- Shibarium experiences an overwhelming influx of user activity, pushing it into a fail-safe mode.
- Despite rumors, Shibarium reassures the community by insuring $2 million of the “paused” funds.
Addressing the Massive Influx
Greetings to the Shibarium community! It’s no secret that the unexpected surge in Shibarium’s user base took us by storm. Not just any storm—this was a thunderous downpour of “compute units” reaching millions in an instant. To provide a clearer picture, imagine thousands of contract creations and transactions all squeezed into a single block of data. It was this overwhelming activity that triggered the self-protective mechanisms of our platform, leading Shibarium—essentially a version derived from Polygon—to hit the pause button, ensuring the safety of user funds.
— Shib (@Shibtoken) August 18, 2023
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Navigating Through Challenges
In light of these challenges, we’ve mobilized our resources swiftly. Calling upon industry stalwarts (names to be disclosed later, with consent) to stand with our in-house Shibarium developers and the Unification team. The goal? To upscale our blockchain to accommodate our rapidly expanding user family. Rest assured, our experts are hard at work brainstorming multiple courses of action, and we’re committed to keeping you abreast of our progress.
Dispelling Rumors and Rebuilding Trust
Today’s digital age, unfortunately, brings with it the susceptibility to misleading information. A fabricated screenshot surfaced, misleading many and causing unnecessary panic. It’s disheartening to see even reputable news sources fall for such deceptive tactics. To our users, a piece of advice: always refer to official channels for accurate information. In the age of misinformation, even major media outlets aren’t immune to errors, especially when relying on social media sources.
In our commitment to transparency and fostering trust, we’d like to emphatically state that funds currently “on hold” within the platform are secure—or “safu” as our community fondly says. Demonstrating our unwavering confidence in this assurance, we’ve opted to insure the entire amount—$2 million—to safeguard against any unforeseen issues once Shibarium is back in action.
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