Image Credits: CryptoAvanza
Shiba Inu’s Shibarium network, which operates as a secondary layer for transactions, has successfully restarted its block production after a temporary pause that lasted nearly an entire day.
During this time, the Shibarium blockchain, as confirmed by the explorer Shibariumscan.io, went offline but is now back up and actively creating new blocks.
The reason for this brief interruption was unexpected, a sudden and significant increase in network activity right after the main net launch. In response, the network implemented a fail-safe mode to safeguard user funds.
The lead developer, Shytoshi Kusama, emphasized that even though the surge in blockchain activity posed challenges, the security of users’ funds remained intact.
Both the bridge (a link between different blockchains) and the chain (Shibarium’s blockchain) are functioning smoothly, and Kusama is confident in the network’s seamless restart.
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Kaal Dhairya, a Shiba Inu developer, detailed the project’s approach to handling the unexpected traffic surge in a recent blog post dated August 18th. The plan involves expanding the network’s capacity to accommodate higher activity levels. Regular updates about the network’s status will be communicated to users.
It’s important to note that Shibarium is built upon the Polygon blockchain network.
To ensure a secure restart, the Shiba Inu project proactively acquired $2 million worth of insurance coverage, which would help mitigate challenges related to fund retrieval.
This proactive step reassured the community, leading to the resumption of block production on the network.
The development team continues to closely monitor the network’s performance to ensure its smooth operation.
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Despite these positive steps, some members of the ShibArmy community have expressed concerns about potential negative rumors and uncertainty, which could impact the project’s reputation. Nonetheless, the majority of community members remain positive and supportive of the network’s efforts to address the brief transaction pause.
In terms of price movement, Shiba Inu’s token (SHIB) has shown fluctuations in the last 24 hours, ranging from a low of $0.0000076 to a high of $0.0000093.
In the same time frame, the price of BONE has decreased by 15% to $1.18, while LEASH has seen a 5% drop, currently valued at $430.
