• The Shibarium scanner showed a stall in transactions as of this writing.
• SHIB and BONE have been on a decline as negative feedback persists.

On 16 August, the Shiba Inu [SHIB] community received a response regarding the question of “when Shibarium.” The eagerly anticipated Shibarium platform was finally introduced. This launch brought crucial utility to SHIB and BONE tokens, attempting to elevate them beyond meme coins. Nevertheless, the launch didn’t proceed as smoothly as some users had hoped, as few challenges surfaced.

Is your portfolio green? Check out the Shiba Inu Profit Calculator

Introducing the Shiba Inu Shibarium

On 16 August, the Shiba Inu community was informed about the launch of Shibarium. This Ethereum Layer 2 (L2) solution was introduced several months after initiating the testnet. Upon its launch, the testnet garnered immense activity with millions of transactions and registered wallets. The high transaction volume and wallet count on the testnet indicated the platform’s popularity.

Also, the recently launched Shibarium has already begun witnessing wallet addresses and transactions. As of this writing, the number of wallets has surpassed 2,000, while over 190,000 blocks have been generated, along with more than 200 transactions.

Shibarium employs a novel consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings in the relevant cryptocurrency. This approach aims to avoid the computational expenses associated with proof-of-work systems.

Go to Source to See Full Article
Author: Adewale Olarinde

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details