Shiba Inu’s Shibarium Network Prepares for Relaunch After Initial Setbacks
Shiba Inu’s highly anticipated Shibarium network, built on Ethereum, is getting ready for a fresh launch after encountering initial problems. The developers are actively addressing the issues in order to have a smoother second attempt.
Key Points:
- Network improvement efforts are underway to optimize Shibarium and prevent further issues.
- The development team has introduced fail-safe measures and safeguards to enhance the network’s stability.
- During testing, Shibarium showcased its potential by facilitating millions of transactions across wallets.
- The official launch faced severe disruptions due to an overload of transactions, leaving funds stranded.
- The network is temporarily closed to the public while the team resolves the underlying issues.
Shibarium’s Comeback and Token Price Impact
Shytoshi Kusama, Shiba Inu’s lead developer, provided an update on Shibarium’s progress, indicating that the network is being optimized and additional validators will be onboarded. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours.
Disclaimer: This article is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.
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