Crypto Bits
10 months ago

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

Wayne Jones Aug 18, 2023 09:03
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 (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.

Share This Article
Wayne Jones

Wayne is a dynamic part-time trader with an impressive eye for detail. His passion for understanding financial systems has led to an intriguing interest in blockchain technology, and he enjoys exploring and writing about cryptocurrencies. Possessing a keen intellect and diligent work ethic, he stays up-to-date on the latest industry trends, regularly sharing his insights in articles and professional presentations.