While all eyes are on the Ethereum (ETH) merge, popular canine-themed crypto, Shiba Inu (SHIB) has given an update on its upcoming layer-2, Shibarium. SHIB’s L2 development is being advised by blockchain solutions company Unification. The L2 is aimed to improve speeds while decreasing costs. Maziar Sadri, product lead at Unification, wrote a paper on Medium, highlighting Shibarium’s upcoming beta test launch.
Sadri says that Unification is moving full steam ahead towards the fourth successful alpha and public test nets. According to the product head, the team is on schedule for an end-of-quarter launch, or maybe slightly after.
Furthermore, the developer/delegator sector will be the primary focus of the initial public beta test net. This is in order to provide a strong and prepared network to support the Shiba Inu Army.
Apart from assuring a safe and efficient mainnet launch, the public beta will also provide a far greater chance for open testing and bug fixing. Sadri says that any validator willing to participate in the test net is welcome to do so. In fact, joining the test net is recommended, especially for operators planning to join the mainnet when it launches.
Will Shiba Inu lose its “memecoin” tag?
Shiba Inu has come a long way since its launch in August 2020. 2022 was especially eventful as the project had a large number of collaborations and are planning a host of different launches. Apart from the aforementioned layer-2, the team has launched the public beta test version for their game, Shiba Eternity, in Vietnam.
The SHIB team is also working on a stablecoin, Shi, and a new reward token, TREAT. However, we do not have an official launch date for the tokens.
There has been a lot of development on the SHIB network. The project has gone beyond just being crypto. It finally has some real-world use cases. And as such, it is possible that the project will finally shed its “memecoin” tag.
At press time, Shiba Inu was trading at $0.00001191, down by 3.2% in the last 24 hours.