The Shiba Inu Layer 2 blockchain, Shibarium, has revived and started generating blocks again after being suspended for more than a day. After the launch of the Mainnet, the Shibarium network experienced a surprising amount of traffic and was closed to protect the economy.
Head Developer Shytoshi Kusama said, “The blockage reason, was due to high traffic causing the server to crash and it’s creating a risk to Fund security.”
The chain and the bridge are now both working properly, and Shibarium is ready to work normally again, confirmed by Shytoshi Kusama.
Shiba Inu’s Shibarium is planning to scale its server base and operations for handling high traffic. Shiba Inu’s also announced insurance coverage amounting to $2 million for any misfortune happening to fund holders.
SpaceX’s Bitcoin reported a confused statement. Wall Street Journal publishes that SpaceX sold $373 million worth of Bitcoin in 2021-2022. Several social media reports show that SpaceX had sold its entire Bitcoin holding.
But others say that they sell Bitcoins in 2021-2022 but the number is not that huge. Elon Maskes revealed that both his company Tesla and SpaceX have certain numbers of Bitcoin. Where Tesla provides the balance sheet publicly, and SpaceX’s Bitcoin balance sheet is not available till now. That’s why Confusion occurs.
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