The Shibarium testnet is coming soon. Shiba Inu developers released details about how the new Ethereum layer 2 blockchain will work.
Saying that Shibarium’s launch is “imminent,” Shiba Inu developers have released details on how the layer 2 blockchain will work. The post reconfirms that $BONE will be Shibarium’s fuel token and that the transaction will burn $SHIB. The developers also discussed the role of validators and delegators for the new blockchain, and how they are selected and rewarded with $BONE and future TREAT tokens.
The Shiba developers have not disclosed the expected gas fees for Ethereum L2 or the expected transaction per second volume.A key update in the new announcement is one of the project's most requested features, the SHIB burn mechanism. According to the developers, “all transactions on the network will imply a burnt amount of SHIB tokens.” This mechanism occurs whenever transactions are made within the network.
Members of the Shiba Inu community expressed excitement about the new development. Some felt that there was a lot to look forward to in the future of the ecosystem, while others were excited to read a new update on the project.
