Shiba Inu launches Shibarium portal

The Shiba Inu project has launched a portal for the long-awaited Shibarium solution, and also delighted its enthusiasts with upbeat news such as a listing on Binance.US.

Shibarium portal opened

The Shiba Inu project continues to demonstrate the seriousness of its intentions to expand the ecosystem. The project team published news that members of the Shiba Inu community have long been waiting for. On February 26, the developers launched the Shibarium portal, a layer 2 scaling solution.

As Shytoshi Kusama, the anonymous chief developer of Shiba Inu, proclaimed on Twitter, February 26 was “the first day of our later life on Shibarium”:

The Shiba team invited all stakers to become validators or otherwise collaborate with the project. She also detailed in her blog accession process to Shibarium. Completing the questionnaire, Kusama explained, is not mandatory, but would help in building the ecosystem.

Now the next steps will be the release of the technical documentation, updating the information on Wikipedia and the early release of the beta version. As Kusama commented, the proposed system of joining Shibarium “will allow you to build a community to find the best projects, connect them with each other and with those who can help… reach out to professional companies and reset relationships with companies that we have been associated with in the past. This will help us attract the right validators.”

“Not for profit, but for the benefit”

In January, Shiba Inu developers announced the imminent launch of the Shibarium beta version, which the SHIB community has been waiting for since the end of last year. The solution should potentially significantly reduce the cost of transactions and ensure their high speed, as well as provide opportunities for creating decentralized applications (dApps) and integrating non-fungible tokens (NFTs).

As a result, a decrease in the cost of commissions can give a tangible impetus to the growth of the popularity of the SHIB token. However, the developers themselves argued that the new solution should provide the community with tools for developing the ecosystem, and not become a catalyst for increasing the price of the token.

Meanwhile, the SHIB rate is showing positive intraday dynamics today. Initially, the exchange rate of BONE, the controlling Shiba DAO token, which will be used to pay for transactions on the network and reward validators and delegators in Shibarium, also reacted positively to the news. However, at the moment it has rolled back and is trading in the red intraday zone.

In addition to working on Shibarium, the ecosystem has other good news. So, recently the trading platform Binance.US reported about its support for the SHIB token. According to the official announcement, since February 25, full trading of the SHIB/USD pair has become available on the platform.

In addition, recently Binance and Ingenico announced a partnership that listed SHIB as a payment option for the Ingenico platform.


Source: Cryptocurrency

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