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Home CRYPTO

Shibarium Scaling Progress: First Update

BlockNews Team by BlockNews Team
September 28, 2023
in CRYPTO, MEDIA, SOCIAL
Reading Time: 2 mins read
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  • 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.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: L2Shibarium
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