Shiba Inu, a decentralized token platform, is set to launch a test version of its Layer2 solution, Shibarium, on the Ethereum blockchain. The company will release a technical blog containing all necessary information for community members who wish to become validators or delegators, as well as the latest information from its recently released knowledge base.

Shibarium Beta Runs on Ethereum

The Shibarium Beta will operate on top of the Ethereum blockchain, using its native token, BONE, to pay for gas fees. A total of 20 million BONE (10 percent) have been reserved to reward validators and delegators in the coming years. Validators can contribute to the network’s operability and security by locking a certain amount of BONE and operating Heimdall validator and Bor block producer nodes.

Shibarium Test Network to Use BONE Test Tokens

The upcoming Shibarium test network will use BONE test tokens, allowing users and developers to conduct large-scale testing on the network. Users will be able to receive test tokens through a private test network portal, which is currently not yet open to the public. The company will officially announce its availability after deployment.

Community Involvement Encouraged

Shiba Inu encourages community members to become involved in the development and testing of Shibarium. The company believes that community engagement is essential for the success of the project and looks forward to working with its supporters to improve the platform.

Conclusion

The launch of the Shibarium test version marks a significant step forward for Shiba Inu and its ecosystem, providing a platform for large-scale testing and community involvement in the development of the Layer2 solution. The company’s commitment to transparency and community engagement bodes well for the future success of Shibarium on the Ethereum blockchain.

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Filed under: Bitcoin - @ January 29, 2023 3:25 am