Shiba Inu Inventor Announces The News! – Cryptokoin.com

Puppynet, the beta test of Shibarium, the highly anticipated layer-2 solution of the popular meme coin Shiba Inu (SHIB) ecosystem, has gone live. Shiba Inu lead developer, Shytoshi Kusama, has announced that, amid anticipation, the Shibarium Early Open Beta Test is now live.

Shiba Inu lead developer announces Puppynet

Amid great anticipation for the Shibarium beta launch, Shiba Inu lead developer Shytoshi Kusama has announced that the beta test is now live. The developer said that a decentralized layer 2 network is sorely needed to facilitate a large, global and decentralized community. Introducing the beta test, the developer said that Shibarium Network’s early beta test will be called ‘Puppynet’. The update comes at a time when the crypto market is worried about the liquidity effects around the USDC stablecoin, which could lead to more than $1 worth of drop.

Shytoshi Kusama reiterated that Shibarium is designed as a layer 2 Blockchain that allows building Decentralized Applications (DApps). Layer 2 Blockchain also allows for integrating real-life businesses and power projects with it. cryptocoin.com As we previously reported, the Shibarium network is said to be a low-cost solution that also burns SHIB tokens in the process. In the last week of February 2023, Kusama introduced the Join Shibarium portal, which allows for an intake system for the community.

Shibarium Beta platform

The beta version interface includes network statistics, validator information and information about staking functionality. Kusama made the announcement on a blog and said:

Well, today we’re starting early Beta Testing of the Shibarium Network, which we call PUPPYNET!

Meanwhile, the Shiba Inu price (SHIB) has yet to show clear signs of impact from the beta announcement. This is likely due to market volatility as USDC lost its peg after the collapse of Sillicon Valley Bank. At press time, the Shiba Inu (SHIB) was trading at $0.00001027, gaining 1% on a daily basis.

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