Shibarium’s Plan for Scaling and the Introduction of ShibPaper
– Shibarium developers promise regular updates and scaling measures after a botched launch.
– Lead developer Shytoshi Kusama announces plans to implement the ShibPaper.
– The ShibPaper is a whitepaper outlining the plans for creating a “decentralized digital nation state.”
– The Canine Code and Hound’s Constitution will guide the Shiba Inu State and its citizens, called “Shibizens.”
– Shibarium may introduce future native tokens and will back governance tokens with tangible assets.
Next Steps for Shiba Inu and Shibarium
– The Ethereum layer-2 network is almost ready to reopen to the public.
– The team has implemented a new monitoring system and additional fail safes to protect users’ funds.
– Kusama believes that the protocols and projects building on Shibarium will be the winners.
– Shibarium will offer a variety of protocols, products, and services, similar to Ethereum.
– Users are advised to do their own research before participating in the Shibarium ecosystem.
Hot Take
Despite the rocky launch, Shibarium is taking steps to address its scalability issues and regain users’ trust. The introduction of the ShibPaper shows a commitment to transparency and decentralization. With improved infrastructure and a focus on building a robust ecosystem, Shibarium has the potential to become a significant player in the DeFi space. However, users should approach the platform with caution and conduct thorough research before getting involved.
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