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Here’s a summary of Shiba Inu’s ‘Shibarium Invite’

TL;DR

  • Shiba Inu’s (SHIB) head developer Shytoshi Kusama tweeted the “invitation” for the official launch of Shibarium.
  • Following the announcement, SHIB saw a price increase on Thursday; the token rallied 8.1% in the last 24 hours.

Shiba Inu’s (SHIB) head developer Shytoshi Kusama tweeted the “invitation” for the official launch of Shibarium, accompanied by a blog post that reveals all it will include.

According to the blog post, Shiba Inu aims to become a powerful layer-2 blockchain. Shibarium will also allow users to launch genuine Shiba-branded physical products, allowing them to display product loyalty by selecting equivalent quality goods that focus on Shiba. Furthermore, anyone will now be able to create great platforms supervised and managed solely by the community— unaffiliated from the Shib Development Team.

“The only centralized aspect of Shibarium is a core system and corresponding interface that allows us to foster actual trust as we embark on this journey together in a previously trustless society and a series of Validators (and Delegators) that keep the system decentralized and operational.”

Shytoshi Kusama

The Shiba Inu developer emphasized the core values of Shibarium: burn, protect, help, and grow. Furthermore, Kusama also mentioned that every project within Shibarium will engage in burns— something numerous admirers have been waiting for.

Development delays impede Shibarium launch

The launch of Shibarium, Shiba Inu’s Layer-2 protocol, has been pushed back several times. Initially planned to be available by the end of 2022, it was put off until early 2023 due to delays in its development process. However, if all goes according to plan, we could see SHIB’s layer-2 deployed within a few months.

Kusama’s blog “invites” everyone to Shibarium without a specified launch date. Also,  Kusama assures that the network will be available before May 2023. Nevertheless, since an invitation is here, the release must be imminent.

Following the announcement, SHIB saw a price increase on Thursday; the token rallied 8.1% in the last 24 hours. The current rally might be due to investors reacting to easing regulations and the massive inflows into the crypto market. The global market capitalization increased by 9% and is currently at $1.17 trillion. At the time of writing, the price of SHIB is $0.00001359.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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