Shiba Inu Coin News Today: SHIB 2.0 To Launch Shibarium Soon!!
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Shiba Inu Coin started as a meme token and has evolved so rapidly that the meme tag seems awkward with this multi-million gainer coin within a year. The Dogekiller Shiba Inu skyrocketed its price in 2021 and has crossed multi milestones. The developers behind Shiba Inu Coin want to drop the meme-coin tag permanently with the launch of its own Blockchain dubbed Shibarium.
Shibarium is expected to launch new functionalities for SHIB holders, including higher transaction speed and lower gas fees. Gas fees have been an issue for SHIB holders, and it was high enough due to being an ERC-20 token on Ethereum Blockchain. This high fee proved intolerable when the Shiboshis NFTs were launched. In some cases, users had to pay $900 per transaction for buying Shiboshis NFTs.
The SHIB developers practically started potential work on Shibarium, which is a Layer-2 solution, after launching Shiboshis NFTs. In the recent ShibAMA, the SHIB developers announced the roadmap for the Shibarium. They also confirmed that BONE would be used as a gas fee on Shibarium.
Shytoshi Kusama, the lead Shiba Inu developer, has already announced to launch their own stable coin on the Blockchain called SHI that runs its gas fees on the site. It could actually improve the network’s performance and establish SHIB as an important digital coin. However, there is no exact date for the new development launch. In the recent ShibAMA, lead developer Eric M only said that the project would be launching “soon” without any hint at any timeline.
The first-ever Shiboshis NFTs launched on ShibaSwap were highly appreciated by the buyers. The whole 10,000 NFTs were sold out in just 35 minutes, and many of the buyers left empty-handed though they paid heavy Ethereum gas fees. Those NFT generated multi times profit for their buyers on various platforms.
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