Dark

Read

Security

Shiba Inu

<ul> 
 <li>The launch of Shibarium came with some technical bridging errors.&nbsp;</li> 
 <li>An experienced crypto developer says the issue is not as bad as it seems.</li> 
 <li>In times of uncertainty, the developer provides reasonable hope to anxious crypto traders.</li> 
</ul> 
<p>The Shiba Inu community is celebrating the <a href="https://cryptonewsland.com/shibarium-goes-live-shiba-inu-and-shib-army-await-new-ath/" target="_blank" rel="noopener noreferrer nofollow">launch of the long-awaited mainnet launch, Shibarium</a>. Unfortunately, the launch was tainted by some tragic bridging issues. Presently, many crypto traders are waiting on their crypto assets which seem to be stuck when bridging to <a href="https://www.shib.io/" target="_blank" rel="noopener noreferrer nofollow">Shibarium</a>.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> <a class="twitter-timeline" data-width="640" data-height="960" data-dnt="true" href="https://twitter.com/CryptoLeadDev?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">Tweets by CryptoLeadDev</a> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>This tragic move led to some panic and discord among the crypto community. Amidst growing rage and anticlimactic disappointment, many took to dissing the Shiba Inu developers.&nbsp;</p> 
<h3 class="wp-block-heading" id="h-light-of-hope-after-a-dark-start">Light of Hope After a Dark Start</h3> 
<p>Meanwhile, a professional software engineer and crypto, NFT, and smart contract developer in the Web3 space shared his opinion on the matter. Specifically, he says the situation is not as dire as it seems.</p> 
<p>He begins by drawing light to token recovery feasibility. According to this developer, Shibarium developers should have the ability to recover tokens due to the nature of certain bridges.&nbsp;</p> 
<p>In particular, he says some bridges utilize a ‘vault’ as an intermediary storage to hold tokens during the transfer process. These vaults are usually accessible to developers, providing them with the means to manually move tokens if needed.</p> 
<p>In addition, he talks about buffering tokens for transfer. In scenarios where a bridge employs a vault, tokens temporarily stuck during transfers are likely stored in this buffer. The manual intervention of developers can facilitate the movement of tokens from the vault, potentially resolving the issue.</p> 
<p>Also, he says, if a bridge lacks a vault, the complexity increases as tokens are directly minted/burned on either side of the chains. However, it appears that minting $ETH tokens might not be feasible in this case, suggesting that the situation might not be as complicated.</p> 
<p>Despite needing manual work from developers, he suggests that the tokens are likely retrievable from a vault, making the situation resolvable. Overall, the developer makes it clear that he has not looked at Shibarium’s coding.</p> 
<p>However, he states that the assertion he makes is based on his experience with coding bridges, particularly in the <a href="https://cryptonewsland.com/shiba-inus-double-triumph-shibariums-ssi-and-binances-embrace/" target="_blank" rel="noopener noreferrer nofollow">context of token transfer between Ethereum and Binance</a>. Thus, It’s important to note that this perspective stems from his understanding of the mechanisms involved and is not a direct assessment of the #Shibarium bridge’s code.</p> 
<p>As the community continues to monitor the developments regarding the #Shibarium $BONE $SHIB $ETH bridge insights like these help shed light on potential solutions and contribute to a broader understanding of the issue’s severity.</p> 
<p>Please note that this analysis is based on the opinion of one developer and his experience in coding bridges. The situation’s specifics may vary and require further examination of the involved smart contracts.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/xrp-community-benefits-first-as-uphold-integrates-with-xrpl/" rel="noopener noreferrer nofollow">XRP Community Benefits First as Uphold Integrates With XRPL</a></li> 
 <li><a href="https://cryptonewsland.com/lsdfi-addresses-withdrawal-glitch-funds-secure-amid-suspected-security-risk/" rel="noopener noreferrer nofollow">LSDfi Addresses Withdrawal Glitch: Funds Secure Amid Suspected Security Risk</a></li> 
 <li><a href="https://cryptonewsland.com/700k-funds-siphoned-from-bnb-chain-based-defi-protocol/" rel="noopener noreferrer nofollow">$700K Funds Siphoned From BNB Chain-Based DeFi Protocol</a></li> 
 <li><a href="https://cryptonewsland.com/ready-set-test-shibarium-beta-bridge-is-now-open/" rel="noopener noreferrer nofollow">Ready, Set, Test: Shibarium Beta Bridge is Now Open</a></li> 
 <li><a href="https://cryptonewsland.com/why-xrp-acting-as-a-bridge-currency/" rel="noopener noreferrer nofollow">Why XRP Acting as a Bridge Currency Could Trigger Massive Price Growth</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/crypto-dev-expert-says-shibarium-launch-bridging-issues-is-not-dire/">Crypto Dev Expert Says Shibarium Launch Bridging Issues Is Not Dire</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Crypto Dev Expert Says Shibarium Launch Bridging Issues Is Not Dire

Table of Contents

Crypto News Land

Other articles published on Aug 17, 2023

$27 Trillion in Assets Managed by Companies Embrace Cryptocurrency, Reports CoinShares’ Chief Str...

Shiba Inu Shibarium Faces Technical Issues Just Hours After Launch

FD CAPITAL Investor Day “Chains Beyond Borders”

99-year-old artist sold her NFT collection for $1.2 million

BitGo valued at $1.75b after $100m funding round

Ethereum Classic Price Prediction 2024-2030: Will ETC Price Cross $25 In 2024?

Join our free newsletter for daily crypto updates!