The Shibarium Launch: Unanticipated Community Strength
The highly anticipated Shibarium launch faced unexpected challenges as the community’s strength and fervor overwhelmed the system. The launch triggered significant downside action on the markets and fueled wild speculation on crypto Twitter.
Unraveling the Shibarium Bridge Drama
- Shibarium mainnet went live, causing excitement on crypto Twitter.
- Price action plunged nearly -9% due to market concern over bridge issues.
- Transactions froze, with a significant amount of ETH and BONE stuck.
- Speculation and rumors spread on Twitter, causing FUD.
- Bridges are crucial tools in crypto, and any disruption can shake the market.
Shytoshi Kusama: The Cause of the Problem
Lead developer Shytoshi Kusama clarified that the issue was caused by the overwhelming influx of transactions from the SHIBarmy upon the Shibarium launch. The team couldn’t anticipate the magnitude of traffic despite their preparations. The system was overwhelmed, burning through millions of compute units within half an hour.
Looking Ahead: Faith in Shiba Swap and Shibarium Mainnet
Shytoshi urged the community to be patient and trust the team’s efforts in scaling up. The team is working diligently to adapt to the overwhelming response and ensure the safety of all funds. The incident’s -9% downside move could have a positive effect on SHIB’s technical structure, and upside momentum is likely to resume as Shibarium grows.
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