In a recent blog post, the Shiba Inu team teased the launch of Shibarium, stating that a beta version is nearing release. The post, published on the official Shibarium website, asked for patience from the community.
The Shiba Inu team emphasized the importance of understanding that the ultimate goal of Shibarium is to fulfill the vision of its founder, Ryoshi, and to develop the necessary means for the community to actively participate in the growth and development of the project.
The blog post explained that the team behind Shibarium is tirelessly working to create the tools and resources that will empower the community to take ownership of the project and shape it according to their unique needs and goals.
This approach aligns with Ryoshi’s vision to build a decentralized platform where users have complete control over their digital assets and how they are used.
Shibarium is an innovative decentralized finance (DeFi) platform that will operate on the Ethereum blockchain’s layer 2, providing numerous benefits to users.
This cutting-edge technology addresses the scalability challenges that have plagued the blockchain ecosystem, enabling faster transaction processing times, lower transaction fees, and an expanded development framework.
With the emergence of Web3 applications, such as blockchain gaming and the Metaverse, the need for a more efficient and cost-effective blockchain solution has become increasingly pressing.
Traditional blockchain networks have struggled to keep pace with the demands of these new use cases, often resulting in high costs and slow transaction speeds. Shibarium aims to change this by leveraging layer two scaling solutions to overcome these limitations, making it a perfect fit for the burgeoning DeFi ecosystem.
Additionally, the native currency of the Shibarium ecosystem is called the BONE token. As the native currency of Shibarium, BONE will be used for various essential functions, including paying for gas fees associated with transactions on the network, rewarding validators and delegators for their contributions, and for governance purposes.
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