Shibarium Launches Beta Mode with BONE Governance Token
It is reported that Bone ShibaSwap (BONE) confirmed on Twitter that Shibarium, the Shiba Inu Layer2 network, will be launched in beta mode next week. It is rep…
It is reported that Bone ShibaSwap (BONE) confirmed on Twitter that Shibarium, the Shiba Inu Layer2 network, will be launched in beta mode next week. It is reported that Shibarium’s design is similar to other Layer2 expansion solutions, such as Polygon (MATIC), which aims to solve the scalability, speed and cost problems in Ethereum, and its ecological token BONE will be used to pay the gas cost. Shibarium will focus on the metauniverse and game applications, and the launch of this project may contribute to the development of the Shiba Inu ecosystem. The Shibarium expansion solution will use BONE as its governance token, and all gas costs in the ecosystem will be paid in BONE.
The test version of the Layer2 network Shibarium based on Ethereum will be launched next week
Interpretation of the news:
Shibarium, the Layer2 network for Shiba Inu, is set to launch in beta mode next week. This expansion solution aims to provide a solution to the scalability, speed and cost problems in the Ethereum network, similar to Polygon (MATIC). Its design is expected to focus on the metauniverse and game applications.
The announcement was made on Twitter by Bone ShibaSwap, confirming that the ecological token BONE will be used to pay gas costs in the Shibarium ecosystem. BONE will also serve as the governance token in the ecosystem, giving holders a say in decision-making processes.
The launch of Shibarium is expected to contribute to the development of the Shiba Inu ecosystem, creating an opportunity for scalable and cost-efficient transactions. The use of BONE as the governance token will encourage its wider adoption as its use and value is reflected on more use cases.
The move towards Layer2 networks has become a popular solution to the problems associated with the Ethereum network. This is because it helps in reducing congestion and increasing the speed of transactions. The aim of Shibarium is to provide this solution, making it possible for developers to create and host decentralized applications with low cost gas fees. This creates an avenue for the Shiba Inu ecosystem to thrive, leveraging on providing solutions to challenges in the blockchain space.
In conclusion, Shibarium’s launch in beta mode with the governance token BONE is a step towards creating a sustainable and scalable solution in the Shiba Inu ecosystem. The focus on metauniverse and game applications will provide new opportunities for developers to incorporate the technology into various use cases. The adoption of Layer2 networks will bring possibilities for innovation in the blockchain space, introducing features such as scalability and reduced transaction fees.
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