The long-awaited scaling solution for Shiba Inu ‘Shibarium’ is coming soon. The Shiba Inu team has thus published an approximate release date for it while sharing more details about it.
Success of Shibarium private test network
Friday, June 24 is the day when the developers of Shiba Inu decided to share some fantastic news with their community. As it turns out the Shibarium L2 private alpha test network, which has been in operation for several weeks, is functioning flawlessly. Since its launch it has not experienced any problems, making the decision to take the project into public testing. As a result an approximate launch date has also been presented, which is in the third quarter of this year.
As the announcement states:
“The Shibarium Public Beta Test Network is expected to launch in the third quarter to coincide with the FUND TestNet update, which includes the highly anticipated IBC/Gravity/Fund updates.”
Portfolio application a major focus of work
As assured by Shiba Inu representatives, bringing Shibarium into public testing will provide some opportunities for the community. First of all, it will become realistic to fully interact with the network, including participation in the validation process.
The aspect that requires the most effort at the moment, however, is the wallet application. As we read:
“The main tool under intense development is the portfolio application, which is expected to be a comprehensive application that includes bi-directional asset transfers between L1 and L2, asset transfers at each relevant level, staking/delegation, and in future releases Shibaswap integration that will also be implemented on L2.”
The essence of Shibarium
Shiba Inu is a very popular network that has recently gone from being a meme coin to a project with solid and respectable foundations. In order to do this, improvements are required. One of them is Shibarium. The main focus of the upgrade here is the need to break free from the high transaction fees of the Ethereum network that Shiba Inu has been operating on so far. Thus, the developers, through the private network and the announced public network, are running second layer solutions. The effect of this is to give Shiba Inu in L2 capabilities similar to those of ETH’s scaling platform, Polygon.
If you want to learn more about Shibarium and how the SHIB community views the new solutions, be sure to take a look at the article titled:
“Is the Shiba Inu community really excited about the release of Shibarium?”.