Tue Jan 17, 2023 ▪ 12:00 ▪
4
min read – from
Last December, Shytoshi Kusama said that the Shibarium launch will wait until after the holiday season. Now that the party is over, the team behind Shiba Inu announces the launch of the beta version of this long-awaited layer 2 blockchain.
Shibarium, the Shiba Inu revolution is underway
The ShibArmy must be enthusiastic. Indeed, after several months of waiting, and other innovations to compensate for the delay, such as the restyling of the Shiba Inu website, the Shibarium will finally see the light of day.
” Introduction to Shibarium: The Level 2 Shiba Inu Network – Rejoice ShibArmy! Shibarium Beta is about to be launched and through this article we want to introduce some basic concepts to bring clarity to the community. »
According to Decrypt, the developers of Shiba Inu announced last Sunday that the beta version of Shibarium is imminent. For the moment a precise date of this important event has not been given. The Shiba community, however, believes that the advent of Shibarium will raise the price of SHIB, up to 1 cent.
So the team behind Shiba has taken advantage of recent updates to shed some light on this:
” Patience is key and some see the Shibarium as a tool to raise prices, but that is not the goal of the project and never has been. »
This layer 2 blockchain actually aims to ” revolutionize the Shiba ecosystem “. This will materialize:
- remove entry barriers for small transactions;
- improve transaction speed;
- and the development of dApps and NFTs.
A new SHIB burning mechanism
The article dedicated to the presentation of Shibarium contains several details about this project. Among other things, we learned that:
- will be managed and protected by validators and delegates;
- will be raffling off rewards in the form of BONE, the current governance token for ShibaSwap;
- and will also introduce a new SHIB burning mechanism.
Here are the details from the team behind the Shiba Inu regarding this burn story:
” By implementing this feature, the burning of SHIB tokens per transaction will be reflected in the total token supply and we expect this to have a significant impact on the outstanding amount of SHIB supply over time. »
The L2 blockchain that is Shibarium will run under Ethereum, reassures Satoshi Kusama’s team. A revolution that blends perfectly with the spirit of Shiba Inu’s father, Ryoshi. To say that he has recently developed a new cryptocurrency called Dejitaru Tsuka (TSUKA).
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The blockchain and cryptocurrency revolution is underway! And the day the impacts are felt on this world’s most vulnerable economy, against all hope, I’ll say I have something to do with it.