Shiba Inu Developer: Shibarium will bring Decentralization “In Real Life”

Paigambar Mohan Raj
Source: VOI

Of all the projects announced by Shiba Inu (SHIB), the Shibarium Layer-2 project has gotten the most interest from the SHIB community. 

Projects like SHIB: The Metaverse and the Shiba Inu game will undoubtedly add to an already wide network, as the Shiba Inu ecosystem continues to flourish through its expansive roadmap. However, Shibarium will be used in a number of other upcoming projects.

In a recent tweet, SHIB developer, Shytoshi Kusama, said that Shibarium is the “driving force” behind all his actions. According to Kusama,

“.. it is the best opportunity to bring decentralization to all industries IRL and Digital.”

Shibarium will also have real-life decentralization, as per Kusama’s tweet. However, not much about its real-life utilities has been revealed. Kusama goes on to mock the people who think otherwise by saying that those are the people who purchased Bitconnect, the infamous Ponzi scheme, at all-time high prices. 

What is Shibarium by Shiba Inu?

Ryoshi, the founder of SHIB, described Shibarium as a blockchain/layer-2 option for Shiba Inu. SHIB tokens will be moved to the Shibarium ecosystem once it debuts. Although Ryoshi used the term “blockchain” at first, Shibarium is more likely to be an L2 built on top of an existing (Ethereum) blockchain. The Shiba Inu creator said,

“The line between an L2 and its own blockchain is thin, I mean what is the difference really between Matic L2 and BSC?”

Lowering transaction prices for those in the Shiba Inu ecosystem will be one of the key goals. Shibarium’s transaction fees will be small, if not nonexistent, according to Ryoshi.

Kusama had previously commented via Discord,

“Shibarium will offer low fees for every service, game or whatever that builds on it.”

Shibarium, like previous SHIB projects, will use some sort of SHIB burning mechanics to burn SHIB. It could also serve as a link between different ecosystems. Although we do not have a release date for Shibarium as of yet, Kusama has promised that the launch will take place “very soon.”