Shibarium Update: Layer-2 Private Testnet Goes Live, Public Testnet to Come Soon, Reveal Developers

Vinod Dsouza
What is Shiba Inu Shibarium
Source: Unsplash

Shiba Inu holders might soon get a glimpse of the Shibarium layer-2 solution. The lead developer of SHIB, Shytoshi Kusama announced that ‘Unification’, a firm that’s working on the L2 platform is nearing the finish line. Shytoshi stated that the private testnet for Shibarium has gone live and the team is working on the updates. However, the private testnet is not accessible to people outside the SHIB and Unification umbrella.

After the private testnet is sorted and ready to go, the team will change it to the ‘public testnet’ mode. After that, Shiba Inu investors can get to look at the Shibarium layer-2 workings.

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As per a Medium blog post by Unification, the devs have completed the first private testnet and are now working on the second testnet. “The second version of Shibarium’s private testnet is live and under optimization across both teams with plans of a public testnet release to come very soon.”

Moreover, both Unification and Shytoshi did not specify a tentative timeline for the release of the public testnet. Nonetheless, going by the pace of the updates, an announcement about the release seems to be not too far away.

”Our small team of #Shiba devs is setting a node on $xFUND, our oracle provider for #ShibaSwap. This should be live this weekend. Big shout out to the @unificationUND team for their assistance in making sure that #ShibaSwap is magnificent. #SHIBARMY,” tweeted Shytoshi.

What is Shiba Inu’s Shibarium?

Shiba Inu will have its own blockchain in the form of Shibarium, which is a new network (layer-2 solution) built on the Ethereum platform. The main intention of Shibarium, as per Ryoshi’s blog, is to reduce the gas fee burden for its users.

Shibarium aims to drastically reduce transaction fees and will be an in-house platform for all transactional purposes. In other words, SHIB will bypass the Ethereum network and be a stand-alone platform of its own on the layer-2 solution.

At press time, Shiba Inu was trading at $0.00002806 and is up +23.8% in the 24-hours day trade.