With so much attention toward the Shibarium launch, the team clarifies exactly how it all went down, dismissing recent claims as fud.
Technical issues plagued the recent launch of the Shibarium layer-2 blockchain, which caused about $1.7 million in ETH to become locked in the Shibarium cross-chain bridge for several hours.
Additionally, there were complaints of a “non-functional” RPC system, an “awful” blockchain explorer, and an overall “sloppy” user experience for the SHIB community.clarifying the events surrounding Shibarium’s launch. They claimed that an unexpectedly high traffic volume was the leading cause of the network’s technical issues during its initial run.
“Shibarium received millions of “compute units” of traffic within moments,” the statement said. It added that an investigation revealed that thousands of contracts had been created in just one block, causing Shibarium to enter a failsafe mode and stop automatically.in an Aug. 17 blog post. In the post, Kusama said there were no bridge issues with Shibarium and that the network only collapsed because of a massive influx of transactions and users after it went live.
In its latest statement, the team added that it sought outside help to scale Shibarium’s operations to enable higher traffic on the network without further glitches. According to SHIB developer Kaal Dhairya, the team has identified several possible ways of accomplishing the network upscaling, stating that he will inform the Shiba Inu community of whatever action will be taken in due time.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trillions of Shiba Inu (SHIB) Finally out of Voyager Right Before Shibarium, But Unexpected HappenedMajor Shiba Inu twist emerges right before Shibarium launch after Voyager empties its SHIB holdings
Read more »
‘It really looked like somebody dropped a bomb on’ in Lahaina, ‘it's really heartbreaking’More than 106 people have died in the Maui wildfires, and the death toll continues to climb. With only 27% of the burn zone searched, Hawaii’s Governor says officials expect to find between 10 and 20 bodies a day. Bobby Lee, President of Hawaii Fire Fighters Association, and Art DeLaCruz, CEO of Team Rubicon, join Andrea Mitchell to discuss. “It really looked like somebody dropped a bomb on it. You know? I've been in the fire department for 36 years, I've never seen anything close to this, you know, so it's really heartbreaking,” Lee said. “A fire truck without water and it's, there's not much you can do is like a police officer gun without bullets, you know, we really can't do anything without a water source,” he added.
Read more »
Republicans Are Having a Really, Really Hard Time Processing Trump’s Georgia IndictmentLindsey Graham said the case should be “decided at the ballot box” rather than by a “bunch of liberal jurisdictions,” while Kevin McCarthy accused Fani Willis of carrying out “a desperate sham.”
Read more »
33 Billion SHIB Moved From Exchanges as Shytoshi Kusama Teases Shibarium Launch TodayWhales have shoveled tremendous amount of SHIB within past hour, withdrawing a lot of it from top exchanges
Read more »
Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi GrowthThe much-awaited Shibarium network saw over 21 million wallets created during its testnet and is expected to position Shiba Inu as a serious DeFi contender.
Read more »