Lead pseudonymous Shiba Inu (SHIB) developer Shytoshi Kusama has revealed his plans for the Shibarium Layer-2 solution. This is a scalable blockchain network for Shiba Inu that is based on Ethereum (ETH) and comparable to scaling solutions like Polygon (MATIC).
“My focus this whole time was to understand how to make Shibarium different, viable for the common ecosystem, and find the best team possible,” Shytoshi said as he explained his journey forward in designing the platform and the difficulties he has encountered along the way.
— Shytoshi™ (@ShytoshiKusama) February 20, 2023
Shytoshi noted in the blog post that the launch of Shibarium was initially planned for 2022. As the entire industry is aware, this did not take place. The writer mentioned how much labor and effort go into launching a project.
Nonetheless, he made it clear in this blog post that he had finished discussing Shibarium and its creation. He will purportedly stress the “behind the scenes” of the project moving forward. He noted:
“Next, I’ll go into detail about what I’ve done behind the scenes to prepare the blockchain for public consumption and to keep us all safe, [including] technical aspects, why intake, and much more. Then, we will release the intake form and Shibarium Beta.”
Shibarium will be a decentralized platform that welcomes everyone, but Kusama also emphasized the need to respect the efforts and accomplishments of the Shib community.
He also expressed his appreciation to the community members who had put in so much effort to make the initiative successful. Even though he frequently disagrees with the various Shib teams, according to Shytoshi, they are able to work together and complete tasks when necessary.
Shiba Inu (SHIB) Token Turns Green
Meanwhile, Shiba Inu (SHIB), the meme coin that powers the ecosystem, continued to outperform its competitors despite the rather depressing news, as many community members and SHIB lovers eagerly await the release of the Shibarium.
The SHIB token was trading for $0.00001365 with a 3.27% daily increase. The second-largest meme cryptocurrency is currently ranked 13th on Coinmarketcap and has amassed about $550 million in trading volume—a rise of 153.52% over the last day. Shiba Inu (SHIB) has soared by 8.95% and 11.49% in the last 7 and 30 days respectively.