- The Shibarium aminnet launch had the crypto community in a frenzy.
- Paused assets when bridging to the Shibarium network led to market FUD.
- A Shiba Inu representative assures its users that all funds are safe.
The latest Shiba Inu news had the whole crypto community in a frenzy. The long-awaited mainnet launch of the Shibarium network came in with a bang. While the crypto community and the SHIB army were excited over the launch, the first of Shibarium users however, had a bad start.
In detail, the Shibarium network seemed to be facing bridging issues. When traders tried to bridge their crypto funds they ended up getting stuck between bridges. In response, one developer says the Shibarium bridging issues are not a big deal.
After the whole chaotic Shibarium release and its aftermath, the Shiba Inu team reached out to the community in an official long post. Here, the Shiba Inu representatives began with greeting Shibarians.
To start, the post says that in light of the overwhelming response to Shibarium, the team is thrilled to share their progress in scaling operations to accommodate the massive surge in users. The message also states that this milestone is huge and marks the first of the team’s ongoing updates as they navigate this exciting journey.
To highlight, the post talks about Shibarium encountering its unprecedented influx of ‘compute units’ of traffic. This move clearly indicates Shibarium’s incredible popularity. Swiftly investigating the situation, the team identified a significant surge in contract creation and transactions within a single block.
In turn, this triggered Shibarium’s built-in safety mechanism, inspired by Polygon’s architecture, immediately halting operations to ensure the security of funds. The representative says the team is pleased to confirm that user funds remain safe.
Shibarium Bridged Funds Are Safe
Now, armed with a clear understanding of the issue, the team rallied support from key partners, along with adept Shibarium developers, and the dedicated Unification team. Together, their collaborative efforts have led to the identification of several potential strategies.
“Rest assured, we’re committed to providing you with real-time updates as we implement these solutions to restore full functionality to the blockchain.”
The representative also says how the SHIB team is keen on practicing transparent communication. Lastly, they make it clear that all paused funds within the bridge remain secure. As an additional measure, we have opted to ‘insure’ the entire sum of $2 million in anticipation of any potential post-restart concerns.
Finally, the post says to look out for their next update tomorrow, which will provide further insights into the status of Shibarium’s scaling efforts. “We’re grateful for your unwavering support as we work diligently to enhance and secure the Shibarium experience for all users”.
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