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You are here: Home / News / Altcoin News / Shiba Inu: Puppynet Smashes New Records
Shiba Inu: Puppynet Smash New Records

Shiba Inu: Puppynet Smashes New Records

May 22, 2023 by Lipika Deka

Puppynet, testnet of Shiba Inu’s layer-2 has continued to take massive strides since its inception on March 11. The most recent data from puppyscan showed that the number of interacting wallet addresses on the native testnet has reached an astounding 15.9 million, up from just 3 million transactions a few weeks after the debut.

In addition, Shibarium had 10.7 million total transactions, and at the time of publication, the average block time or time it takes to create a new block is 5 seconds.

Recently, Unification Foundation, the team behind Shiba Inu’s layer 2 announced to deploy the Verified Open Randomness [VOR] and Oracle of Oracles [OoO] smart contracts on the Shibarium testnet as reported by TronWeekly reported.

For those new, UnificationUND is the non-profit organization behind the Unification Protocol and Shibarium.

VOR, as the name suggests, is a contract used for producing verifiably random outputs, for applications like lottery systems and game dApps that require randomization.

The Oracle of Oracles [OoO], created by Unification, is the next to be implemented on the Shibarium testnet which it said would address the issue of hackers and other threats that might lead to exploitation, such as the manipulation of asset values.

Oracles are smart contracts that have the ability to retrieve data from outside sources, such as cryptocurrency prices, and send it to the blockchain.

These smart contracts act as a bridge between the outside world and the blockchain, they help to facilitate this.

“The OoO Data Request API has been developed in such a way that a variety of data can potentially be plugged in without disrupting the existing smart contracts or infrastructure,” as stated in the blog.

Shiba Inu’s Native Cold Wallet Launch

In related news, the Shiba Inu team will shortly unveil the limited edition of its personalized cold wallet from Tangem. As per a Discord message by Shibarium1, an update regarding a preorder would be announced shortly.

The Tangem blockchain company in Switzerland created a user-friendly, smartphone-compatible bitcoin wallet that looks and functions like a standard credit card. It is also portable because it doesn’t require batteries or wires.

Filed Under: Altcoin News Tagged With: puppynet, SHIB, Shiba Inu, shibarium

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