Search for:
  • Home/
  • Shiba Inu’s Shibarium Network resumes block production after a short hiatus

Shiba Inu’s Shibarium Network resumes block production after a short hiatus

Shiba Inu’s Shibarium layer-2 network has resumed block production after taking a break for almost a day.
According to block explorer, Shiba Inu layer-2 blockchain Shibarium, reactivated and produces blocks. The Shibarium network went into safe mode after the mainnet launch, suspending operations to protect funds due to unexpectedly high traffic.
Lead developer Shytoshi Kusama believes that blockchain’s high traffic involved some difficultiesby stating the security of funds remains intact. He said both the bridge and chain were running smoothly and the Shibarium was ready to restart quickly.

The block production screen has been restarted. Source:

In an official blog post released today, Shiba Inu developer Kaal Dhairya said: outlined operations scaling plans Meet the heavy traffic at the Shibarium. The team will also provide regular updates on the status of the Shibarium network, a fork of Polygon.

“In fact, by slowly and carefully investigating exactly where the problem lies, we found thousands and thousands of normal transactions and contract creations in ONE BLOCK.”

Additionally, Project Shiba Inu has chosen $2 million of insurance coverage to address potential fundraising issues following the Shibarium reboot. Following this announcement, the team maintains a vigilant oversight as block generation on the network resumes.
However, the ShibArmy community is concerned about the spread of fear, uncertainty and suspicion (FUD) negatively affecting the project. Community members were positive and showed support for the network’s efforts to resolve the transaction pause..

Related: Shibarium administrators issue stern warnings about exploit risks

The spread of FUD, its key investors and traders surrender Shiba Inu tokens (SHIB), BONE and TA┼×. Despite everything, Prices are catching up after Shibarium reopenseven in the face of a broader cryptocurrency market sell-off.
During the past day, the value of SHIB 11% down, currently sitting at $0.0000082. It has fluctuated between $0.0000076 and a high of $0.0000093 in the last 24 hours. Meanwhile, the price of BONE corrected 15% to $1.18, while LEASH is currently at $430 and is down 5% over the same time frame.

Translation of Walter Rizzo

Leave A Comment

All fields marked with an asterisk (*) are required