Key Points:
The lead developer, Shytoshi Kusama, has reaffirmed that user funds remain secure and emphasized the absence of any concerns related to the network’s bridge or chain.
To bolster its infrastructure against surging demand, the development team outlines ambitious plans to expand operations and accommodate substantial traffic volumes. Timely updates on the network’s operational status will be communicated regularly.
This positive development comes on the heels of a recent market downturn for SHIB, BONE, and LEASH tokens, attributed to fear, uncertainty, and doubt (FUD); however, market sentiment regained traction following the network’s revival.
Kusama had previously acknowledged that the blockchain had encountered challenges due to overwhelming traffic yet assured the safety of deposited funds. He reiterated the absence of issues about the bridge or chain and expressed optimism regarding the swift restoration.
Shibariumscan.io, a block explorer, reported the restoration of Shiba Inu’s layer-2 blockchain briefly before experiencing intermittent issues. The last block created was at 7:39:59 AM UTC.
An automatic fail-safe mode was triggered to safeguard funds as traffic outpaced expectations post mainnet launch.
With block production resumed and vigilant chain monitoring underway, the community remains cautiously optimistic. ShibArmy, an ardent supporter base, remains vigilant against the detrimental impact of unwarranted FUD, dedicated to safeguarding the project’s integrity and prospects.
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.
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
Willemstad, Curaçao, 4th November 2024, Chainwire
London, UK, 4th November 2024, Chainwire
November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…
This website uses cookies.