Shiba Inu developer launched new L2 network called “Shibarium”, Beta Version

Developer Shiba Inu ( SHIB ) has made an update to inform the community about the upcoming beta release of Shibarium, a Layer 2 network that will run on the Ethereum mainnet.

Ref. Shib on Twitter

In the announcement, shib developers shared information about the Layer 2 blockchain, highlighting that Shibarium is being developed as a tool that allows communities to build and expand projects and fulfill the founders' vision. On the other hands, someone also believe creating Shibarium was a way to raise the price of meme tokens, but the developers insisted that this was not the goal.

"Patience is key, and some people see Shibarium as a price-boosting tool, but that's not the focus of the project and it's never been there before."

According to the developers, the goal of the new update in the infrastructure is to "revolutionize the Shiba ecosystem" by removing barriers to entry into small transactions, upgrading speed, and enabling the development of decentralized applications and NFT tokens.

Although the developers did not specify an exact date, the team reiterated that the answers to all questions related to the time frame of the launch are "coming soon."

Take a look to a little detail including received rewards for this project! as Shiba Inu's announcement. 

Rewards Distributed at Checkpoint:

·       Validator Commission: 10 units (10% commission * 100 units distributed)

·       Total Stake Rewards: 90 units (100 units distributed less validator commission)

Validator receives:

·       Commission: 10 units (10% * 20 units distributed)

·       Stake Rewards: 45 units (50% * 90 units of Total Stake Rewards)

Delegator A receives:

·       Stake Rewards: 27 units (30% * 90 units of Total Stake Rewards)

Delegator B receives:

·       Stake Rewards: 18 units (20% * 90 units of Total Stake Rewards)

*Checkpoint time to be confirmed once the network is running.

**$TREAT Token is not deployed at this moment, so it doesn't exist. Please, be aware of scams.

Transactions & Gas

'Gas' is a unit used in smart contract enabled blockchain networks, and it's paid in $BONE.

Source Link: cointelegraph

 Photo Credit: Link