Tue, January 17, 2023 ▪ 12:00 ▪
min. read – by
Last December, Shitoshi Kusama said that Shibarium’s launch would be delayed until the end of the holiday season. Now that the feast is over, the Shiba Inu team is announcing the launch of the beta version of this highly anticipated layer 2 blockchain.
Shibarium, the Shiba Inu revolution in full swing
ShibArmy must be delighted. Indeed, after months of waiting and other innovations meant to make up for the delay, such as the conversion of the Shiba Inu site, the Shibarium will finally see the light of day.
Shibarium Beta Coming Soon
“An Introduction to the Shibarium: Level 2 Shiba Inu Network – ShibArmy Rejoice!” The Shibarium beta is about to start and in this article we want to introduce some basic concepts to bring clarity to the community. »
According to Decrypt, Shiba Inu developers announced last Sunday that a Shibarium beta is imminent. The exact date of this major event has not yet been announced. However, the shiba community believes that the advent of the shibarium will raise the price of SHIB to 1 cent.
So the Shiba team took advantage of the latest updates to shed some light on this:
“Patience is the key to success, and some see the shibarium as a price gouging tool, but that is not the goal of the project and never has been. »
This layer 2 blockchain effectively aims to “revolutionize the Shiba ecosystem.” This will be implemented:
- removal of entry barriers to small transactions;
- increase the speed of transactions;
- and development of dApps and NFTs.
New SHIB Write Mechanism
In the article dedicated to the presentation of Shibarium, there are a few details about this project. Among other things, we learned that:
- it will be managed and maintained by validators and delegates;
- he will be rewarded with BONE, the current governance token for ShibaSwap;
- and a new SHIB recording mechanism will also be introduced.
Here are the details of this burn story from the team behind the Shiba Inu:
“With the implementation of this feature, SHIB token burns per transaction will be reflected in the total supply of tokens, and we expect this to have a significant impact on the outstanding supply of SHIB over time. »
Blockchain L2, which is Shibarium, will work under Ethereum, the team of Satoshi Kusama assures. A revolution that fits perfectly with the spirit of Shiba Inu’s father, Ryoshi. To say that he recently developed a new cryptocurrency called Dejitaru Tsuka (TSUKA).
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Blockchain and crypto revolution is in full swing! And on the day when the blows are felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it.