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Shibarium is going to undergo major surgery, and the public chain will be "suspended" for two weeks.
What is the cause? The team wants to upgrade the RPC node architecture and eliminate the old public endpoints. Why? Because too many users and applications are crowded onto a few nodes, creating a centralization pit - once hackers break through, they can collapse the entire network.
This is a reflection after the wave of security incidents in September this year. At that time, someone hacked into the validator key and nearly controlled the consensus by using 4.6 million BONE tokens. Although they ultimately failed, it did expose issues.
The current response plan includes:
- Validator blacklist system, quickly isolate compromised nodes
- Plasma bridge has a 7-day withdrawal delay to give the team time to respond.
The good news is that the user activity on Shibarium is quite high:
- 30,000+ deployed smart contracts
- 272 million wallet addresses have interacted.
- An average of 8400 transactions per day
- Over 4.69 million transfers of BONE tokens
Although this upgrade will temporarily affect the experience, in the long run, it is laying the foundation for decentralization. It is somewhat like upgrading from centralized data centers to distributed nodes - the temporary pain is exchanged for real robustness.