The Unification Foundation, a provider of blockchain solutions for businesses, in a recent Medium blog post, Shiba Inu (SHIB) announced that a public testnet of Shibarium, a layer-2 scaling solution for
shibariumAlthough the second version of ‘s private testnet has already been launched, this test was conducted in a closed manner.
Developer Eric M. shared a tweet last December with the note that Shibarium “cannot be brought down silently,” adding that there are some things that need to be done. Prior to that, he had assured the community that the much-anticipated scaling solution would be launched soon.
The Shiba Inu developers did not specify a definite timeline for the project as they did not “guarantee success”. This inevitably raised some concerns that the release of Shibarium would continue to be delayed “indefinitely”.
Since Shiba Inu is an ERC-20 token built on the Ethereum blockchain, the high unaffordable gas fees have become a major problem for many newcomers. That’s why many people think that Shibarium is the premier dog-themed show, given that transactions will potentially become much faster and cheaper. meme coin expects it to be a game changer for someone. So the Shiba Inu will be optimized for the game.
At press time, a single transaction in Ethereum costs 86 gwei ($4.29), which is a major hurdle for adoption in its broader slice.
The founder of the Shiba Inu token, nicknamed Ryoshi, announced that Bone ShibaSwap (BONE) will be used as Shibarium’s primary dual token.
They also emphasized that the layer-2 solution will adhere to the principles of decentralization, making it clear that there will be no single source of failure.
Shiba Inu developers also plan to develop an algorithmic stablecoin called SHI that will run on both Ethereum and Shibarium.
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