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.
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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.
