Shiba Inu’s Highly Anticipated Layer-2 Project Is Ready, Says the Dogecoin Rival’s Lead Developer – Here’s the Release Timeline

A Shiba Inu (SHIB) developer says that the beta version of the meme coin’s highly anticipated layer-2 blockchain is set for unveiling.

Pseudonymous developer Shytoshi Kusama tells his 881,400 Twitter followers that Shibarium, Shiba Inu’s layer-2 network built atop Ethereum (ETH) and similar to scaling solutions such as Polygon (MATIC), is ready.

However, the developer also says it will not be unveiled just yet due to the personal circumstances of one of the Dogecoin (DOGE) rival’s developers.

The pseudonymous Shiba Inu developer says that he will initially publish blog posts on February 15th introducing Shibarium to the world before the layer-2 network is launched.

According to Kusama, Shibarium will be released when one of his lead developers, the pseudonymous ShibDev4Evr, completes the mourning phase after losing his father.

“Tomorrow my 1st of a series of mediums introducing the world to Shibarium will be released. The bow fit nicely, but I’m not releasing anything until [ShibDev4Evr] is done mourning.”

Kusama first broke the news of the layer-2 network being set for launch on Telegram earlier this week. He wrote,

“Shibarium is ready. Can’t wait to show you the beta.”

In December of 2022, Kusama announced that 2023 would be an “important one for humanity” after teasing Shibarium’s release date.

Shibarium is expected to speed up transaction speeds for the Ethereum blockchain and lower the gas fees. The Shibarium scaling solution will use the Bone ShibaSwap (BONE) as the governance token. Gas fees in the ecosystem will be paid solely in BONE.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney