- Shibarium Network announced the introduction of Shiba Inu’s Layer 2 network.
- The Shiba Inu Layer 2 network is based on the Ethereum blockchain.
- Shibarium’s Layer 2 blockchain technologies are applicable to a wide range of sectors.
Shibarium Network introduces Shiba Inu’s Layer 2 network. Shibarium is on its journey to become a robust Layer 2 blockchain, and the Shiba Ecosystem is in its transitional phase. Shibarium’s layer 2 is a collaborative blockchain that scales the decentralized finance space and welcomes solutions, creativity, and reliability. This network (L2) is built on top of the Ethereum blockchain, which is used by the SHIB ecosystem currencies.
On January 16, 2023, via Twitter, they informed the public that Shibarium Beta was going to be released, and they wanted to convey some fundamental principles to the audience in order to offer clarification. SHIB’s mission has always been to encourage new crypto customers and enlighten them on the process of building a project from the bottom up. Development needs time and funds not just to construct but also to assure that everything is safe.
🍖 Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to provide clarity to the community.— Shibarium Network (@ShibariumNet) January 15, 2023
Read more: https://t.co/mvV5iw54Ts
Shibarium’s Layer 2 blockchain protocols may be used in a variety of industries, including the metaverse, web3 innovation, and gaming. This is largely due to the shared scalability and performance constraints of existing public blockchains.
Shibarium is being developed to realize and empower the community with tools to construct and develop the initiative on their own terms. With the upcoming Network release, they encourage everyone to read this post and become acquainted with the principles before experimenting.
This program intends to enlighten and teach the Shiba group, both seasoned and new to the idea of blockchain and layers, about how our future Layer 2 will work. They intend to provide a user-friendly and welcoming experience for everybody at the moment of release by grasping essential principles ahead of time.
Their objective is that when the testnet is released, their network will have a clear knowledge of the core ideas while also answering some of the most frequently asked concerns in recent months about how the introduction of Shibarium Beta will operate and what can be anticipated from it.