Kusama

Bone ShibaSwap

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Shiba Inu

<div class="cryptonews"> 
 <p class="is-style-lead">Shiba Inu’s layer-2 solution, Shibarium, is now functional after the network faced technical issues following its <a rel="dofollow" title="initial" href="https://thebittimes.com/tag/initial.html">initial</a> launch.&nbsp;</p> 
 <p>In a scaling final update published on Aug. 28, Shytoshi Kusama, Shiba Inu’s lead developer, revealed that the Shibarium mainnet is “live and operating well.” Community members received an announcement enthusiastically.&nbsp;</p> 
 <p>According to Kusama, bridge withdrawals were also reopened, stating that the withdrawal timeframe for tokens such as SHIB, LEASH, and wrapped ether (wETH) was designed to be 45 minutes to three hours, while Bone ShibaSwap (BONE) could take up to seven days.&nbsp;</p> 
 <div class="cn-block-related-link"> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Shiba Inu devs unveil Shibarium scaling plans amid technical challenges 
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 <p>The latest development comes after Shibarium experienced some challenges upon launch, with $1.7 million worth of ETH stuck on the bridge. A screenshot of Kusama allegedly stated that the ETH tokens could not be recovered from the Shibarium bridge, causing a stir among community members.</p> 
 <p>However, the lead developer dispelled the rumors, stating that the issues were not from Shibarium, but were a result of a “massive influx of transactions and users.” Kusama further asked users to give the team time to scale the chain, while stating that funds were safe. Since then, the developer has provided various updates, releasing a fourth scaling update on Aug. 22.</p> 
 <p>Kusama also appreciated the Polygon team’s support during the Shibarium incident.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“Quickly after the incident began, I called Sandeep from Polygon directly, and without a second thought, he helped provide additional resources to ensure a perfect outcome to the situation. And that is why our pivot to fork Polygon was the correct one.”</p> <cite>Shytoshi Kusama in Shibarium blog post</cite>
 </blockquote> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Shiba Inu burn rate soars despite Shibarium concerns 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-s-shibarium-reemerges-after-initial-setbacks-tbt60649.html">https://thebittimes.com/shiba-inu-s-shibarium-reemerges-after-initial-setbacks-tbt60649.html</a></p>

Shiba Inu’s Shibarium reemerges after initial setbacks

TheBitTimes

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