A bridge for the upcoming Shiba Inu-based layer 2 blockchain Shibarium is live for public testing ahead of an expected August launch. By shauryamalwa
, according to chief developer Shytoshi Kusama. Each transfer is expected to take a maximum of up to 30 minutes and, as of Friday, real assets were not supported.
"Layer 2" refers to a set of off-chain systems – separate blockchains – built on top of layer 1 protocols, reducing bottlenecks with scaling and data. They bundle multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load and fees. DoggyDAO, a decentralized autonomous organization run and governed by token holders, will also start operations when Shibarium goes live and will be used to fund projects building on the blockchain.
The testnet has seen meaningful activity in the past months with 27 million transactions from an estimated 16 million wallets as of July, indicating brisk demand for the network.
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