Shiba Inu today introduced Shibarium, the new memecoin layer 2 blockchain that will be used for building dApps, metaverse and also NFTs. At the time of writing, SHIB is up 22% in one week.
A few hours ago, Shiba Inu (SHIB) published a tweet introducing Shibarium in its Beta version, i.e. its Layer 2 (L2) blockchain long awaited by its community.
Shiba Inu wants to clarify the key concepts that will serve its community to understand what the new ecosystem waiting to do its pre-launch tests is about to become.
Shibarium is the new L2 blockchain of Shiba Inu, on which it will soon be possible to build dApps, metaverses and NFTs. It is a collective blockchain that scales and invites solutions, innovation and security in the decentralized finance space. Transactions take place “off-chain”, i.e. they take place outside the level 1 blockchain (Ethereum) and are communicated back.
In this sense, the aim is to allow Shibarium to do most of the processing work, lightening the bandwidth, which translates into a reduction in costs (gas rates) and processing times for end users.
Not only that, the new blockchain runs on top of the Ethereum blockchain, and the ecosystem tokens are SHIB, LEASH, and BONE.