Cetoex News – Shytoshi Kusama is one of the top prominent Shiba Inu developers known. He is a go-to voice for all things SHIB, however, it appears that Shytoshi Kusama might be preparing to leave the SHIB development team.

In a recent blog post where he outlines updates to the SHIB Ecosystem, Kusama says “My position, whatever you want to term it, will no longer be necessary.” It appears that after the Shibarium layer 2 update and Woofpaper update, Kusama may make his departure.

This will happen, according to him, after the SHIB team “attain multi-token governance, finalize all Ryoshi checklist items (including Shibacon), complete all initiatives (Shiba Eternity Game, F&B, AI, Dao’s, Shibarium, etc), and prove to the world that we not only start strong but finish even stronger.”

Shytoshi Kusama hasn’t explicitly confirmed he will leave the SHIB development team. However, it is unclear what his role might be if his current position is “no longer necessary.” The SHIB founder known as Ryoshi already left Shiba Inu in the past. Now, one of their most popular developers may be heading out the door next.

We’ll have to wait until he tweets an update or confirms his potential departure in a future SHIB Ecosystem blog.

NEWS BY – CETOEX NEWS

Cetoex News – Shiba Inu (SHIB) lead developer Shytoshi Kusama has mentioned that the project’s layer-2 network, Shibarium, could see the light of day in two or four months. The revelation is a sigh of relief for fans and users, as the launch has seen several delays since its announcement.

Kusama said that the current priority for the Shiabrium network is to build systems. Kusama revealed that he might wear the “systems designer” hat next. Systems design would include things like “ticket system, support, onboarding,” the developer said.

Furthermore, Kusama also revealed that the team is working on UI (user interface) for some “secret projects.” Additionally, there are some surprises to help businesses that do not fully understand the metaverse.

Shiba Inu’s (SHIB) Shibarium network was originally planned for a 2022 release. However, the launch was postponed several times due to development issues. However, upon the launch of the beta testnet in March, fans were convinced that the mainnet would soon follow. As per Kusama’s words, Shibarium could launch sometime between June and August.

Shiba Inu’s Shibarium stress test

The testnet for Shibarium recently witnessed an 86% spike in the number of wallet addresses. A member of Shib Pixel Pups has revealed that the spike was due to a script designed to stress test the network. The script created over 9.5 million wallets on Puppynet and executed over 3 million transactions on the beta network. The total number of addresses has since crossed 13 million.

The user also revealed that they created about 1,620 tokens on the beta testnet, which include Shib Pixel Pups DAO (SPPDAO) and Shib Pixel Pups Token (SPPX). The script was aimed at testing the scalability and efficiency of the blockchain.

With Shibarium now right around the corner, there is a possibility of a spike in Shiba Inu (SHIB) prices. SHIB currently faces resistance at $0.00001173, with support at $0.00001124.

At press time, SHIB was trading at $0.00001167, up by 1.2% in the last 24 hours.

NEWS BY – CETOEX NEWS

Cetoex News – Although the meme coin had seen a fantastic start to the year, coinciding with 34% gains, recent developments haven’t been so kind. Conversely, Shiba Inu developer Shytoshi Kusama provides some optimism through a new Twitter update as SHIB loses 50,000 holders in a week.

The iconic meme token had seen a mass exodus of wallets holding the crypto. Specifically, on April 1, the number of wallets holding SHIB was 1,279,122. Comparatively, March 27 saw 1,330,473 wallets, a higher number, holding the crypto. Subsequently, a Shytoshi Twitter update has encouraged the SHIB Army.

SHIB Developer is ‘In The Lab’

The prominence of meme coins in the cryptocurrency sector has undoubtedly grown in recent years. Moreover, as that prominence raises, and the development of various ecosystems grows, observing price action becomes more interesting by the day.

Subsequently, none of the largest meme coin communities has observed a massive shift in wallet holders with one potential message of hope. Specifically, the Shiba Inu lead developer, Shytoshi Kusama, has provided some optimism as SHIB loses 50,000 holders in one week.

In a screenshot shared by Twitter user, @Shibaunitedus, Kusama stated that he is currently, “in the Lab.” Moreover, this seems to encourage hope for the Layer-2 blockchain solution within the ecosystem.

Since the decline in wallets, there was a slight recovery, as 7,160 addresses were gained by April 9, according to Finbold. Conversely, Shiba Inu first surpassed 1.3 million addresses in February, alongside the growing anticipation of the Shibarium release. Thereafter, that very beta arrived on March 24.

The statement of Kusama being back “in the lab” likely refers to his continued work on Shibarium. Thus, as he continues to further develop the protocol, the ecosystem is anxiously awaiting what could come. Moreover, there will undoubtedly be a positive price action arriving with every update. Hopefully, an increase in wallets coincides.

NEWS BY – CETOEX NEWS