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Shiba Inu's much-anticipated Shibarium network, a layer-2 solution built on Ethereum, is gearing up for a fresh launch after encountering initial setbacks. The developers are diligently addressing the issues that plagued its debut, with hopes of a smoother second attempt.
Network Improvement Efforts Underway
Following a problematic launch that left the network stalled and funds trapped on a bridge, Shiba Inu's lead developer, Shytoshi Kusama, has provided an update on the project's progress.
Kusama revealed that the team has been diligently working to optimize the network, stating,
"After two days of testing and tweaking parameters to achieve 'ready' state Shibarium is now enhanced and optimized."
This involved the implementation of fail-safe measures to prevent a recurrence of the previous outage.
To bolster Shibarium's stability, the development team has introduced a series of further safeguards, including rate limiting at the RPC (Remote Procedure Call) level and an automatic server reset mechanism. These measures are expected to counteract the impact of sudden surges in traffic, which contributed to the network's initial troubles.
Testing Success and Initial Hiccups
During its testing phase, Shibarium demonstrated its potential by facilitating an impressive 22 million transactions across millions of wallets over four months.
However, the official launch encountered severe disruptions. The network suffered an 11-hour transaction stall, leaving funds stranded due to an overload triggered by an unexpected influx of transactions. As reported by blockchain security firm PeckShield, around $1.7 million worth of ETH was stuck in the Shibarium Bridge as a result of the network failure.
The development team clarified that the launch failure was not due to a bridge issue, as initially speculated. Instead, the network was overwhelmed by an unprecedented surge in user transactions, causing server failures. The influx of transactions far exceeded the servers' capacity to process them efficiently.
Steps Toward Redemption
The network has been temporarily closed to the public as the team focuses on resolving the underlying issues. Validators responsible for processing network transactions are now being gradually onboarded to pave the way for the network's reopening. This controlled approach aims to ensure a smoother experience upon relaunch.
Shytoshi Kusama's recent update indicates that Shibarium's comeback is on the horizon. Additional validators are poised to join the network, expanding its operational capacity. However, the incident had a short-term impact on SHIB token prices, with a 4.3% drop in the past 24 hours, according to CoinGecko data.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.