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Shibarium Beta Bridge Goes Live Weeks Before Mainnet Launch

July 27, 2023
in Crypto News
Reading Time: 4 mins read
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  • The Shibarium beta bridge goes live for public testing with community members responding positively after successful tests.
  • The Shibarium bridge is a special tool that lets users move their assets between different networks like Ethereum and Shibarium.

There are a lot of things going on in the Shiba Inu ecosystem over the upcoming mainnet launch of the Layer-2 scalability platform Shibarium. The Shiba Inu development team has managed to hit milestones consistently while working on Shibarium.

A Shiba Inu community influence recently announced another major milestone attained by the Shiba Inu development team. As the launch of the Shiba Inu L2 network approaches, the development team has introduced the Shibarium beta bridge for public testing. Members of ShibArmy are encouraged to try out the cross-chain solution and provide feedback on any issues or bugs they encounter. Shiba Inu community influencer LUCIE wrote:

Shibarium Beta Bridge has gone live for public testing! Be among the first to try out this revolutionary cross-chain solution. Remember, always exercise caution and verify authenticity before connecting your wallet to any website. PLEASE DO NOT USE YOUR REAL ASSETS! Only faucets.

The official from the ecosystem also emphasized that users should verify the authenticity of the Shibarium beta bridge website before connecting their wallets. This caution comes in response to incidents where some Shiba Inu investors lost their assets due to a fake Shibarium website.

About the Shibarium Beta Bridge

The Shibarium bridge is a special tool that lets users move their assets between different networks like Ethereum and Shibarium. It allows them to deposit and withdraw their assets easily.

To deposit their assets into the bridge, users need to make just one transaction. However, it takes some time for the transfer to complete – around 20 to 30 minutes to move funds from Ethereum to Shibarium.

But remember, the Shibarium Bridge doesn’t support delegation and staking. So, if you’re a Shiba Inu investor looking to do that, don’t use the Shibarium bridge for that purpose.

Excitingly, the launch of the Shibarium beta bridge for public testing happened shortly after Shytoshi Kusama announced that there will be more thrilling releases before the mainnet launch of Shibarium.

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The Shiba Inu Community Reacts

The Shiba Inu community members have shown great enthusiasm for this major development. In response to Lucie’s update, some users confirmed that they have successfully used the cross-chain protocol.

One supporter mentioned that the Shibarium beta bridge works well, stating, “Tested successfully earlier,” as per the comment from the pseudonymous Shiba Inu proponent.

https://t.co/8pAXbFhvBq tested succesfully earlier 🔥🔥🔥 very excited

— Rank’d i kae Hodl# (@RankdikaeHodl) July 26, 2023

Meanwhile, numerous community members are eagerly awaiting the upcoming mainnet launch of Shibarium, scheduled to take place in August during the Blockchain Futurist Conference. They have high hopes that this event will usher in more exciting developments for the Shiba Inu ecosystem.

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Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.


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