Unification Foundation Archives - Times Tabloid https://timestabloid.com/tag/unification-foundation/ Cryptocurrency and Blockchain Tabs Fri, 11 Feb 2022 04:57:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Unification Foundation Archives - Times Tabloid https://timestabloid.com/tag/unification-foundation/ 32 32 Shibarium, Shiba Inu (SHIB) Layer 2 Scaling Solution Will Launch on Public Testnet Very Soon https://timestabloid.com/shibarium-shiba-inu-shib-layer-2-scaling-solution-will-launch-on-public-testnet-very-soon/ Tue, 08 Feb 2022 06:11:00 +0000 https://timestabloid.com/?p=2797 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 […]

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]]> 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.

Read Also: SHIB Developer Shares Updates on Shibarium, the Shiba Inu Layer 2 Scaling Solution, Hints Big Surprise for Early 2022

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

When Will Shibarium Launch on the Mainnet?

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.

Courtesy of Twitter

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.

Read Also: Top 1,000 Ethereum Whales Now Hold 51.6 Trillion SHIB worth $1.48 Billion as Users Exceed 1.145 Million

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.

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The post Shibarium, Shiba Inu (SHIB) Layer 2 Scaling Solution Will Launch on Public Testnet Very Soon appeared first on Times Tabloid.

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