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Home»Crypto News Flash»The Shibarium public beta network, the SHIB layer 2 scaling solution, will be released soon

The Shibarium public beta network, the SHIB layer 2 scaling solution, will be released soon

Crypto News Flash February 8, 2022
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On February 8th, according to the official Medium blog of Unification Foundation, an enterprise blockchain solution provider, the public testnet of Shibarium, a layer-two scaling solution for SHIB, will be released soon, but ShibaInu developers have not yet given any information for the project. With a clear timetable, the second version of the Shibarium private test network has been launched.

Since ShibaInu is an ERC-20 token on top of the Ethereum blockchain, many newcomers cannot afford high gas fees, so many community members hope that Shibarium can become a game changer and launch a layer-2 scaling solution as soon as possible.

Additionally, ShibaInu developers also revealed that they are planning to develop an algorithmic stablecoin called SHI, which will run on Ethereum and Shibarium.

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