Shibarium had problems with Ethereum’s bridge and block creation soon after its release.
The history of Shibarium is intrinsically linked to its goal of solving scalability problems.
Investors have taken notice of a significant achievement by the Shibarium Network, a Layer-2 blockchain. ShibariumScan reports that the SHIB network has achieved 1 million blocks, marking a major milestone for the SHIB ecosystem as a whole.
The need for effective and scalable solutions is also brought to light. The path to 1 million blocks was not easy. Shibarium had problems with Ethereum’s bridge and block creation soon after its release. This was all caused by an unanticipated spike in demand. That flooded a single block with data and forced the network into “fail-safe mode.”
Solving Scalability Issues
However, the Shibarium team’s tenacity and commitment ultimately paid off. Layer-2 was successfully rebuilt after a few weeks of hard labor. And it has since confirmed 1 million blocks with an outstanding average block time of under 5 seconds.
The history of Shibarium is intrinsically linked to its goal of solving scalability problems. When it comes to decentralized apps (DApps) and decentralized finance (DeFi) systems, Ethereum, the second biggest crypto by market cap, has been hindered by network congestion and high gas costs.
Shibarium is a Layer-2 solution that operates on top of the Ethereum blockchain to provide a more efficient and scalable alternative. This method is appealing to individuals who want to overcome Ethereum’s constraints because of its emphasis on delivering quicker transaction processing at lower costs.