Fun

News Feed - 2023-08-18 06:08:02

Amaka Nwaokocha14 hours agoShiba Inu’s Shibarium Network resumes block production after brief pauseThe Shiba Inu project has opted to secure insurance coverage amounting to $2 million to address potential fund retrieval challenges upon the restart of Shibarium.17851 Total views39 Total sharesListen to article 0:00NewsJoin us on social networksShiba Inu’s layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause.


As per Shibariumscan.io block explorer, Shiba Inu’s layer-2 blockchain, Shibarium, has reactivated and is generating blocks. The Shibarium network entered a fail-safe mode and paused operations to safeguard funds due to unexpectedly high traffic after the mainnet launch.


Lead developer Shytoshi Kusama verified that elevated blockchain traffic led to certain challenges, saying that fund security remains intact. He asserted that both the bridge and the chain are functioning smoothly and Shibarium is poised for a swift restart.Screenshot of restarted block production. Source: Shibariumscan.io


In an official blog post dated Aug. 18, Shiba Inu developer Kaal Dhairya outlined plans for scaling operations to accommodate substantial traffic on Shibarium. The team will also provide regular updates on the status of the Shibarium network, a fork of Polygon, he said.“In fact, as we slowly and carefully investigated where the problem exactly took place and found thousands upon thousands of contract creation and normal transactions IN ONE BLOCK.”


Furthermore, the Shiba Inu project has opted to secure insurance coverage amounting to $2 million to address potential fund retrieval challenges upon the restart of Shibarium. Following this announcement, block production resumed on the network as the team maintains vigilant oversight.


Nonetheless, the ShibArmy community expresses apprehension over spreading fear, uncertainty and doubt (FUD) that negatively impacts the project. Members of the community are positive and have shown support for the network’s efforts in working on the transaction pause.


Related:Shibarium executive issues strong warning about exploitation risks


Large holders and traders have offloaded their Shiba Inu (SHIB), BONE and LEASH tokens, with the spread of FUD prompting significant divestment of their major holdings. Despite this, prices are rebounding following the reactivation of Shibarium, even in the face of a broader crypto market sell-off.


Over the last day, SHIB’s value dropped by 11%, presently standing at $0.0000082. Its range within the past 24 hours fluctuated between a low of $0.0000076 and a high of $0.0000093. Simultaneously, BONE’s price has slid by 15%, settling at $1.18, while LEASH is currently at $430, marking a 5% decline in the same timeframe.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Deposit risk: What do crypto exchanges really do with your money?# Blockchain# Cryptocurrencies# Security# Tokens# DeFi# Shiba InuAdd reactionAdd reactionRead moreHow to send and receive payments on the Lightning NetworkWhat is Feedzai, and how is it used to detect financial fraud?What is Chapter 11 bankruptcy? Understand the basics

News Feed

Ezra Reguerra7 minutes agoSingapore central bank says three business days is ‘timely transfer’ for stablecoinsRedemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five bus
Biggest Movers: ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises
Biggest Movers: ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was t
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response The U.S. Office of the Director of National Intelligence has admitted t
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets
Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coi
Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
ADA On Fire: Cardano 80% Surge Sparks 1,700% Bullish Forecast
Este artículo también está disponible en español. Renowned for its emphasis on sustainability and scalability, the blockchain platform Cardano has seen a notable increase
Bitcoin Price May Test $7,750 as Selling Pressure Grows
View Bitcoin’s bearish daily candle close (UTC) on October 16 has increased the likelihood of further price drops. The monthly chart has similarities to that of November 2018 when volumes favored a bullish outlook,
Cointelegraph9 hours agoZkDay conference and Pitch competition comes to Istanbul on Nov. 13ZkDay Istanbul is all set for Nov. 13! The event marks the continuation of the premier zero knowledge-focused community conferenc
Marcel Pechman4 hours agoUS gov’t debt downgraded — Huge news for Bitcoin?Cointelegraph analyst and writer Marcel Pechman explains why the downgrading of U.S. government debt will negatively impact the price of Bitco
Major Latin American University Launches Specialization Featuring Crypto-Related Topics
Major Latin American University Launches Specialization Featuring Crypto-Related Topics One of the biggest and most laureate universities in Latin America approv
Cryptocurrency Futures and Prediction Markets Show Trump Wins the US 2020 Election
Cryptocurrency Futures and Prediction Markets Show Trump Wins the US 2020 Election In less than 270 days the United States will have its 2020 election and millions of people worl
B2BinPay’s New Partnership With the Athletic Club Is a Triumph for Both Sports and FinTech
B2BinPay"s New Partnership With the Athletic Club Is a Triumph for Both Sports and FinTech press release PRESS RELEASE. B2BinPay has unveiled that they are now an official sponsor