Shiba Inu’s Shibarium is now live and functioning well after facing technical issues
Shiba Inu’s layer-2 solution, Shibarium, has overcome its initial technical issues and is now operational. The lead developer, Shytoshi Kusama, announced that the Shibarium mainnet is live and running smoothly. Bridge withdrawals for tokens like SHIB, LEASH, wETH, and BONE have also been reopened. Withdrawal timeframes range from 45 minutes to three hours for most tokens, while BONE withdrawals could take up to seven days.
Challenges faced during launch and resolution
During the initial launch, Shibarium encountered challenges resulting in $1.7 million worth of ETH being stuck on the bridge, causing concern among community members. However, Kusama clarified that the issues were not due to Shibarium but were caused by a large influx of transactions and users. Kusama assured the community that their funds were safe and requested patience as the team worked to scale the chain. Regular updates were provided, including a scaling update on August 22. The Polygon team was also acknowledged and appreciated for their support during the incident.
Conclusion
Shibarium, the layer-2 solution of Shiba Inu, has resolved its technical issues and is now fully functional. The mainnet is operating well, and bridge withdrawals for various tokens have been reopened. Despite the challenges faced during the initial launch, the lead developer reassured the community that the issues were not caused by Shibarium itself. The team is focused on scaling the chain to accommodate the growing demand. The support of the Polygon team was instrumental in resolving the incident. This development marks a positive step forward for Shiba Inu and its network.
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