Shiba Inu’s Shibarium Mainnet Launch Faces Issues
Shiba Inu (SHIB) has launched its highly anticipated Shibarium mainnet, an Ethereum (ETH) layer-2 scaling solution. The launch promises improved scalability and affordability for transactions by integrating with the Ethereum layer-1 blockchain. However, the launch did not go smoothly, with $1.7 million worth of ETH currently stuck in Shibarium. Transactions are in a pending state, and users are advised to temporarily stop using Shibarium. The issue has caused no new transactions to be confirmed for hours. There are allegations on social media that Shibarium’s RPC nodes are dead, and the RPC website is down. As a result, SHIB’s price has dropped 8.2% and faces the risk of further decline if the issues are not resolved promptly.
Key Points:
– Shiba Inu has launched the Shibarium mainnet, an Ethereum layer-2 scaling solution.
– Shibarium promises enhanced scalability and affordability by integrating with the Ethereum layer-1 blockchain.
– $1.7 million worth of ETH is currently stuck in Shibarium, causing pending transactions.
– Allegations on social media suggest that Shibarium’s RPC nodes are dead and the RPC website is down.
– SHIB’s price has dropped 8.2% due to the Shibarium launch issues and may face further decline.
Hot Take:
The launch of Shibarium has been marred by technical issues, leading to a significant amount of ETH being stuck and pending transactions. This setback has caused a drop in SHIB’s price and poses a risk for further decline. Shibarium developers must resolve the ongoing issues promptly to restore confidence and stability in the meme blockchain.
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