The highly anticipated Ethereum-based Layer 2 solution of Shiba Inu, one of the biggest known meme coins, is now live with the Shibarium Beta test.
Shiba Inu L2 Solution Shibarium is Live!
Shibarium, a very significant development for the Shiba Inu ecosystem, was an update that many users were waiting for. In an article on this subject in the past months, we talked about the benefits and functioning of Shibarium. If you want to review the article, you can access it here.
After a long wait, the beta test was announced on Twitter by Shytoshi Kusama, lead developer of Shiba Inu.
About Beta Test
The beta test will be launched through a network called PUPPYNET. There are some things that users who will participate in the beta test should pay attention to. The things to pay attention to are as follows:
- Burned SHIB tokens are linked to txn’s in the network. Also, all burned tokens can be instantly viewed by users in a tab called the burn portal.
- None of the tokens on PUPPYNET are real and are for testing purposes only. Therefore, you should not purchase any tokens.
Users who want to become validators for the beta test should wait for the documentation to be released next week.
Benefits of Shibarium
Shibarium is a layer 2 solution for the Shiba ecosystem. It was first introduced in 2021 and has been in development ever since. The Layer 2 solution will be used for token transactions in the Shiba ecosystem.
It will reduce the load on the Ethereum network and maximize scalability. Users will also benefit from faster transactions and lower fees. One of the most significant benefits of Shibarium is the possibility of burning millions of SHIB tokens. This is very good news for all Shiba users.
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