Earlier this week you could read in the Shiba Inu news that Shiba Inu (SHIB) this week released the beta version of Shibarium, the layer-2 solution for the network, was about to launch. The network is keeping its word as it announced yesterday that the early beta version of Shibarium, also known as ‘Puppynet’, has been launched.
SHIBARIUM EARLY BETA TEST IS LIVE!
Today, more than ever, we see the need for a truly decentralized L2 network that powers the projects of a large, global, decentralized community.
— Shibarium Network (@ShibariumNet) March 11, 2023
Layer 2 blockchain to enhance capabilities
Shibarium is a layer-2 blockchain that allows users to build dApps and integrate businesses with them. It’s cheap, burns SHIB in the process, and gets tweaked as beta testing continues over the next few months. Shibarium must offer the possibility of transactions off chain ie separate from the main network.
The lead developer of the project, Shytoshi Kusama, introduced a Shibarium Technology intake form for those who want to build on the network. He added that documentation will be released next week for validators to help them set up test nodes.
Amid all the excitement, Shytoshi also had some advice for the community. He reminded them not to spend their tokens on Puppynet as the current version is for testing purposes only.
SBF the founder of Shiba Inu?
Earlier this week, a rumor was spread within the crypto world that the ex-CEO of the bankrupt crypto exchange FTX, Sam Bankman-Fried (SBF), would be the founder of Shiba Inu. The founder of Shiba Inu is anonymous and is known as ‘Ryoshi’.
The blog devoted to the launch of the Puppynet also pays attention to this rumor. Among other things, it is mentioned that Ryoshi was not a fan of centralized exchanges, and for that reason he would never run such an exchange himself.
It is also brought forward that Ryoshi was a big fan of wrestling. It is reported that Ric Flair, a former professional wrestler, was even considered for a SHIB commercial. The argument is then used that SBF was not even born then. Of course you have to take this argument with a grain of salt, but it is a fact that the team behind the popular meme coin thinks the rumor is laughable.