exchange Balances Fuel Optimism

Developments in Shiba Inu Ecosystem

The Shiba Inu development team is also hard at work getting everything ready for the upcoming launch of the Shibarium Mainnet. The SHIB team will soon give up ownership and control of the BONE contract shortly after minting the last of the BONE, as previously announced by Shytoshi Kusama, the principal developer of SHIB.

Ahead of the much anticipated Shibarium – Layer 2 Solution, the Shiba Inu team has also launched a number of initiatives to enhance the Shiba Inu Ecosystem. The Shibarium SSI (Self-Sovereign Identity) and the opening of the Shibarium beta bridge for public testing are two of these endeavors.

Read Also: Shiba Inu Now the Most Traded Token by Whales in 24hrs 

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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