Shiba Inu Prepares to Reopen Shibarium to the Public After a Challenging Launch
Shiba Inu’s Shibarium Set to Reopen
According to key developer Shytoshi Kusama, Shiba Inu developers are making efforts to reopen the Shibarium network to the general public, following a recent blog post.
Kusama stated that the development team is closely monitoring validator data and transactions, days after the initial Shibarium launch experienced issues with a faulty bridge and transaction problems.
Kusama also mentioned that Shibarium is close to being reopened and that the team has implemented measures to prevent a similar outage to what occurred last week. Kusama said:
“After two days of testing and adjusting parameters to ensure a ‘ready’ state, Shibarium has now been enhanced and optimized. It is still undergoing testing but is producing blocks. Moreover, we have implemented a new monitoring system and introduced additional fail-safes, such as rate limiting at the RPC level and automatic server reset in case we experience another surge in traffic.”
Shiba Inu’s Shibarium is an Ethereum layer-2 network that uses SHIB tokens for fees. The launch of Shibarium aims to solidify Shiba Inu’s position as one of the top blockchain projects worldwide.
Shibarium’s Emphasis on Metaverse and Gaming Applications
The Shibarium blockchain is expected to primarily focus on metaverse and gaming applications, while also offering reduced costs for DeFi platforms built on top of it.
Prior to the flawed launch last week, Shibarium underwent a highly successful testing phase, with millions of wallets participating in the testnet and conducting over 2 million transactions over a four-month period.
However, the launch encountered bridging issues, causing transactions on the network to stall for hours after its deployment and trapping millions of dollars on a bridge.
During this time, the native token of Shiba Inu, SHIB, experienced a loss of over 20% of its value within a week, with the current price standing at $0.00000798.
At the time, developers stated that there were no issues with the bridge, and the delays were a result of an unprecedented surge in transaction volume from users.
The developers claimed that the servers were unable to handle the massive influx of transactions on the network.