[ad_1]
- According to the official Shibarium network Twitter account, a beta version of Shibarium will be available soon.
- The SHIB developer team aims to make Shibarium a powerful Layer 2 blockchain that will be a massive upgrade for the Shiba Inu ecosystem.
Based on Monday’s announcement by the Sibarium Network, the long-awaited launch of Sibarium (Shiba Inu’s layer 2 blockchain) is about to take place. The statement reveals that the details regarding the beta version of the Layer 2 blockchain are almost finalized. Therefore, the network shared a detailed blog post with important clarifications for the SHIB community.
🍖 Introducing Sibarium: Shiba Inu Layer 2 Network — Rejoice #Shibu Army!Sibarium Beta will be released soon. Through this article, I would like to introduce some basic concepts to provide clarity to the community.
Read more: https://t.co/mvV5iw54Ts
— Shibarium Network (@ShibariumNet) January 15, 2023
First, we asked the community for patience as we need to develop Civalium correctly. So it means the team doesn’t want to put undue pressure on them to provide a release date. bottom.
According to the post, SHIB will always accept new crypto users and inform them about the development of projects in the ecosystem. The post also clarified that Sibarium’s launch was not intended to spike the price of the Shiba Inu ecosystem’s tokens, specifically the SHIB token. is consistent with Ryoshi’s vision of
Layer 2 blockchain also allows community members to build and grow custom projects. The Sibarium team has also revealed that it will be releasing a technical blog post to educate and inform SHIB forces on Sibarium operations, addressing the most common questions and understanding key concepts. Therefore, all users can enjoy a user-friendly and welcoming experience once Shibarium is launched.
transitional evolution
The SHIB developer team aims to make Shibarium a robust Layer 2 blockchain, which will be a major upgrade for the Shiba Inu ecosystem. As a Layer 2 blockchain, developers can utilize it to create solutions for innovation and security in the DeFi sector. It is a great advantage for developers as it offers an enhanced development framework, scalability, low fees, and fast transaction times.
Note that Sibarium is built on the Ethereum blockchain and uses tokens from the SHIB ecosystem (SHIB, BONE, and LEASH). The evolution of Web3 has increased interest in blockchain technology. However, cost and transaction speed are slowing mainstream adoption. Therefore, Shibarium solves these problems and contributes to various industries such as gaming, metaverse, and Web3 innovation.
important role
The Shibarium blockchain, on the other hand, brings an important role to delegators and validators. Validators can lock bone tokens and manipulate Bor blocks and Heimdall validator producer nodes. Validators earn rewards for their services based on the amount of tokens staked.
For clarity regarding reward claims, there is a contract record of each user’s reward balance. However, there are conditions governing validator rewards, and if you violate these conditions, your wager will be forfeited. Additionally, an individual can support her Shibarium network as a delegator without running a full node.
Instead, stake tokens on validator nodes. Validators therefore control the commission rate they wish to share with their delegators. According to the blog post, there is a private test network portal where users can request test tokens.
No spam, no lies. Insight only. You can withdraw at any time.
Impact on SHIB price
The team will announce when the portal is open. It’s worth noting that the network limits the number of validators to 100. Also, one of the requirements to become a validator is to stake at least 10,000 BONE. The Sibarium team further identified trust, experience, knowledge, and commitment as necessary traits for validator onboarding.
The positive news has partially influenced the price of SHIB, as it has risen 4.7% over the past 24 hours and is trading at $0.00001042. With such development, the price of SHIB could quickly reach $0.10. Similarly, the price of BONE is up 13.4% over the last 24 hours, trading at $1.35.
Crypto News Flash does not endorse and is not responsible or liable for the content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. Crypto News Flash shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned. I don’t owe you.
[ad_2]
Source link
