Shibarium Layer-2: Explanation and Release Date!

There is news circulating about the layer-2 network of the Shiba Inu, namely Shibarium. Shibarium will be present in the near future to add to the strength of the ecosystem Shiba Inu.

Many crypto activists have been waiting for the presence of Shibarium. The Shiba Inu token was originally just a meme like Dogecoin, but the ecosystem continues to build consistently.

This ecosystem gave birth to various sectors from Shiba Inu such as metaverse, NFT, DAO or Decentralized autonomous organizations, crypto games, and finally the release of the Layer-2 Shibarium blockchain.

This time, VCGamers will discuss Shibarium and the release date of the Shiba Inu blockchain network.

Also Read: Comparison Between Shiba Inu Vs Doge Coin

What is Shibarium?

Shibarium is a layer-2/blockchain solution from Ryoshi as the creator of Shiba Inu. After the release of the blockchain solution, Shiba Inu will move or migrate to L2.

According to Ryoshi, Shibarium is more towards being an L2 that sits on top of the existing Blockchain (Ethereum). The Shiba Inu creator says that the line between L2 and Blockchain tends to be thin.

It should be noted that Shibarium is not a blockchain in itself, but that does not mean that there will be a future Shiba Inu 2.0 token. Shiba Inu tokens will still be connected to Ethereum.

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Shiba Inu and Shibarium

Crypto token activists, especially Shiba Inu, have been looking forward to the development of the Shiba Inu ecosystem. This development is the development of Shibarium.

The Layer-2 network has the goal of reducing gas costs which are very significant so that it will attract the attention of investors.

Investors attracted by the low cost of gas will buy more Shiba Inu or SHIB tokens.

On September 5, the price of the Shiba Inu fell by 4.8% to $0.00001233 in 24-hour trading transactions.

Once the Shiba Inu ecosystem is bustling and complete, adoption of native tokens will require cheaper gas costs, unlike when it was still based on the Ethereum network.

According to the upcoming testnet, a feature to enable burning of Shiba Inu tokens will be available thanks to Shibarium.

Also Read: Tips for Learning Crypto Investment for Big Profits!

Rumors Regarding Shibarium

There are rumors that this layer-2 network will be present at the end of September 2022. The rumor comes from a twitter account called lord gaudy and brought to you by $xFund.

However, these rumors were just rumors because the Shiba Inu team denied this. Lord gaudy later deleted the tweet regarding the rumours.

According to Trophias, co-lead of the Shiba Inu defense team, confirmed via Twitter that the layer-2 network will not be releasing on September 30, 2022.

So, rumors and speculation on social media about its release should be digested carefully and don't believe it right away.

Release Date

Currently, there is no official release date yet. However, there is a possibility that Shibarium from Shiba Inu will be released in 2022.

According to Unification as a developer, the public beta will be released in Q3 2022, between July and September 2022. This is after Unification is still in alpha stage.

There have been comments from members of the Shiba Inu team that may have tempered those expectations.

After being pushed back regarding comments on the release on September 30, Shiba Inu seems to have moved away from commenting on the public beta in Q3 2022.

So, Shiba Inu activists must wait for further confirmation regarding the Shibarium release date.

VCGamers has released a crypto asset under the name $VCG Token which operates on the Ethereum network (ERC 20) and Binance Smart Chain (BEP 20).

$VCG Tokens has been officially registered at Bappebti or the Commodity Futures Trading Supervisory Agency and the Indonesian Ministry of Trade as crypto assets traded on the physical crypto asset market.

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Follow along Update $VCG Token only in VC News.