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TL;DR
On Wednesday, Shibarium (the crew behind the SHIB token) launched their model spankin’ new Ethereum Layer-2 (L2) blockchain.
Downside is, following the Shibarium launch, when customers have tried to port their funds from Ethereum to the L2, it hasn’t labored.
As a substitute of proudly owning the problem, pausing transactions and determining repair it, yesterday Shibarium launched a weblog titled “Shibarium: ALL IS WELL.”
The Web3 area is all about belief. Lose belief on day 2 and it may take a looong time to get well…If in any respect.
Full Story
Shedding belief on day 2 of a product launch ain’t nice.
However that’s precisely what’s occurred for Shibarium.
Right here’s what we all know to date:
On Wednesday, Shibarium (the crew behind the SHIB token) launched their model spankin’ new Ethereum Layer-2 (L2) blockchain.
The intention being to supply an L2 on Ethereum that’s even cheaper and sooner than Polygon (one other L2 on Ethereum), whereas shedding the fame they’ve as merely the creators of a ‘meme coin.’
(Sounds nice in idea).
Downside is, they’ve obtained themselves a brand new fame (which instantly makes ‘creators of a meme coin’ sparkle compared).
Following the Shibarium launch, when customers have tried to port their funds from Ethereum to the L2, it hasn’t labored.
As of this writing roughly $2.5M in funds are caught between the 2 networks.
Which sucks, however the story doesn’t finish there.
As a substitute of proudly owning the problem, pausing transactions and determining repair it, yesterday Shibarium launched a weblog titled “Shibarium: ALL IS WELL.”
In it they mentioned the one cause it’s down is due to the “Insane site visitors” being pushed to Shibarium.
However crypto Twitter sleuths produce other concepts…
We’re not crypto Twitter sleuths, and we’re not a part of the ‘ShibArmy.’
What we all know for positive is: the Web3 area is all about belief. Lose belief on day 2 and it may take a looong time to get well.
If in any respect.
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