Shibarium: The Troubled Launch of Shiba Inu’s Layer-2 Network on Ethereum
1. Shibarium is Optimized
After the recent launch of Shibarium, Shiba Inu’s highly anticipated layer-2 network on the Ethereum network, things did not go as planned. Over $2 million worth of user funds got trapped, and the blockchain came to a halt. However, the main developer of Shiba Inu, Shytoshi Kusama, has now revealed that significant steps are being taken to restart Shibarium.
In a blog post, Kusama mentioned that various adjustments and optimizations have been made over the past few days. According to him, Shibarium can soon be up and running smoothly.
“After two days of testing and implementing changes, Shibarium is now improved and optimized.”
Kusama also mentioned that Shibarium is already producing blocks again in the test version. The reason behind the sudden halt of Shibarium shortly after its launch was the overwhelming number of transactions. The network is designed to handle 400 million transactions per month. However, within half an hour of its launch, Shibarium received a staggering 160 million transactions.
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2. Shibarium as a Disastrous Launch
The recent adjustments made aim to prevent such an overload in the future. However, the exact date for Shibarium’s restart is still unknown. Kusama stated that the next step involves completing the testing phase. Additionally, more validators will be added to the network on Wednesday, and network capacity will be expanded.
Shibarium is not just a layer-2 solution for Ethereum; it aims to serve as the foundation for a comprehensive Shiba Inu ecosystem. With grand ambitions, Shiba Inu has been striving to shed its image as a memecoin. The launch of Shibarium was supposed to mark the first significant milestone in this journey, but unfortunately, it fell short.
Tags: Ethereum, Layer-2, Shiba Inu, Shibarium, Shytoshi Kusama
The launch of Shibarium, the layer-2 network of Shiba Inu on Ethereum, faced several challenges and setbacks. However, the main developer, Shytoshi Kusama, has reassured the community that significant optimizations have been made and the network is on its way to a smooth restart. The initial overload of transactions revealed the immense demand for Shibarium, highlighting its potential as a vital component of the Shiba Inu ecosystem. While the exact timeline for Shibarium’s relaunch remains uncertain, the team is actively working on testing and expanding the network’s capacity to ensure a successful and robust future. Stay tuned for more updates on Shibarium’s progress and its impact on the broader crypto landscape.