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What is Shibarium?


 

The already extensive SHIB roadmap continues to grow with projects such as SHI B : The Metaverse and a Shiba Inu video game . However, the developers of the SHIB token want to use a new layer 2 solution in the future . Shibarium is about to launch.


What is Shibarium?

Shibarium is not intended to replace the Shiba Inu blockchain, but to expand the extensive project with another. “Ryoshi”, the until now unknown creator of the token, proposed the new Blockchain Layer 2 solution.


According to reports, the SHIB tokens will be migrated to the Layer 2 blockchain after the launch. This does not mean that Shibarium is its own blockchain, nor does it mean that a Shiba Inu 2.0 token is coming: Shiba Inu will remain connected to Ethereum.


What advantages does the Layer 2 solution offer?

In a blog post , a Unification developer announces that the development team is taking a big role in open source software development. Unification develops enterprise blockchain solutions that are ready to use, with predictable costs and execution speeds, so that they can be securely and efficiently integrated into existing business processes.


The article shows that inexpensive and fast transactions should be possible, which are primarily optimized for games. On the Shiba Discord , Shytoshi Kusama, the leader of the Shiba project, said that "Shibarium will offer low fees for every service, every game...."


As with other projects, the developers also want to integrate a kind of burning mechanism into the layer 2 blockchain to burn SHIB. It could also act as a bridge for other ecosystems, according to a Shibarium sneak peek .


The problem with excessive fees

High gas fees are one of Ethereum's biggest problems. Since Shiba relies on the Ethereum network, it also suffered from high gas prices. While Shiba's project leader, Shyoshi Kusama, praised the speed at which Shiboshi NFTs were selling late last year, there was negative reaction from within the Shiba community. At that time, users spent hundreds of euros in the form of fees and still could not buy any of the 10,000 much sought-after Shiboshi NFTs.


The unrest from the community finally moved the developers to work on a solution. On Twitter, Shytoshi Kusama personally responded to a disgruntled NFT buyer who spent $800 in fees alone just to purchase an NFT: "And that's why, old friend, we're working on Shibarium."


An official release date for Shibarium is yet to be announced, but it could be as early as mid-2022.


SHIB holders see the Unification mainnet upgrade , scheduled to launch in June, as a potential signal for Shibarium's launch soon to follow. Unification and xFund develop Shibarium. Your mainnet update could help ease the release of SHIB-Layer-2.


After development partner Unification stated that Shibarium is in alpha and will soon be publicly tested, Shiba developer Kaal Dhairya stated on Twitter that it would soon move into beta .

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