Shiba Inu’s Shibarium has 500 Interested Validators

Paigambar Mohan Raj

Shiba Inu’s (SHIB) lead developer, Shytoshi Kusama, has said that 500 people have expressed interest in being validators for the project’s upcoming layer-2 network, Shibarium.

According to a screenshot, most validators have already received an invitation to use Shiba Inu’s Shibarium testnet beta. Kusama also said that most validators will be given early access to the network. That way they can decide if being a validator actually suits their needs. However, some applicants did not receive the message. This, according to Kusama, was due to a tagging error.

How will Shiba Inu choose its Shibarium validators?

Blockchain nodes known as validators are in charge of confirming and approving transactions on a network. Operators known as validators are in charge of these nodes. When Shibarium debuts, the validators will be in charge of examining the legitimacy of each network transaction.

As revealed earlier, there are only 100 positions available for Shibarium validators. In January, Shiba Inu declared that it would choose these validators based on their training, expertise, and reliability. New validators can join the network when an active validator loses their spot because there are a limited number of slots available. To become Shibarium validators, validators must stake at least 10,000 ShibaSwap Bone (BONE) tokens. BONE is set to be the governance token for the upcoming layer-2 network.

Shiba Inu’s Shibarium network is one of the most anticipated launches of 2023. However, the team has not yet given an exact date. Although the testnet beta is live, there is no official word on when the mainnet will go live. The launch is one of the few things that is keeping the SHIB hype alive, therefore a lot seems to be hanging on its launch.

At press time, SHIB was trading at $0.00001033, down by 2.1% in the last 24 hours. Meanwhile, BONE was trading at $1.06, down by 4.4% in the last 24 hours.