The Shiba Inu developers are making progress towards a Shibarium network reopening, days after a much-hyped launch was marred by network issues and a faulty bridge. According to Shytoshi Kusama, the project’s key developer, the network is almost ready to reopen to the public and has mechanisms in place to prevent a repeat of the outage. After two days of testing and tweaking parameters to achieve ‘ready’ state Shibarium is now enhanced and optimized, Kusama said. Moreover, we have enabled a new monitoring system and additional fail-safes including rate limiting at the RPC level and auto server reset in case we get a huge level of traffic again.
Shibarium is an Ethereum layer-2 network that uses SHIB tokens as fees, with a focus on metaverse and gaming applications, as well as a cheap settlement for DeFi applications. During the testing period, millions of wallets participated and conducted some 22 million transactions over a four-month period. However, the launch was quickly derailed due to an influx of transactions from users that overloaded the servers. Developers responded to the outage, claiming that there was no bridge issue and that the problem was caused by the high volume of transactions.
Now that the errors are fixed, developers are allowing validators to start taking initial steps for the reopening. Tomorrow additional validators will go live, giving even more options for you to stake BONE for a share of the rewards, Kusama said in an update. Testing will wrap up, and we will prepare for public consumption once again. SHIB prices have dropped 4.3% in the past 24 hours, according to CoinGecko data.