A beta version of Shiba Inu’s (SHIB) highly anticipated layer-2 scaling solution Shibarium is officially live.
The pseudonymous developer in charge of the project, Shytoshi Kusama, says his team has flipped the switch and early beta testers can now use the testnet.
However, he warns crypto traders that tokens on the testnet, which has been labeled the Puppynet, are not in any way investments.
“For the TLDR people, this is an open early beta test so go ahead, you can access it now here! Shibarium official RPC website is available here.
All tokens on Puppynet are NOT REAL. Don’t spend you’re hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills.”
Shibarium is an Ethereum-based layer-2 blockchain similar to Polygon (MATIC).
It’s designed to allow developers to create fast, inexpensive and highly scalable applications.
The project was first announced in May of 2021 and has been in steady development ever since.
Once the beta test is complete, the platform will spawn a new ecosystem of custom tokens that can be traded using Bone ShibaSwap (BONE) to pay for gas.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Sergey Nivens/Nikelser Kate
Source: https://dailyhodl.com/2023/03/11/shiba-inus-highly-anticipated-shibarium-officially-launches-in-beta-form-heres-how-to-test-the-ethereum-scaling-protocol/