Shiba Inu Developers Reveal First Look of Layer 2 Blockchain Shibarium

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Shiba Inu Developers Reveal First Look of Layer 2 Blockchain Shibarium
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The move could further bolster the fundamentals of Shiba Inu’s three ecosystem tokens: shiba inu (SHIB), leash (LEASH) and bone (BONE), which together command over $5 billion in market capitalization. By shauryamalwa

Upcoming layer 2 network Shibarium will soon join the ever-growing fray of Ethereum-based blockchains, such as Arbitum and Optimism, looking to solve the problems of scalability, speed and expense.

Layer 2 refers to a set of off-chain solutions built on top of layer 1s that reduce bottlenecks with scaling and data. These bundle multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load and fees.

The move could further bolster the fundamentals of Shiba Inu’s three ecosystem tokens: shiba inu , leash and bone , which together command over $5 billion in market capitalization. The number of validators are limited to 100 slots. Validators are also required to stake a minimum of 10,000 BONE and all rewards will be paid in BONE. “The onboarding of these Validators will be done taking into account the experience, trust, knowledge and ensuring that these validators are committed to the health and integrity of Shibarium,” developers said.

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