Shibarium Public Beta to launch soon revealed by Shiba Inu
Shiba Inu revealed information regarding its new platform on its Twitter account a few days back. In the Tweet, it announced that its new platform Shibarium Public Beta is going to launch soon, most probably this week.
Shiba Inu is a meme-inspired cryptocurrency and it gained popularity back in 2020. Recently the Shiba Inu ecosystem has been working on expanding and improving its services by keeping the user benefits at the top of their minds. They designed a new platform by the name SHibarium Public Beta.
This platform will provide The SHIB community with several benefits. The SHIB users will get the advantage of faster and cheaper transactions, improved scalability, and better security by serving as a Layer-2 solution. Before the launch, the Shiba Inu team is working on testing and developing the Shibarium Public Beta version.
This version is merely for testing purposes and is not intended for commercial use yet. The team further cautioned the community to be aware of any scammers who might try and exploit the launch in their favor.
Despite gaining publicity there is a long way that SHIB still has to cover. The SHIB community is cheering the launch of this new platform Shibarium Public Beta. They consider it an essential and beneficial advancement for Shiba Inu. The community anticipates a raise in SHIB adoption the community and holds its ground as a leading cryptocurrency.
Shibarium aims to help developers create fast, cheap, and scalable applications and establish a new ecosystem of custom tokens. In addition, they can trade the tokens for gas via Bone ShibaSwap (BONE). The upcoming launch of the Shibarium platform has also contributed substantially to raising the price of BONE by 11% in a day which was $1.72 at the time of press.
Can Shibarium Public Beta surge the Shiba Inu adoption?
The Metaverse built on the top of Shiba Inu is one of its most compelling projects. However, there are many other projects being developed on the Shibarium protocol. Which might lead to a raise in SHIB adoption in the near future.
What makes Metaverse so special to the community is that this project has given a new purpose to the SHIB tokens. Users with virtual land plots will be able to pay in SHIB tokens to rename. Burning it will also reduce the supply.
The Shibarium platform will allow users to customize their tokens. This will substantially increase transaction speed and lower the cost of gas in the Shiba Inu ecosystem.
“It’ll allow us to grow Shibarium’s reach with professional companies, and allow us to reset our relationships with businesses that we’ve connected to in the past. Finally, it’ll help us find the right validators,”Shytoshi Kusama the lead developer at Shiba Inu stated in a blogpost from last month