ShibChain: A Rival to Shibarium
Shiba Inu’s Layer-2 scaling solution, Shibarium, now faces competition from a new protocol called ShibChain. Built on Polygon’s Chain Development Kit (CDK) framework, ShibChain has chosen Polygon as its blockchain of choice due to the advanced developer technology offered by Polygon CDK. This decision aligns with Polygon’s focus on expanding its CDK solution and discontinuing contributions to the Edge framework. The introduction of ShibChain is expected to bring more utility to the SHIB ecosystem.
SHIB Token Integration
ShibChain will utilize Shiba Inu’s native token, SHIB, for gas fees, unlike Shibarium which uses Bone ShibaSwap (BONE) for this purpose. By incorporating SHIB as the main currency of all applications on the ShibChain protocol, members of the ShibArmy can spend their tokens on games, NFTs, and DeFi. Transactions on the new protocol will be charged a fee of 300 SHIB (approximately $0.03) and will be performed at a rate of 2000 TPS.
Driving Global Adoption
ShibChain aims to create genuine demand for SHIB through real-world applications. The protocol envisions smooth and efficient transactions that enhance the overall ecosystem experience. The integration of SHIB on ShibChain follows a pattern seen in other Shiba Inu affiliated chains, where every development generates positive responses from the community.
Hot Take: ShibChain Challenges Shibarium with Polygon Integration
The launch of ShibChain, an Ethereum L2 protocol built on Polygon CDK, presents a rival to Shiba Inu’s existing Layer-2 scaling solution, Shibarium. By utilizing Polygon’s advanced developer technology and integrating SHIB as the main currency, ShibChain aims to enhance the SHIB ecosystem and provide real-world utility. With its focus on smooth transactions and global adoption, ShibChain seeks to drive the demand for SHIB and establish itself as a key player in the crypto market.
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