Blockchain News

Shiba Inu Posts Details of Shibarium Ahead of L2’s ‘Imminent Launch’

The launch of the Shibarium testnet is on the near horizon. Shiba Inu developers published details on how the new Ethereum layer-2 blockchain will operate.

Information on Testnet, Validators, Gas, Etc.

Saying the launch of Shibarium is “imminent,” Shiba Inu developers have published details about how the Layer-2 blockchain will operate.

The blog post again confirms that $BONE will be the gas token for Shibarium, and that transactions will burn $SHIB. Developers also discuss the roles of the new blockchain’s Validators and Delegators and how they will be selected and rewarded with $BONE and the future TREAT token.

“Patience is key, and some see Shibarium as a price pumping tool, but that is not the project's focus and never has been. Shibarium is being built to fulfill Ryoshi's vision and provide the community with a tool to build and grow the project on their own terms,” according to the blog.

Shiba developers aren’t yet disclosing the anticipated gas fees on the Ethereum L2 or the expected Transactions Per Second.

Read the post for more details.

What is Shiba Token:

Shiba Token (SHIB) is home to the Shiba Inu Ecosystem, an interconnected family of digital assets and solutions built on the Ethereum blockchain. Its tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs NFTs. SHIB solutions include SHIB: The Metaverse and the ShibaSwap DEX. SHIB, a world-leading decentralized finance (DeFi) cryptocurrency, has gained popularity among millions of investors worldwide. It has 3.6 million Twitter followers and is frequently ranked as the third most searched project by Google. The Shibarium Layer 2 blockchain enables SHIB to provide increased scalability, security and innovation.

Where to find Shiba Inu:

Website | Twitter | Telegram | Discord

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