ShibArmy

Kusama

Momentum

Million

Shiba Inu

Shiba Inu’s layer-2 Shibarium network has successfully resumed block production after a temporary suspension of transactions that lasted nearly a full day. 
The block explorer Shibariumscan.io confirms that the layer-2 blockchain, Shibarium, is back online and actively generating blocks. 
The pause in operations was triggered by an unexpected surge in traffic shortly after the mainnet launch, which prompted the network to activate a fail-safe mode to protect user funds. 
Lead developer Shytoshi Kusama has reassured the community that despite the challenges posed by the heightened blockchain traffic, the security of funds remains uncompromised. 
Both the bridge and the chain are reported to be functioning seamlessly, and Kusama is optimistic about a smooth restart for Shibarium. 
A recent blog post by Shiba Inu developer Kaal Dhairya, dated August 18th, has outlined the project’s strategy to address the surge in traffic. 
Plans include scaling operations to accommodate the increased activity on Shibarium. Regular updates on the network’s status will be provided to users. 
It’s worth noting that Shibarium is built on the foundation of Polygon, a blockchain network. 
The Shiba Inu project has taken proactive steps to ensure a safe restart. 
READ MORE: <a href="https://www.cryptointelligence.co.uk/coinbases-stand-with-crypto-alliance-gains-momentum-amidst-lawmaker-engagement-push/" rel="noopener noreferrer nofollow">Coinbase’s ‘Stand with Crypto Alliance’ Gains Momentum Amidst Lawmaker Engagement Push</a> 
They have secured insurance coverage worth $2 million to mitigate any potential challenges related to fund retrieval. 
This announcement has instilled confidence in the community, leading to the resumption of block production on the network. 
The development team is maintaining vigilant oversight to monitor the network’s performance. 
Despite these positive developments, the ShibArmy community has expressed concerns about the spread of fear, uncertainty, and doubt (FUD), which can have a negative impact on the project’s reputation. 
Nevertheless, community members remain optimistic and supportive of the network’s efforts to address the temporary transaction pause. 
In terms of price movements, Shiba Inu (SHIB) has shown fluctuation within the past 24 hours, with a trading range spanning from a low of $0.0000076 to a high of $0.0000093. 
Concurrently, the price of BONE has experienced a 15% decline, settling at $1.18, while LEASH has seen a 5% drop in the same timeframe, currently valued at $430. 
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Shiba Inu’s Shibarium Network Restarts Block Production After Temporary Pause

Crypto Intelligence

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