{"id":519474,"date":"2023-02-13T14:30:40","date_gmt":"2023-02-13T14:30:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=519474"},"modified":"2024-06-11T07:52:05","modified_gmt":"2024-06-11T07:52:05","slug":"valentines-day-launch-of-shibarium-uncertain-developer-confirms","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/valentines-day-launch-of-shibarium-uncertain-developer-confirms\/","title":{"rendered":"Valentine&#8217;s Day Launch of Shibarium Uncertain, Developer Confirms"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The team behind Shiba Inu, the second largest meme coin by market cap, is currently developing its Layer 2 blockchain, Shibarium. The new project aims to ensure higher scalability and faster transaction speed while maintaining lower network costs. Also, it will provide an elaborate development framework for the Shiba ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The protocol team plans to launch Shibarium this year, but nobody knows the exact date for its release. While some people, both within and outside the Shiba community, anticipate the new blockchain to kick off on Valentine\u2019s day, a lead developer has a contrary opinion.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-nft-ordinals-boosts-taproot-adoption-by-1000-in-q1-2023\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin NFT Ordinals Boosts Taproot Adoption By 1,000% In Q1 2023<\/a><\/div>\n<h2>Shibarium Has No Fixed Date of Release Yet<\/h2>\n<p><span style=\"font-weight: 400\">While responding to a query, the lead developer of Shiba Inu, Shytoshi Kusama, <\/span><a href=\"https:\/\/twitter.com\/Garid_Trades\/status\/72109570?\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that there are no given details on the launch date. So, he can\u2019t state any particular date for it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Further, the developer explained that a switch button could not complete the launch event. Instead, it passes through stages and phases that would ensure the functionality and stability of the network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Earlier this year, SHIB developers <\/span><a href=\"https:\/\/blog.shibaswap.com\/introduction-to-shibarium\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> the release of the Shibarium beta. Also, they highlighted some features and functions of the layer 2 network while trying to correct the wrong information surrounding the protocol.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the details, the birth of Shibarium serves as a fulfillment of the founder\u2019s vision in the crypto space. This is because the network will allow users to build and grow the project while earning through the entire advancement flow. Furthermore, it will welcome new users and help them learn the development processes through its secured ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Further, the team pointed out that patience is an essential virtue, and frowned at the wrong assumption that Shibarium\u2019s primary focus is to hike prices for the SHIB token. Instead, the design of the layer 2 blockchain is to set a transitional evolution for the Shiba ecosystem, the team said.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/imf-says-el-salvador-should-avoid-trading-bitcoin-bonds-heres-why\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">IMF Says El Salvador Should Avoid Trading Bitcoin Bonds \u2013 Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">Additionally, the team mentioned that the layer 2 blockchain would handle all the issues associated with entering all transaction types. <\/span><\/p>\n<p><span style=\"font-weight: 400\">It would support the development of decentralized applications (DApps) and integrate non-fungible tokens (NFTs) into the network. Also, it will increase the speed and scalability of transactions while running at lower costs for users.<\/span><\/p>\n<h2>SHIB Might Spike in Prices Through Layer 2 Upgrade<\/h2>\n<p><span style=\"font-weight: 400\">Though the Shiba Inu team stated that the main focus of Shibarium is not on raising SHIB\u2019s price, a key feature in the upgrade will ensure that. The upgrade comes with a burning mechanism for SHIB.\u00a0<\/span><\/p>\n<figure id=\"attachment_519485\" aria-describedby=\"caption-attachment-519485\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-519485 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/SHIBUSDT_2023-02-13_18-26-10.png?resize=860%2C501\" alt=\"Valentine&#039;s Day Launch of Shibarium Uncertain, Developer Confirms\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-519485\" class=\"wp-caption-text\">SHIB price declines by over 2% on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/odyrAqZS\/\" target=\"_blank\" rel=\"noopener nofollow\">SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The team noted that the burning mechanism would occur once a transaction is made on the network. Also, there will be an implicit burn amount for SHIB on all transactions, which is expected to positively impact the value of SHIB in the long run.<\/span><\/p>\n<p>Featured image from Pixabay and chart from TradingView.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind Shiba Inu, the second largest meme coin by market cap, is currently developing its Layer 2 blockchain, Shibarium. The new project aims to ensure higher scalability and faster transaction speed while maintaining lower network costs. Also, it will provide an elaborate development framework for the Shiba ecosystem. The protocol team plans to launch Shibarium this year, but nobody knows the exact date for its release. While some people, both within and outside the Shiba community, anticipate the new blockchain to kick off on Valentine\u2019s day, a lead developer has a contrary opinion. Related Reading: Bitcoin NFT Ordinals Boosts Taproot Adoption By 1,000% In Q1 2023 Shibarium Has No Fixed Date of Release Yet While responding to a query, the lead developer of Shiba Inu, Shytoshi Kusama, stated that there are no given details on the launch date. So, he can\u2019t state any particular date for it. Further, the developer explained that a switch button could not complete the launch event. Instead, it passes through stages and phases that would ensure the functionality and stability of the network. Earlier this year, SHIB developers announced the release of the Shibarium beta. Also, they highlighted some features and functions of the layer 2 network while trying to correct the wrong information surrounding the protocol. According to the details, the birth of Shibarium serves as a fulfillment of the founder\u2019s vision in the crypto space. This is because the network will allow users to build and grow the project while earning through the entire advancement flow. Furthermore, it will welcome new users and help them learn the development processes through its secured ecosystem. Further, the team pointed out that patience is an essential virtue, and frowned at the wrong assumption that Shibarium\u2019s primary focus is to hike prices for the SHIB token. Instead, the design of the layer 2 blockchain is to set a transitional evolution for the Shiba ecosystem, the team said. Related Reading: IMF Says El Salvador Should Avoid Trading Bitcoin Bonds \u2013 Here\u2019s Why Additionally, the team mentioned that the layer 2 blockchain would handle all the issues associated with entering all transaction types. It would support the development of decentralized applications (DApps) and integrate non-fungible tokens (NFTs) into the network. Also, it will increase the speed and scalability of transactions while running at lower costs for users. SHIB Might Spike in Prices Through Layer 2 Upgrade Though the Shiba Inu team stated that the main focus of Shibarium is not on raising SHIB\u2019s price, a key feature in the upgrade will ensure that. The upgrade comes with a burning mechanism for SHIB.\u00a0 The team noted that the burning mechanism would occur once a transaction is made on the network. Also, there will be an implicit burn amount for SHIB on all transactions, which is expected to positively impact the value of SHIB in the long run. Featured image from Pixabay and chart from TradingView.<\/p>\n","protected":false},"author":584,"featured_media":519484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83667,87680,84558],"class_list":["post-519474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shiba-inu","tag-shibarium","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Valentine&#039;s Day Launch of Shibarium Uncertain, Developer Confirms<\/title>\n<meta name=\"description\" content=\"Shiba Inu, the second largest meme coin by market cap, developed its Layer 2 blockchain Shibarium.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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