Keep Up! ShibaSwap Developer Announces Shiba Inu (SHIB) Shibarium Launch Soon

Shiba Inu prepares to launch Shibarium (Cryptocoin)

JAKARTA – Crypto Shiba Inu (SHIB) continues to develop. Recently, ShibaSwap developer Eric M revealed positive news regarding the development of Shibarium. He mentioned that Shiba Inu layer-2 will be launching soon. Eric issued the statement via Discord social media in the Shiba Inu group.

However, the developer did not reveal the release date of the Shiba Inu layer-2 in more detail, even though the Shiba Inu community had been waiting for it.

According to U.Today, the anonymous developer did not provide a concrete timeline for the rollout of the much-anticipated layer-2 scaling solution. One of the ShibArmy members posted a screenshot of Eric M's comments on Discord to a Twitter post.

🤫 #SHIBARIUM #SHIB pic.twitter.com/VTAOyK59m8

— Camila Rocha (@Camila_Rocha) December 19, 2021

In early December, Eric M also briefly revealed that in order to launch Shibarium, the team did not need to wait for the launch of Ethereum 2.0, an algorithm upgrade to Proof of Stake from the second-largest blockchain.

This is reinforced by the writings of the founder of SHIB, Ryoshi through his posts on the Medium platform. Even so, the Bone token will become the governance token on the ShibaSwap decentralized exchange. The choice of BONE over SHIB as a governance token is intended to avoid the domination of the whales.

Ryoshi reveals that Shibarium must be decentralized properly and must be ensured so as not to fail. Another reason for not choosing SHIB is because the token is on the ERC-20 network so it can have an impact on high gas fees.

Therefore, efforts to reduce transaction fees are very important for a wide crypto ecosystem that includes games and NFT. So, the launch of Shibarium is one of the important moments for Shiba Inu.

In addition, Ryoshi is also working to incorporate the Shiba Inu into the metaverse ecosystem which is on the rise recently.

“The anonymous developer stated that 'We are working on so many aspects of Shiba Inu including Shibarium, Shi, Shibanet, The Decentralized Shiboshi Game, Incubator, and many more that won't be seen until soon.”

Currently the SHIB token occupies the 13th position of the largest cryptocurrencies by market capitalization, just below its rival, Dogecoin which is perched in 12th position. At the time of writing, the SHIB price was trading at the level of 0.00002958 USDT in the SHIB/USDT pair. Data from Coingecko reports that SHIB prices have decreased by 18.7 percent in the past week.