Home / News / Crypto / Altcoins / SHIB Developer Optimistic About Musk Coming to Shibarium Launch
Altcoins
5 min read

SHIB Developer Optimistic About Musk Coming to Shibarium Launch

Published August 1, 2023 2:55 PM
Teuta Franjkovic
Published August 1, 2023 2:55 PM
Key Takeaways
  • Elon Musk is invited to the Blockchain Futuristic Conference in Toronto, where Shibarium is being launched
  • With the help of Shibarium, Ethereum should be more scalable, enabling developers to create decentralized apps
  • Buzz is increased by Musk’s recent reference to Shiba Inus via Doge

Elon Musk has been invited to the launch of Shibarium, which will take place at the Blockchain Futuristic Conference in Toronto, by the primary creator of Shiba Inu. Shibarium is a Layer-2 scaling protocol created to improve Ethereum’s scalability and allow programmers to create decentralized apps.

 

A mysterious invitation to the much-awaited debut of Shibarium, Shiba Inu’s Layer-2 scaling protocol, has been sent to Elon Musk, a well-known billionaire investor and ardent Dogecoin enthusiast.

Shiba Inu’s chief developer, Shytoshi Kusama, sent out the invitation through a subtle tweet. The inaugural event is planned for August 13–17, 2023, during the Blockchain Futuristic Conference in Toronto, Canada.

The crypto community is excited about the prospect of Musk attending the conference, especially in light of his recent interest in Shiba Inus.

Many people are excited to see if the well-known businessman will attend the function.

Redefining DApps at the Blockchain Futuristic Conference

At the Blockchain Futuristic Conference, Shibarium will make its much-awaited debut. The protocol, which has undergone multiple revisions and months of intense effort, is poised to transform the field of decentralized applications (DApps) and facilitate smooth real-world business interactions.

Puppynet, Shibarium’s beta test, was successfully launched on the mainnet in March, garnering a lot of interest and demand from the cryptocurrency world. Puppynet handled a remarkable 25 million transactions in its beta phase, demonstrating this cutting-edge scaling solution’s enormous potential and usefulness.

The debut of Shibarium is widely anticipated by developers globally, as it offers the potential to enable them to create innovative DApps and propel real advancement in a multitude of industries.

Puppynet Reaches Significant Milestones as the Launch of Shibarium Approaches

Puppynet keeps hitting incredible milestones as the official launch of Shibarium draws near, stoking anticipation for its widespread release. The number of wallet addresses has increased to 16.98 million, and the beta test has processed over 1.45 million blocks.

The protocol’s great efficiency and scalability are demonstrated by the 33,886,822 transactions completed on Puppynet with 17,063,134 wallets in use, according to PuppyScan data. These transactions were completed with an amazing average block time of 5.0 seconds. Experts believe that Shibarium will continue to grow wallet addresses and transaction rates after its official launch, further establishing the cryptocurrency as a revolutionary remedy for Ethereum’s scaling problems.

More information about the protocol’s capabilities and its application in practical applications is anticipated to be revealed at the upcoming conference. The mystery surrounding Elon Musk’s involvement in cryptocurrencies is still a topic of discussion, particularly in light of his recent tweet mentioning the Shiba Inu meme coin.

The excitement surrounding the Shiba Inu currency has grown due to Musk’s subtly endorsing it, and this will probably draw more attention from investors. Many investors believe there will be a price increase as the debut of the Shibarium mainnet draws near, enhancing Shiba Inu’s reputation in the cryptocurrency space.

Blockchain Conference is Release of Shibarium

The crypto community is getting very excited about the Blockchain Futuristic Conference, which is about to introduce Shibarium, a revolutionary Layer-2 scaling protocol developed by the Shiba Inu team and Musk coming would certainly mean a lot. The occasion is anticipated to be momentous, and Elon Musk’s possible attendance has increased excitement even more. According to CoinMarketCap , at the time of writing, SHIB price stood at $0.000008 with a 24-hour trading volume of $150,977,477. Shiba Inu is down 2.83% in the last 24 hours.

The effect of this creative solution on Ethereum’s scalability and the future of decentralized apps is eagerly anticipated by experts and fans.

Inviting Musk Through Billboard

Back in 2019, in an effort to lure Elon Musk to their event, the organizers of an upcoming forum for entrepreneurs in Russia purchased a billboard next to the businessman’s California offices. They also had a music video to entice him to come.

A billboard outside SpaceX’s Hawthorne, California headquarters features the well-known Russian meme “How do you like that, Elon Musk?” along with a QR code. Its sole purpose is to entice the well-known businessman to attend the ‘Act Small’ business conference in Krasnodar.

Next, Musk appeared on a large screen at the Krasnodar conference, complimenting the event organizers on their sense of humor.

“I think the billboard outside SpaceX gave it away; it was very subtle.” How could I have missed the billboard right outside my place of business?” he said

Was this Article helpful? Yes No