The Shibarium protocol was released this week on Wednesday in Toronto, Canada at the BlockChain Futurist Conference. However, a few hours after its operation began, many investors claimed that their assets were held back and the value of the SHIB, LEASH and BONE went down. The operations have kicked off once again
The Shibarium Protocol Returns
A few hours after its launch, the Shibarium protocol started malfunctioning as few assets were being held back onto it. According to Shytoshi Kusama, founder of the Shiba Inu token, the protocol was meant to work with 400,000 compute units in a month and on that day, 160,000 compute units had already been used up within the first hour.
The founder was not expecting this and as a result, the protocol was put on hold. Shytoshi has now confirmed that the protocol is back on track and new blocks have started being produced. The protocol was on the fail-safe mode setting to ensure that all the money held within the protocol was safe.
Kaal Dhairya has also stated that scaling mechanisms will be deployed to ensure Shibarium gets all the support it needs to fully thrive. Investors can expect updates on the Shibarium status going forward. 2 million dollars has been invested in the insurance of the protocol in the event that the assets are failed to be recovered. Shibarium resumed operations shortly after the announcement was made.
The Value Of SHIB, LEASH And BONE After The Announcement
Shiba Inu is currently operating at 0.0000082$. Bone is on the way with a trading value of 1.18 $. The statistics are in line with Coingape’s Reports.