CDS Crypto News Shiba Inu Prepares for Another Attempt as Shibarium’s Public Restart Nears
Crypto News

Shiba Inu Prepares for Another Attempt as Shibarium’s Public Restart Nears

Following the network's temporary halt, attributed by developers to an unparalleled surge in demand, trial blocks on the system are now proceeding without incident.

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Shiba Inu Prepares for Another Attempt as Shibarium's Public Restart Nears

Crypto News– In the aftermath of a highly anticipated network launch for Shibarium plagued by network glitches and a malfunctioning bridge, Shiba Inu’s developers are steadily progressing toward the revival of the Shibarium network. By meticulously observing validator data and transaction activities, the developers are orchestrating a gradual reopening.

Shiba Inu Prepares for Another Attempt as Shibarium’s Public Restart Nears

In a post released early on Tuesday, the project’s prominent developer, known as Shytoshi Kusama, conveyed that the network was on the verge of being accessible to the public once again. Kusama outlined that various measures had been implemented to thwart any recurrence of network outages.

“Following two days of meticulous testing and parameter adjustments to attain a state of readiness, Shibarium has now been fortified and fine-tuned,” stated Kusama. “While it’s currently undergoing testing, it’s successfully producing blocks.”

Kusama went on to elaborate, “Furthermore, we have introduced a novel monitoring system and additional fail-safe mechanisms. This includes rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism to address potential surges in traffic, should they arise.

Shibarium, an Ethereum layer-2 network, employs SHIB tokens as transaction fees. This strategy is part of a broader initiative to establish Shiba Inu as a substantial blockchain project. The network’s focus is centered around metaverse and gaming applications, and it serves as an economical settlement solution for DeFi applications built atop it.

During a testing phase, Shibarium garnered significant success, engaging millions of wallets and facilitating around 22 million transactions over a four-month period.

However, the network’s recent launch encountered swift setbacks. Transactions were hindered shortly after going live, causing millions of dollars to become stranded on a bridge – a tool used for transferring tokens between disparate networks. SHIB token prices plummeted by 10% during this incident. Developers responded to the turmoil by refuting any bridge-related problems and attributing the disruptions to an unprecedented influx of transactions from users. They contended that server failures were the result of users overwhelming the network with transactions, surpassing the server’s processing capacity.

Shiba Inu Prepares for Another Attempt as Shibarium's Public Restart Nears
Sources:coindesk

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