Shiba Inu’s lead developer, Shytoshi Kusama, has revealed some future plans for Shibarium, the Ethereum-based layer-2 scaling solution. The focus is on enhancing scalability, security, and overall functionality. The protocol aims to change the method of onboarding validators to ensure network safety. The plan is to onboard the right participants while keeping the strategy behind the scenes. Shibarium relies on decentralized validators to prevent invalid transactions on the Ethereum blockchain. It utilizes the EIP-1559 standard, which is expected to lead to more predictable gas fees. Validators are required to stake 10,000 BONE tokens, and rewards are reserved for those contributing to the security of the ecosystem. The protocol is also working on improving block time and total Transactions Per Second (TPS) to enhance scalability. Shibarium offers scalable and secure network access for DApp developers and provides minimal fees and high transaction speed. It recently gained support from Revoke.cash to add an extra layer of security for users. The Shiba Inu team has also introduced the Shiba Hub app for Shibarium. As a Polygon hard fork, Shibarium utilizes a sidechain for fast and cost-effective settlement powered by the BONE token.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | Shytoshi Kusama |
| Companies | Shibarium, Uniswap, Ethereum, Shibs of the Round Table, Burn Baby Burn, OpenSea, LucieSHIB, EIP-1559, Shiba Hub, X app, BONE, Revoke.cash |
| Currencies | Bone ShibaSwap, Shiba Inu |
| Securities | None |
