A Shiba Inu lead developer, Kaal Dhairya, has shared an update on Shibarium scaling with steps to safeguard users’ assets on hold in the bridge. In a blog post today, Dhairya shared the initial details of Shibarium’s scaling.
Shibarium Issues Identified
Dhairya explained that Shibarium, an offshoot of the Ethereum L2 scaling solution called Polygon, switched to a secure mode due to a surge in traffic, recording millions of compute units in mere minutes.
Read Also: Shibarium Halts Producing Blocks Again, Whales Dumping SHIB And BONE
The Shibarium developers delved into the matter and pinpointed the source of the issues. A single block had countless user-generated contracts and standard transactions.
To address this, Shiba Inu reached out to prominent blockchain developers for assistance, joining forces with Shibarium’s developers and the Unification team. Dhairya has committed to unveiling these collaborating developers’ identities soon.
Response To Misinformation
Dhairya also tackled the misinformation (FUD) about the project, initiated by certain ill-intentioned parties. This misleading campaign circulated a counterfeit screenshot falsely claiming that Shytoshi Kusama, the main Shiba Inu developer, conceded that user funds were gone and couldn’t be retrieved.
Dhairya expressed his dismay, stating this fake image severely harmed the team and expressed disbelief that major media outlets fell for this deception.
He is currently evaluating the extent of this misinformation’s impact and intends to collaborate with team X (Twitter) to pinpoint the instigator to ensure they’re held accountable.
Dhairya emphasized, “Such attacks upon our system by bad actors will not be tolerated.”
Read Also: 357 Million SHIB Burned in Last 24 Hours, As Shiba Inu Welcomes Shibarium Mainnet
Ensuring the Safety of Funds
Highlighting the safety of the assets, Dhairya confirmed that all funds temporarily held in the Shibarium Bridge are secure. In addition, the Shiba Inu team will guarantee these funds, amounting to $2 million.
This assurance will serve as a safety net for users if any issues arise after Shibarium’s recommencement. Furthermore, an additional update on Shibarium scaling will be provided by the chief developer tomorrow.
Kusama Reaffirms Shibarium’s Stability
The problems investors experienced with Shibarium became a focal discussion point. It’s important to remember that investors voiced concerns due to their inability to tap into the bridge funds on Shibarium.
However, Kusama refuted any claims of issues with the Shibarium Bridge. He clarified that the technical hiccups resulted from an unexpected surge of users, not from Shibarium’s side.
Supporting his statement, Kusama provided data on Shibarium’s activities shortly after its launch. Remarkably, over 160 million compute units were recorded in just half an hour.
Read Also: Shiba Inu Investor Amasses $514,000 Profits from BONE Amid Shibarium Hype. Here’s how
These figures surpassed the team’s forecasts, which had provisioned 400 million units monthly from Alchemy. Within a quarter of an hour, users had deposited a staggering 1000 ETHs and 600,000 BONE tokens.
Kusama advised the user community to remain patient and let the team work on enhancing the system to restore Shibarium’s functionality.
Shibarium Is Back Online
After encountering some hitches, Shibarium is now operational again and, at the time of this report, has recommenced block production. The team announced via @army_shiba on X, saying “#Shibarium is working fine.”
Further, @ringoshiToitsu says “Blocks are being produced and #Shibarium is back online. Thank you @UnificationUND, @Shibtoken, & anyone else who helped.”
Follow us on Twitter, Facebook, Telegram, and Google News
