Shibarium Resumes Block Production After Brief Suspension
Shibarium, the Layer-2 blockchain of the Shiba Inu ecosystem, has recommenced block production after a brief suspension that lasted almost a day. The mainnet for Shibarium went live on 16 August 2023.
Key Points:
- Lead developer Shytoshi Kusama addressed circulating rumors and concerns about Shibarium, reassuring the community that there’s no issue with the bridge and their funds remain secure.
- The technical hiccups were due to a surge in traffic after the public launch announcement, overwhelming the system. The team has been working to scale the system to handle the unexpected surge.
- Developer Kaal Dhairya provided clarity on the challenges faced during the launch, mentioning the enormous number of contract creations and transactions that prompted Shibarium’s system to enter fail-safe mode to ensure security.
- Efforts are being made to identify those responsible for spreading misinformation about Shibarium, and the funds paused in the bridge are secure and insured for $2 million.
- Despite the FUD (fear, uncertainty, and doubt), prices of SHIB, BONE, and LEASH tokens are showing signs of recovery after Shibarium’s reactivation.
Hot Take:
Shibarium’s recent technical challenges highlight the incredible enthusiasm and support of the ShibArmy community. The surge in traffic and transactions overwhelmed the system temporarily, but the team is actively working to address the issues and ensure the security of funds. The resilience and quick response to these challenges demonstrate the potential of Shibarium as a strong player in the crypto space.
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