The developers of Shiba Inu (SHIB) have announced that they will soon be launching a beta version of their Shiba Inu L2 network, called Shibarium.
Shibarium: A layer 2 solution for Ethereum
Shibarium is a layer 2 solution for the Shiba Inu network, which runs on the Ethereum network and ensures that transactions can be executed faster and cheaper. This will help solve the problems of congestion and high transaction fees that the Ethereum network is currently experiencing.
Beta version for selected partners and accredited investors
The beta version of Shibarium will be available to selected partners and accredited investors, who will test the functionality of the network before it is fully launched. The developers hope that this testing period will allow them to fix any issues before the network launches to the general public.
New products and services
The Shibarium network will also be used to launch new products and services, including a new virtual machine specifically designed to run DeFi applications. The developers hope this will contribute to the growth of the Shiba Inu ecosystem and the popularity of the cryptocurrency.
Shiba Inu wants to stand out and play a leading role in DeFi market
With the launch of Shibarium, Shiba Inu hopes to differentiate itself from other cryptocurrencies and take a leading role in the growing DeFi market. Launching a faster and cheaper second tier solution is likely to appeal to users and developers and help grow the Shiba Inu community.