The test version of the Layer2 network Shibarium based on Ethereum will be launched next week

It is reported that Bone ShibaSwap (BONE) confirmed on Twitter that Shibarium, the Shiba Inu Layer2 network, will be launched in beta mode next week. It is reported that Shibarium’s design is similar to other Layer2 expansion solutions, such as Polygon (MATIC), which aims to solve the scalability, speed and cost problems in Ethereum, and its ecological token BONE will be used to pay the gas cost. Shibarium will focus on the metauniverse and game applications, and the launch of this project may contribute to the development of the Shiba Inu ecosystem. The Shibarium expansion solution will use BONE as its governance token, and all gas costs in the ecosystem will be paid in BONE.

Interpretation of this information:

The recent announcement of the upcoming beta launch of Shibarium, a Layer2 network for Shiba Inu, has garnered attention in the cryptocurrency sphere. According to reports, Shibarium’s design resembles that of other Layer2 solutions, like Polygon, that aim to tackle the issues of scalability, speed and cost in Ethereum. Shibarium’s BONE token will be used to pay for gas costs and governance within the network. This rollout is said to be ideal for the metaverse and gaming applications, signalling a step forward for the Shiba Inu ecosystem.

The introduction of Shibarium, a Layer2 expansion solution built on top of Ethereum, is expected to solve the problems of gas fees, slow transaction processing, and other scalability issues. This Layer2 scaling solution is a major improvement for Shiba Inu, which will enable faster and cheaper transactions for users. The use of BONE tokens as a governance token and the payment for gas costs indicates that the Shiba Inu team is looking to keep the project decentralized.

Additionally, Shibarium is designed to expand the Shiba Inu ecosystem into the metaverse and gaming applications. The ability to scale Ethereum’s Layer2 network will allow developers to build decentralized applications for gamers and other users. This project intends to contribute to the growth of the Shiba Inu ecosystem by improving its speed and scalability while also providing a more cost-effective method of payment.

In conclusion, the upcoming beta launch of Shibarium, a Layer2 network for Shiba Inu, is a major development that aims to bring faster, cheaper, and more efficient transactions for users. The use of BONE tokens as a governance token and the payment for gas costs represents the decentralization of the project. The expansion solution will focus on metaverse and gaming applications, contributing to the growth of the Shiba Inu ecosystem.