Shiba Inu, the cryptocurrency that was launched as a joke, has been gaining considerable attention in recent months. The coin has been one of the standout performers in the crypto market, with its price surging more than 1,000% since the start of 2023.
One of the reasons for Shiba Inu’s success is its strong community, which has been actively involved in the development of the coin’s ecosystem. One of the most highly anticipated developments is the launch of Shibarium, a layer 2 solution that aims to improve the scalability, security, and transaction speed of the Shiba Inu network.
The public beta of Shibarium is set to launch this week, and the Shiba Inu community is eagerly awaiting its release. The development team behind Shibarium has been teasing the launch for weeks, and the announcement of the public beta has generated a significant amount of interest.
Shibarium is expected to offer a number of benefits to the Shiba Inu ecosystem, including faster and cheaper transactions, better scalability, and improved security. The technology is also expected to attract new projects to the Shiba Inu network.
Shytoshi Kusama, the chief developer of Shiba Inu, released a new website and an intake form for Shibarium in late February to allow interested parties to submit their Shibarium-based projects. The enormous number of projects that have approached the SHIB team has stunned Kusama.
LucieSHIB, one of the most influential members of the Shiba Inu community, reported that over 3,000 Shibarium intake forms have been submitted. Kusama said he is losing track of all his projects because there are so many now.
However, Kusama has also issued a warning about scams related to the launch of Shibarium. Shiba Inu’s lead developer advised community members not to buy tokens or products during the beta phase of development.
Shiba Inu developer Kaal Dhairya also stated that ShibaSwap will be the only decentralized exchange officially recognized in the Shibarium network. In this context, he also cautioned about fraudsters who falsely claim that a new Shiba Inu-based token has been developed.
The launch of Shibarium is a major milestone for Shiba Inu, and the public beta is expected to attract even more attention to the coin. The Shiba Inu community is eagerly awaiting the release of Shibarium, and it remains to be seen how the layer 2 solution will impact the future of the Shiba Inu ecosystem.