Shiba Inu Team Dispels False Rumors Regarding Layer 2 Shibarium
Key Points:
- The Shiba Inu team responds to post-Shibarium token transfer concerns, ensuring fund security.
- Technical glitches are attributed to high transactions and user influx; an infrastructure upgrade is underway.
- ShibArmy’s unintentional impact was acknowledged, and collaboration for scaling was emphasized in pursuit of decentralization.
Following the recent introduction of Shibarium, an Ethereum-based layer-2 blockchain, the Shiba Inu team has promptly addressed apprehensions arising from significant SHIB token transfers post-launch.
In a comprehensive blog post, the team tackled the issue head-on, elucidating technical glitches and affirming the security of users’ holdings.
Shytoshi Kusama, a Shiba Inu developer, assuaged concerns about Shibarium’s status, affirming that no funds were trapped in the cross-chain bridge and reiterating the safety of user investments.
Instead, the predicament stemmed from an influx of transactions and users, putting strain on the system. To rectify this, the team is actively expanding its infrastructure and aims to recommence operations upon completion.
Dispelling worries regarding the bridge’s integrity, the team attributed the technical hiccups to an overwhelming surge in transactions and users immediately following the Shibarium debut.
Technical challenges were attributed to the remarkable scale of engagement, with analytics revealing a staggering 160 million compute units within just 30 minutes post-launch, exceeding all expectations and highlighting the ShibArmy’s robust influence.
Amidst these challenges, the Shiba Inu team appealed for patience while actively collaborating with partners, including Unification, to bolster scalability efforts.
Their overarching objective remains steadfast: to advance towards perpetual decentralization. Community members were advised to disregard misinformation and rely solely on official updates provided through Shib.io for accurate information.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Shiba Inu Team Dispels False Rumors Regarding Layer 2 Shibarium
Key Points:
- The Shiba Inu team responds to post-Shibarium token transfer concerns, ensuring fund security.
- Technical glitches are attributed to high transactions and user influx; an infrastructure upgrade is underway.
- ShibArmy’s unintentional impact was acknowledged, and collaboration for scaling was emphasized in pursuit of decentralization.
Following the recent introduction of Shibarium, an Ethereum-based layer-2 blockchain, the Shiba Inu team has promptly addressed apprehensions arising from significant SHIB token transfers post-launch.
In a comprehensive blog post, the team tackled the issue head-on, elucidating technical glitches and affirming the security of users’ holdings.
Shytoshi Kusama, a Shiba Inu developer, assuaged concerns about Shibarium’s status, affirming that no funds were trapped in the cross-chain bridge and reiterating the safety of user investments.
Instead, the predicament stemmed from an influx of transactions and users, putting strain on the system. To rectify this, the team is actively expanding its infrastructure and aims to recommence operations upon completion.
Dispelling worries regarding the bridge’s integrity, the team attributed the technical hiccups to an overwhelming surge in transactions and users immediately following the Shibarium debut.
Technical challenges were attributed to the remarkable scale of engagement, with analytics revealing a staggering 160 million compute units within just 30 minutes post-launch, exceeding all expectations and highlighting the ShibArmy’s robust influence.
Amidst these challenges, the Shiba Inu team appealed for patience while actively collaborating with partners, including Unification, to bolster scalability efforts.
Their overarching objective remains steadfast: to advance towards perpetual decentralization. Community members were advised to disregard misinformation and rely solely on official updates provided through Shib.io for accurate information.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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