Shiba Inu community should be hopeful of a boost in the network performance and scalability, as Shibarium, SHIB’s layer 2 scaling solution is expected to launch on the public testnet very soon.
Unification Foundation, a provider of blockchain solutions for enterprises, announced in a recent blog post that a public testnet of Shibarium will be released in no distant time.
The announcement reads as follows:
“In addition to the extensive Network, Protocol & new partnership developments discussed above, Unification Foundation is proud to continue development of Shibarium, the next prominent L2 in partnership with the Shib Army, enabling rapid low-cost transactions optimized for gaming.
“While the scale of the project doesn’t allow a definitive timeline to be released as of yet, the second version of Shibarium’s private testnet is live and under optimization across both teams with plans of a public testnet release to come very soon.”
Read Also: Shiba Inu (SHIB) Much Anticipated Announcement is Finally Unveiled By Founder Shytoshi Kusama
The scaling solution, Shibarium, was suggested by the creator of Shiba Inu (SHIB) Ryoshi. Screenshots of discussions in relation to the development, which took place on Discord, were shared on Twitter back in December 2021.
Although there is no timeline for the mainnet launch, the team said Shibarium cannot be silently rolled out. Some things that have to be done to aid the upgrade were also discussed.
Shiba Inu’s developers also noted that they will use Shibarium in place of ETH 2.0 upgrades that is expected to launch officially this year. Using a layer 2 scaling solution would greatly drop the fees of the network.
Additionally, it’s believed that Metaverse could benefit greatly from a scaling solution. So, the development under process should boost Shiba Inu’s Metaverse entrance ambition, pending the launch of Ethereum 2.0 as earlier mentioned.
Follow us on Twitter, Facebook, Telegram, and Google News
As one of the leading altcoins in the crypto market, Ethereum often sets the pace…
The demand for Bitcoin consultancy services is on the rise as people and businesses recognize…
As investors look for ways to get more returns with less risk, two options emerge;…
In a recent post on X, Panos Mekras, co-founder of Anodos Finance, expressed deep concern…
In the past 48 hours, XRP whales have accumulated over 150 million XRP tokens. This…
XRP is making headlines due to its increased trader accumulation and active addresses. Santiment reported…
![](data:image/svg+xml;charset=utf-8,<svg height="1063px" width="497px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
