Summary
The lead developer of Shibarium, Shytoshi Kusama, has announced that the highly anticipated Layer 2 blockchain solution will be going live soon. The mainnet launch is scheduled to take place at the Blockchain Futurist Conference in Toronto, Canada, which is set for August 13–17, 2023. Shibarium aims to address scalability and transaction fee issues by utilizing off-chain systems and bundling multiple transactions into a single layer 1 transaction, improving the efficiency of the Ethereum network.
Introduction
Shytoshi Kusama, the lead developer of Shibarium, has revealed the launch date for the highly anticipated Layer 2 blockchain solution. In a recent blog post, Kusama announced that the mainnet launch of Shibarium is scheduled to take place at the Blockchain Futurist Conference in Toronto, Canada, which will be held from August 13 to 17, 2023. As a major sponsor of the event, Shiba Inu’s Shibarium team believes that the conference provides the perfect platform to share their exciting news with the community.
Main Points
Shibarium, a Layer 2 protocol built on top of Ethereum, aims to address scalability and transaction fee issues. By utilizing off-chain systems and bundling multiple transactions into a single layer 1 transaction, Shibarium reduces data load and fees, improving the overall efficiency of the Ethereum network.
With the launch date set at the Blockchain Futurist Conference, the Shiba Inu community is eagerly anticipating the unveiling of Shibarium. This development promises to enhance the Ethereum ecosystem by providing a more scalable and cost-effective platform for decentralized applications (dApps) and transactions.
Despite the announcement of Shibarium’s launch date, the price of Shiba Inu (SHIB) remained in a downtrend. At the time of writing, SHIB was trading at $0.000007232 with a 24-hour trading volume of over $124 million, experiencing a 5% decline within a day. This caused SHIB to drop to the 19th rank on CoinMarketCap.
Conclusion
The launch date for Shibarium, the Layer 2 blockchain solution built on top of Ethereum, has been revealed. The mainnet launch is scheduled to take place at the Blockchain Futurist Conference in Toronto, Canada, in August. Shibarium aims to address scalability and transaction fee issues by utilizing off-chain systems, and its unveiling is highly anticipated by the Shiba Inu community. Despite the announcement, the price of Shiba Inu (SHIB) remained in a downtrend, experiencing a decline and dropping in its ranking.