TL; DR
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Last week, everyone was eager to try out Shibarium – which led to the blockchain becoming overwhelmed and switching to fail-safe mode.
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The good news is, it’s all fixed now.
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And within 24 hours of Shibarium’s relaunch, more than 100,000 wallets completed more than 420,000 successful transactions.
Full story
You know that moment of ‘social overwhelm’ that you will see toddlers experience during Christmas lunch?
One too many pinches on the cheek from one too many half-hearted aunts → the child gets scared → cries → leave the room altogether.
That’s pretty much what happened recently with the launch of Shibarium, the layer 2 blockchain on Ethereum that is supposedly even cheaper and faster than Polygon.
Everyone was eager to try it out, and soon thousands and thousands of transactions were trying to go through at the same time – leading to the blockchain becoming overwhelmed and going into fail-safe mode.
As a result, $2.5 million was left in limbo. Not quite the results fans of the token were hoping for…
The good news is, it’s all fixed now.
SHIB’s Shytoshi Kusama got help from none other than Sandeep Nagelwalco-founder of Polygon Labs, who helped solve everything.
And within 24 hours of Shibarium’s relaunch, more than 100,000 wallets completed more than 420,000 successful transactions.
That’s not so shabby!
Not that shabby at all.