Categories: Payment system news

What Really Happened During the Shibarium Launch: Shiba Inu Team Clarifies

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 (remote procedure call) system, an “awful” blockchain explorer, and an overall “sloppy” user experience for the SHIB community.

Technical Glitches Caused by High Traffic

However, the Shiba Inu team has issued a statement 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.

Shiba Inu lead developer Shytoshi Kusama made similar clarifications 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.

Fake Screenshot Causing FUD

Dhairya also took issue with what he called a “fake screenshot,” allegedly showing an internal conversation between Shiba Inu developers that has been doing the rounds on social media. The developer stated that they were in contact with X (formerly Twitter) to help identify the source of the screenshot to bring them to justice.

The post What Really Happened During the Shibarium Launch: Shiba Inu Team Clarifies appeared first on CryptoPotato.

superadmin

Recent Posts

Hoskinson Says Cardano Could Unlock Bitcoin’s Next Major Growth Opportunity

Cardano founder Charles Hoskinson believes Bitcoin’s next phase of growth could come through Cardano, allowing…

6 hours ago

Canton’s Decentralized App Layer Launches With $1M+ Foundation Grant Backing

BitSafe has released new infrastructure for builders launching decentralized financial applications on the Canton Network.…

15 hours ago

New Velotrade Report Explains Why Passing a Prop Firm Challenge Doesn’t Always Lead to a Payout

Clearing a funded challenge, exiting a position in profit, and then losing the account anyway…

16 hours ago

Market Analyst Predicts Ripple’s XRP Next Move Could Send Price Soaring to $15

XRP traded largely flat on Monday following a volatile week marked by a broader cryptocurrency…

1 day ago

Strategy Says Its Bitcoin Stash Could Keep Dividends Flowing For 31 Years

Strategy is back in the spotlight after revealing its Bitcoin treasury could support shareholder dividends…

1 day ago

The fall of BitMEX and BitMart: Could Exchange Collapses Bring Crypto Market Rebound? CZ Reacts

Recent business collapses of exchanges have brought speculation about whether such crashes could trigger the…

1 day ago