Shiba Inu Devs to launch Shibarium L2 Network Beta

While the developers didn’t give a definite date for the release, the team reiterated that their solution to all questions relating to the time span is “soon.”

The developers of the dog-themed token Shiba Inu presented an update on inform its community about its upcoming beta release of Shibarium — a layer-2 network that will run on top of the Ethereum mainnet.

In the declaration, SHIB developers shared information about layer-2 blockchains. They featured that Shibarium is being created to give a tool to allow the community to construct and develop the project and satisfy its founder’s vision. While some believe creating Shibarium is a method for increasing the memecoins price, the developers noted that this wasn’t the objective. They composed:

All things considered, the developers mentioned that the goal of the new update in its infrastructure is to “revolutionize the Shiba ecosystem” by removing boundaries to passage for little transactions, redesigning the speed, allowing the development of decentralized applications and integrating nonfungible tokens.

A key update in the new declaration is one of the most-mentioned features for the project, which is a burning system for SHIB. According to the developers, “all transactions on the network will have a certain consume amount for SHIB token.” This system will happen at whatever point a transaction is made inside the network.
While the developers didn’t give a definite date for the release, the team reiterated that their response to all questions relating to the time span is “soon.”

Members of the Shiba Inu community communicated their excitement over the new development. A believe there are numerous things to anticipate in the ecosystem’s future, while others are only delighted to peruse a new update on the project.

On Nov. 22, 2022, SHIB developer Shytoshi Kusama reported on social media that the World Economic Forum (WEF) welcomed the project to collaborate on creating a global strategy on the metaverse. The developer highlighted that if it comes to completion, the project will work with other tech giants like Facebook and Decentraland in assisting the WEF with fostering the approach.