BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Shibarium Scaling Progress: First Update

by BlockNews Team
September 28, 2023
in Crypto, Media, Social
A A
Shiba Inu Token Burn Rate Drops Significantly Despite Efforts from SHIB Army
1
SHARES
Share on TwitterShare on Reddit
  • Shibarium paused transfers due to an influx of traffic.
  • The L2 has resumed operations.

Shibarium has encountered a surge in traffic, referred to as “compute units,” that has prompted the need to scale its operations. The platform’s popularity led to an unexpected influx of users, resulting in a rapid response from its team to accommodate the heightened demand. Shibarium has released its first official update on the ongoing scaling efforts as part of its commitment to transparency.

Good morning, #SHIBARMY Have you caught up with our latest Shibarium update on our blog? If not, here’s your chance: https://t.co/l1fIZfMrf8 #Shibarium

— Shib (@Shibtoken) August 18, 2023
Via @Shibtoken – X

System Safeguard Measures

As a response to the unexpected surge, Shibarium’s system implemented a built-in fail-safe mode to ensure the security of user funds. This proactive measure effectively paused operations and transactions, allowing the platform’s team to assess the situation and take appropriate actions.

The platform has affirmed that the funds temporarily “paused” within the bridge remain secure. Moreover, as a gesture of commitment to its user community, Shibarium has chosen to insure the total amount of $2 million, offering an additional layer of protection in the case of any unforeseen issues following the resumption of operations.

Conclusion

Shibarium’s scaling initiatives mark a significant step in its journey to accommodate its growing user base. With collaboration, transparency, and user security at the forefront, the platform aims to emerge from this challenge with enhanced capabilities to meet the evolving demands of its vibrant community.

Tags: L2Shibarium
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

SHIB Whales Move Big as Holders Sit on Profits
Crypto

SHIB Whales Move Big as Holders Sit on Profits

June 1, 2025
Cardano Slips Below Key Support as Traders Brace for More Volatility
Cardano

Cardano Slips Below Key Support as Traders Brace for More Volatility

June 1, 2025
SOL’s Stealthy Recovery: Is Solana Ready to Break Out of Its Consolidation?
Crypto

SOL’s Stealthy Recovery: Is Solana Ready to Break Out of Its Consolidation?

June 1, 2025
BNB Bulls Eye Breakout As Momentum Builds—But Resistance Still Looms
Binance BNB

BNB Bulls Eye Breakout As Momentum Builds—But Resistance Still Looms

June 1, 2025
Ethereum’s Bullish Signal Reawakens Hope
Crypto

Ethereum’s Bullish Signal Reawakens Hope

June 1, 2025
How High Can Bitcoin Go in 2025?
Bitcoin

How High Can Bitcoin Go in 2025?

June 1, 2025
Load More

Related News

SHIB Whales Move Big as Holders Sit on Profits

SHIB Whales Move Big as Holders Sit on Profits

June 1, 2025
Cardano Slips Below Key Support as Traders Brace for More Volatility

Cardano Slips Below Key Support as Traders Brace for More Volatility

June 1, 2025
SOL’s Stealthy Recovery: Is Solana Ready to Break Out of Its Consolidation?

SOL’s Stealthy Recovery: Is Solana Ready to Break Out of Its Consolidation?

June 1, 2025
BNB Bulls Eye Breakout As Momentum Builds—But Resistance Still Looms

BNB Bulls Eye Breakout As Momentum Builds—But Resistance Still Looms

June 1, 2025
Ethereum’s Bullish Signal Reawakens Hope

Ethereum’s Bullish Signal Reawakens Hope

June 1, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.