A developer of Shiba Inu (SHIB) suggested that Shibarium is almost finished & could be launched soon. A pseudonymous developer named Sytoshi Kusama suggested in a tweet on March 3, 2023, that they are in the last leg of finishing and launching the much-awaited layer 2 protocol Shibarium.
The much-anticipated Shibarium is a blockchain platform allowing users and developers to create unique use cases over the existing blockchain infrastructure. For instance, consider a blockchain Ethereum, with its native token ETH.
The blockchain allows the creation of desired smart contracts and programmable tokens used in the Initial Coin Offerings (ICOs) & Non-Fungible Tokens (NFTs). All these build the exciting infrastructure of Ethereum, which is also secured by the nodes on the Ethereum network.
Shibarium is specifically designed to facilitate a secure and transparent platform for creating digital assets and their exchange to serve as a cornerstone for developing various decentralized applications (dApps).
Higher and faster transaction speeds coupled with lower fees when compared with other blockchains. This makes it an ideal choice for businesses wanting to enter and use blockchain technology.
Further benefits of Shibarium include Security – as the blockchain claims to be secure and tamper-proof, making it ideal to be used for sensitive data; its Transparency allows better tracking of activities and transactions; its speed makes it quite efficient for processing. Also, the blockchain is cost-effectively helping businesses save some bucks along the way.
Shibarium’s launch has been in the news for quite some time. In February 2023, news broke that a beta version of Shibarium could be launched soon. Still, nothing happened. Developers also announced that people interested in using Shibarium need to buy Bone ShibaSwap (BONE) to be able to operate it. Also, reportedly, the project is designed to work the same way as other layer 2 scaling solutions, like Polygon (MATIC).
It was also seen that users are lining up for the “Join Shibarium” portal, which was launched on Sunday. The portal is believed to be an invitation for everyone who wishes to become a node validator in the ecosystem or build something on Web3. It also allows members to get their businesses into the SHIB ecosystem.
When writing, SHIB was trading at $0.00001132 with a slight drop of 0.56%. Its value against Bitcoin also suffered by 0.53% to 0.000000000506 BTC. Its market cap was corrected by 0.67% to $6.2 billion, and its volume dropped massively by 50.68% to $145 million. It is ranked 14 and enjoys a market dominance of 0.60%.
The current rate is down by 87.22% from its all-time high of $0.00008845, achieved on October 28, 2021. At the same time, it is up by 138496311.13% from its all-time low of $0.000000000082, which SHIB hit on September 1, 2020.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/03/05/shiba-inu-shib-developer-drops-big-clue-about-shibarium-launch/