TL;DR
- Shibarium, Shiba Inu’s layer-2 blockchain solution, faced an outage due to validator networking issues.
- Nonetheless, the team behind the meme coin resolved the problem and assured that the network is “running now.”
Shibarium Network Temporary Down
The Shiba Inu project’s layer-2 blockchain solution, named Shibarium, experienced a short interruption due to complications between the validators in their network. SHIB developer Kaal Dhairya announced this issue and mentioned that it was swiftly addressed.
The network is operational once again, however, certain services such as Shibariumscan and external RPCs may still be unavailable until specific actions are taken. For external teams working on Shibarium’s infrastructure, including RPC, please contact us so we can coordinate communication through shared Telegram or Slack channels.
The new UI upgrade for Shibarium was rolled out by its developers, who proudly announced it as being “swifter, more fluid, and more inclusive than before.” Additionally, they enhanced the platform’s compatibility with widely-used self-custody wallets such as MetaMask, Coinbase Wallet, and Trust Wallet.
If you are curious to learn more about Shibarium, feel free to check our dedicated video below:
SHIB Price Outlook
Despite a brief interruption in Shibarium’s operations, the cost of Shiba Inu continued climbing. At present, it is priced approximately at $0.00002709, reflecting a 1% rise relative to the previous day’s value.
Over the weekend, the meme coin stood out as one of the top-performing cryptocurrencies, achieving substantial growth in the double digits.
As CryptoPotato recently reported, SHIB might be on the verge of a significant bull run due to some important factors. Such examples are the asset’s burn rate spike, the whales’ activity, and the Bitcoin halving.
A few days ago, an occurrence took place that historically signals the start of a significant rally for the digital asset market. Many industry insiders anticipate similar events in the upcoming months.
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2024-04-22 14:24