The much-anticipated introduction of the Shibarium protocol disappointed the Shib army since transactions froze shortly after the mainnet launch, falling short of the fanfare. Because the team fell short of everyone’s expectations, FUD (Fear, Uncertainty, and Doubt) has been spreading across the ecosystem. But to allay these fears, the development team has revealed the causes of the unanticipated setback.
Reasons behind Shibarium’s slow start
The Layer 2 scaling solution recorded a far larger number of early users than anticipated, according to the report from the Shiba Inu developers. The team described how thousands of transactions were fused into one block after the millions of “Compute Units” it had first recorded, sending the entire system into “fail safe” mode.
According to the development team, fail safe mode was activated to assist safeguard user cash that are kept on-chain. Knowing what went wrong, the developers stated that they have enlisted the assistance of a more knowledgeable team to work on a speedy remedy for the protocol and that they would provide more updates as soon as they become available.
The team discussed false narratives that were circulating in its community that bad actors were attempting to undermine its system by deploying bots. The team said that, for everyone’s protection, it has insured the money that is still on the bridge up to a $2 million limit.
Team’s blame
Since the beginning of the protocol, the Shib army has developed a reputation for being extremely aggressive and enthusiastic about the meme coin and its long-term goals. Despite this, a lot of backers feel that the platform might have done a better job in the beginning, especially in light of the fact that other L2s on Ethereum, such as Arbitrum, Optimism, and Polygon zkEVM, among others, almost generated more attention at the beginning.
The group has been given another chance, and as was predicted, the public is encouraging the developers to go make a difference.
