In massive news for the popular memecoin ecosystem, the Shiba Inu team has officially launched their proprietary Shibarium blockchain.
The new layer 2 blockchain is now live, representing a monumental achievement for the formerly Ethereum-based Shiba Inu token. Shibarium will allow for faster and cheaper SHIB transactions, reducing gas fees by up to 90% compared to Ethereum.
What you'll learn 👉
What is Shibarium?
Shibarium is a sharding-based layer 2 solution built on top of Ethereum. It acts as a high-speed settlement layer that batch-processes transactions, bypassing Ethereum’s scaling limitations.
Faster, cheaper SHIB transactions improve its utility for payments/transactions.
Shibarium gives the project more independence and flexibility.
Reduced minting fees will enable new Shiba ecosystem NFT projects.
Lower transaction costs should significantly increase
SHIB trading volumes and user activity.
In summary, the launch of Shibarium represents a monumental achievement for Shiba Inu. With its proprietary blockchain now live, SHIB is poised to boost its real-world utility and potentially emerge as the top dogecoin alternative its community has long envisioned.
The crypto world will be closely monitoring the performance and adoption of Shibarium following this breaking development for the SHIB ecosystem.
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