JAKARTA - Shiba Inu, a token running on the Ethereum network, which had gained popularity in 2021, will soon release a network dubbed Shibarium.
Regarding this launch, Indodax CEO Oscar Darmawan explained that the Shibarium is a layer 2 network that will later be built by developers from Shiba Inu. If this Shibarium has been officially released, the SHIB-coded token will run on this network after previously on the Ethereum network.
"With this Shibarium, Shiba Inu will have its own blockchain and of course it will provide a lot of benefits for cryptocurrencies that will run on the network with much faster transactions and could even be useful for NFT and also the Metaverse," Oscar explained in a statement received in Jakarta.
Shibarium itself is claimed to have a positive impact on Shiba Inu. With faster transactions and cheaper gas fees, adoption will also become more.
"This will also have an impact on increasing the value of the SHIB token because the number of transactions will increase. Shiba Inu has the opportunity not only to become a coin meme again but will become a utility token and of course the effect will be extraordinary for crypto trading," explained Oscar.
Oscar added that although the Shibarium network is very important for Shiba Inu's sustainability in the future, what Oscar explained earlier is not the need for investors to invest there. Oscar suggested that investors continue to research first.
"The most important thing is that people who want to transact crypto are still doing research before going into purchases to find out the right coins or tokens to buy and the right time to buy," concluded Oscar.
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