This week will mark the official launch of the eagerly awaited Shibarium public beta, which will offer Shiba Inu fans faster, less costly transactions, increased scalability, and improved security.
Shiba Inu developers made the statement on Twitter late Tuesday, urging their followers to stay tuned for more information on how to access the beta website.
Attention #SHIBARMY 🚨
We're thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK! 🎉
Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib! #ShibariumBeta 🦴 pic.twitter.com/0fG3u3mY4S
— Shib (@Shibtoken) March 7, 2023
The upcoming public beta is a significant turning point for the Shibarium project, led by lead Shiba Inu (SHIB) programmer Shytoshi Kusama. The platform intends to be a Layer-2 solution that will deliver a range of benefits to the SHIB community and token holders.
Layer 2 is a collection of off-chain solutions created on top of Layer 1 to increase performance and ease data bottlenecks. They combine several off-chain transactions into a single layer 1 transaction, reducing the amount of data and costs involved.
A beta testnet, on the other hand, is a blockchain that simulates real-world operations and enables users to test the network’s functionality before the mainnet is made public.
Users will be able to test out the platform’s many features and provide the development team with comments on any problems they run into during the beta phase.
However, this public beta is the result of months of development and testing by the Shibarium team, who have worked hard to make sure that the platform is ready for public use.
BONE and LEASH Tokens Up After Shibarium Launch News
The emergence of the Shibarium protocol is bound to be the start of a new phase for the SHIB, BONE, and LEASH tokens of the Shiba Inu ecosystem. SHIB will become more deflationary as a fraction is burned with each transaction on the network, whereas BONE will play a prominent role in its use for transaction fees and other key utilities.
Meanwhile, Shiba Inu ecosystem tokens increased following the announcement of the Shibarium beta release. BoneShibaSwap (BONE) seems to have profited more from the statement, with a 13% spike over the past 24 hours. The current spot price of BONE is $1.73.
Shiba Inu’s native token, Shib (SHIB), declined 2.12% at the time of writing, while the leash (LEASH) token increased by 6.7% over the previous day, as per CoinMarketCap data.
