There has been a significant development for the popular meme coin Shiba Inu (SHIB). The platform announced on Monday that the expected launch of Shiba Inu’s Layer-2 Blockchain Shibarium Beta is almost about to begin. Here are the details…
Shba Inu (SHIB) team Shibarium broke the news
The official Twitter account of Shibarium Blockchain introduced some key concepts about Shibarium to the Shiba Inu community prior to its launch. Shibarium Network, the official Twitter account of Shibarium Blockchain, revealed in a tweet on Jan. 16 that preparation for the launch of the Shibarium Beta is almost complete. The Shiba Inu community will soon have a Shibarium.
🍖 Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to provide clarity to the community.
Read more: https://t.co/mvV5iw54Ts
— Shibarium Network (@ShibariumNet) January 15, 2023
Official accounts of the Shiba Inu ecosystem and core developer Shytoshi Kusama are hinting at the launch of Shibarium in early 2023. The Shiba Inu team explained some key concepts about the Shibarium Blockchain and its launch in an official blog. While no deadline has been announced for the Shibarium Beta launch, the team said, “We are getting close to the finishing touches for the Beta launch of Shibarium.”
Shibarium’s layer-2 Blockchain will solve the problem of scalability and performance limitations of existing Blockchain’s networks. SHIB ecosystem tokens SHIB, LEASH and BONE will be the only tokens required for Shibarium. With the development of Web3, the metaverse will have advantages in NFTs, dApps and games. Validators will increase security by locking BONE tokens and running Heimdall Validator and Bor block generator nodes.
SHIB tokens will be burned
cryptocoin.com As we reported, BONE will remain the only token chosen to pay for gas transactions and reward validators within the Shibarium protocol. Also, all transactions on the Shibarium network will burn more SHIB tokens, which will greatly reduce the circulating supply of SHIB. Finally, users can access Shibarium’s test tokens through private testnet portals, although they have not yet been officially distributed. Lead Shiba Inu developer Shytoshi Kusama has repeatedly stated that the launch of Shibarium will take place in the near future.
prices rose
The price of the Shiba Inu (SHIB) has risen about 6 percent in the last 24 hours and over 20 percent in the last 7 days. Currently, the price is trading at $0.00001079. 24-hour lows and highs are $0.00000985 and $0.00001099, respectively. Meanwhile, the Bone ShibaSwap (BONE) price has skyrocketed over 15 percent in the last 24 hours. BONE price is currently trading at $1.33 after hitting a 24-hour high of $1.42.
