Shibarium, a Layer 2 Blockchain for Shiba Inu, to Launch After Toronto Conference
Developer Shytoshi Kusama has announced that the layer 2 blockchain Shibarium is ready to launch. The proposed launch will take place at the Blockchain Futurist Conference in Toronto this August. Shibarium aims to provide faster transaction speeds, lower fees, enhanced token usability, and ease of decentralized application development to the Shiba Inu ecosystem. The project has been in development for several months, with the testnet phase generating a significant number of transactions. At the conference, Shibarium will be presented alongside the completed Worldpaper, and other Shib branded projects will also be introduced. The event will also mark the creation of DoggyDAO, a decentralized autonomous organization that will provide funding for projects built on Shibarium.
Key Points:
- Shibarium is a layer 2 blockchain designed to supplement the Ethereum ecosystem.
- The mainnet release of Shibarium will occur at the Blockchain Futurist Conference in Toronto in August.
- The project aims to provide faster transaction speeds, lower fees, enhanced token usability, and ease of decentralized application development.
- Shibarium will be presented alongside the completed Worldpaper and other Shib branded projects at the conference.
- The event will also mark the creation of DoggyDAO, a decentralized autonomous organization that will provide funding for projects built on Shibarium.
Hot Take:
The launch of Shibarium represents a significant milestone for the Shiba Inu ecosystem, as it transitions from a meme coin to a project with its own blockchain network and decentralized application ecosystem. With its potential benefits of faster transaction speeds, lower fees, and enhanced token usability, Shibarium has the potential to attract more users and developers to the Shiba Inu community. The creation of DoggyDAO further strengthens the ecosystem by providing a funding mechanism for projects built on Shibarium. Overall, the launch of Shibarium is an exciting development that brings new possibilities to the Shiba Inu ecosystem.
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