The recent launch of the Shibarium layer-2 Blockchain was plagued by technical issues, resulting in around $1.7 million worth of ETH becoming locked in the Shibarium cross-chain bridge for several hours. Users also complained about a “non-functional” remote procedure call (RPC) system, a poor blockchain explorer, and an overall unsatisfactory user experience. The Shiba Inu team, however, has clarified that the technical glitches were primarily caused by high traffic volume on the network.
Traffic Overload and Failsafe Mode
According to the Shiba Inu team, Shibarium received an unexpectedly high volume of traffic within moments of its launch. This surge in traffic resulted in thousands of contracts being created in just one block, overwhelming the network and causing it to enter a failsafe mode, which halted its operations. Shiba Inu lead developer, Shytoshi Kusama, reiterated these claims in a blog post, stating that the network collapse was not due to any issues with the cross-chain bridge but rather the massive influx of transactions and users.
Scaling Operations and Seeking Outside Help
To address the technical issues caused by high traffic, the Shiba Inu team has sought outside help to scale Shibarium’s operations. They are exploring various options to enable higher traffic on the network without encountering further glitches. SHIB developer Kaal Dhairya stated that he will inform the Shiba Inu community of the actions that will be taken to upscale the network in due time.
Fake Screenshot and Investigation
In addition to the technical issues, the Shiba Inu team also addressed a “fake screenshot” that has been circulating on social media. The screenshot allegedly shows an internal conversation between Shiba Inu developers. The team is working with X (formerly Twitter) to identify the source of the screenshot and take appropriate action.
Academic Analysis
Technical issues during the launch of a blockchain platform are not uncommon, especially when the network experiences a high volume of traffic. The case of Shibarium highlights the challenges faced by developers in ensuring smooth operations during times of increased activity. Scaling a blockchain network to accommodate high traffic is a complex task that requires careful planning and implementation.
The failsafe mode triggered by Shibarium in response to the surge in traffic indicates that the network was not adequately prepared to handle such a large number of transactions and users. This raises questions about the scalability and robustness of the Shibarium layer-2 blockchain. The team’s decision to seek outside help suggests that they acknowledge the need for a comprehensive solution to prevent similar incidents in the future.
The dissemination of fake screenshots and misinformation on social media is a common phenomenon in the cryptocurrency community. Such incidents can cause panic and uncertainty among users, leading to a loss of trust in the project. The Shiba Inu team’s commitment to identifying the source of the fake screenshot and bringing the perpetrators to justice demonstrates their dedication to maintaining transparency and integrity within the community.
Conclusion
The technical issues faced by Shibarium during its launch resulted in a significant amount of locked funds and a poor user experience for the SHIB community. The Shiba Inu team has attributed these issues to the overwhelming traffic volume and is actively working to scale the network and improve its operations. The team’s response to the fake screenshot incident further showcases their commitment to maintaining trust and transparency among their users..
#Happened #Shibarium #Launch #Shiba #Inu #Team #Clarifies
Traffic Overload and Failsafe Mode
According to the Shiba Inu team, Shibarium received an unexpectedly high volume of traffic within moments of its launch. This surge in traffic resulted in thousands of contracts being created in just one block, overwhelming the network and causing it to enter a failsafe mode, which halted its operations. Shiba Inu lead developer, Shytoshi Kusama, reiterated these claims in a blog post, stating that the network collapse was not due to any issues with the cross-chain bridge but rather the massive influx of transactions and users.
Scaling Operations and Seeking Outside Help
To address the technical issues caused by high traffic, the Shiba Inu team has sought outside help to scale Shibarium’s operations. They are exploring various options to enable higher traffic on the network without encountering further glitches. SHIB developer Kaal Dhairya stated that he will inform the Shiba Inu community of the actions that will be taken to upscale the network in due time.
Fake Screenshot and Investigation
In addition to the technical issues, the Shiba Inu team also addressed a “fake screenshot” that has been circulating on social media. The screenshot allegedly shows an internal conversation between Shiba Inu developers. The team is working with X (formerly Twitter) to identify the source of the screenshot and take appropriate action.
Academic Analysis
Technical issues during the launch of a blockchain platform are not uncommon, especially when the network experiences a high volume of traffic. The case of Shibarium highlights the challenges faced by developers in ensuring smooth operations during times of increased activity. Scaling a blockchain network to accommodate high traffic is a complex task that requires careful planning and implementation.
The failsafe mode triggered by Shibarium in response to the surge in traffic indicates that the network was not adequately prepared to handle such a large number of transactions and users. This raises questions about the scalability and robustness of the Shibarium layer-2 blockchain. The team’s decision to seek outside help suggests that they acknowledge the need for a comprehensive solution to prevent similar incidents in the future.
The dissemination of fake screenshots and misinformation on social media is a common phenomenon in the cryptocurrency community. Such incidents can cause panic and uncertainty among users, leading to a loss of trust in the project. The Shiba Inu team’s commitment to identifying the source of the fake screenshot and bringing the perpetrators to justice demonstrates their dedication to maintaining transparency and integrity within the community.
Conclusion
The technical issues faced by Shibarium during its launch resulted in a significant amount of locked funds and a poor user experience for the SHIB community. The Shiba Inu team has attributed these issues to the overwhelming traffic volume and is actively working to scale the network and improve its operations. The team’s response to the fake screenshot incident further showcases their commitment to maintaining trust and transparency among their users..
#Happened #Shibarium #Launch #Shiba #Inu #Team #Clarifies
