Shiba Inu Developer Launches Shibarium L2 Network Beta

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2023-01-16 06:23:40

Although the developers did not give an exact release date, the team reiterated that their answers to all questions regarding the timeframe are “soon”.

Shibarium layer2 will be a potential project to promote the whole Shiba platform

The development team of the token informs the community about the upcoming beta release of Shibarium – a layer 2 network that will run on the Ethereum mainnet.

In the announcement, SHIB developers shared information about the layer 2 blockchain. They emphasized that Shibarium is being developed to provide a tool that allows the community to build and develop projects and execute them. founder’s vision. While some believe that the creation of Shibarium is a way to increase the price of memecoins, the developers note that this is not the goal.

“Patience is key and some see Shibarium as a price pump, but that was not the focus of the project and never has been.”

Instead, the developers mentioned that the goal of the new update in its infrastructure is to “revolutionize the Shiba ecosystem” by removing barriers to entry for transactions. small, upgrade speed, enable the development of decentralized applications, and integrate non-fungible tokens.

An important update in the new announcement is one of the most requested features for the project, which is the burning mechanism for SHIB. According to the developers, “all transactions on the network will have an implicit burn amount for SHIB tokens.” This mechanism will happen whenever a transaction is made in the network.

Although the developers did not give an exact release date, the team reiterated that their answers to all questions regarding the timeframe are “soon”.

Members of the Shiba Inu community expressed excitement at the new development. Some believe that there is much to look forward to in the future of the ecosystem, while others are just excited to read a new update on the project.

On November 22, 2022, SHIB developer Shytoshi Kusama announced on social media that the World Economic Forum (WEF) invited the project to collaborate to create a global policy on the metaverse. The developer emphasized that if it comes to fruition, the project will work with other tech giants like Facebook and Decentraland to help WEF develop the policy.

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