Shiba Inu: Shibarium, SHI & TREAT! Lead dev Shytoshi releases huge update

What lies ahead for Shiba Inu before the launch of Shibarium?

The Shiba Inu community is eagerly awaiting updates to the SHIB ecosystem scheduled for the current year. Meanwhile the project’s lead developer Shytoshi Kusama is coming out to announce more great news. 

Shibarium target number one

In his new post, Shytoshi Kusama primarily addresses the market’s highly anticipated Shibarium. The tier two solution in question and eagerly awaited by the market is scheduled for the third quarter of 2022. 

SHIB’s lead developer confirmed that everything is on track to fit within the set period. Nevertheless, the team is careful not to bring the date of the start of public beta testing any closer. As he stresses:

“Shibarium is a key component in this incredible war we are in, as it will allow us to move assets onto the chain with small BONE (gas) fees entitling us to do microtransactions.”

The essence of SHI 

While the collapse of Terra UST caused a real stir around stablecoin, Shiba Inu’s team has been unrelenting in its efforts, working to launch its coin with similar characteristics. In doing so it has demonstrated a very sensible approach. It intends to introduce the SHI protocol to the general public, which would be a solution to the problems found in other projects. Stablecoin SHI is expected to be involved in balancing payments, even when the market experiences high price fluctuations. The exact date of its release has not been disclosed, but according to preliminary plans, it will fall within the current year. As Shytoshi emphasizes:

“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token when it is finalized.”

It’s time for a novelty – meet TREAT!

As Shytoshi reveals, both he and a group of developers have been quietly working on a new reward token called TREAT. While Shiba Inu and its derivative coins are in full use on the web, there was a need to launch a currency that would allow for receiving and storing rewards. Thus, the idea of TREAT was born. It is to be a token with limited supply. Moreover, it will not be used exclusively in Shibarium but will also be linked to Metaverse and the Shiba card game. Its purpose is also to support the SHI balance.

While the card game’s release is fast approaching, Shytoshi indicated that there have been delays in terms of Metaverse’s development. However, he reassures by pointing out that despite the heavy influence of bears on the market, the Shiba Inu ecosystem still has much to offer. 

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news

XRP

XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load

Learn

Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load

Analyses

All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load