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Will the Shiba Inu chain come before the Ethereum 2.0 upgrade?

 


According to a Shiba Inu developer, Shibarium, a Layer 2 blockchain independent of Ethereum , could be released “soon”.


The Shiba Inu Coin is currently an ERC-20 token on the Ethereum chain, but its own Shiba Inu chain could soon come onto the market. And possibly even before the Ethereum 2.0 upgrade appears.


Shiba Inu developer: We don't need ETH 2.0

As early as May 2021 , the Shiba Inu developer RYOSHI commented on Shibarium, a layer 2 solution for the Ethereum network, but which in principle should also be its own chain. In a blog post he described the difference between (s) a Layer 2 solution and your own chain as “pretty small” and explained that the development team is already working on the decentralized Shibarium. He wrote:


“Who will develop the (Shibarium)? Well, I've already spoken to a very knowledgeable blockchain team that has agreed to build this system for the Shiba ecosystem and fully decentralize it. [...] There can never be a single source of error or just an “admin” - it must always be given to the Shiba god of decentralization. "


On December 19, 2021 are screenshots Developer Erik M . surfaced, according to the Shibarium will appear “soon”. However, the screenshots do not show a specific date for the launch of the SHIB Chain. However, the SHIB Army wants to announce the start as soon as possible.


Erik M. also said that Shibarium will be an essentially independent chain from Ethereum . He also believes the new Shiba Inu Chain will appear before Ethereum 2.0:


"There is no connection between ETH 2.0 and our L2", Shibarium will definitely come faster than ETH 2.0. We don't need ETH 2.0. "


Will the Shiba chain come before Ethereum 2.0?

The Shiba Inu ecosystem , which, according to NFTs, a million dollar community, games and rumors, will soon even have its own metaverse , would benefit greatly from cheap, highly scalable transactions. The new Shiba Inu chain should remain completely decentralized compared to Ethereum . In addition, the so-called “bones” are said to be the currency of Shibarium . These should be distributed as evenly as possible so that a few whales do not get too much influence from the start.


Currently, the high Ethereum transaction fees also affect the Shiba Inu network. Should the Shib Army bring its own, inexpensive and scalable chain onto the market before the ETH - 2.0 upgrade , then numerous new projects could be carried out on this and existing ones migrated from the Ethereum chain . The Ethereum 2.0 upgrade has been postponed to the end of 2022 , and the introduction of sharding technology could delay the implementation of the ETH 2.0 upgrade even further. If Erik M. was right, we could see the new Shib chain in the coming year.


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