The project also confirmed that all transactions within the layer-2 network will have an implicit burn of Shiba Inu tokens.
) posted an update to inform its community about its upcoming beta release of Shibarium, a layer-2 network that will run on top of the Ethereum mainnet.that Shibarium is being built to provide a tool to allow the community to build and grow the project and fulfill its founder’s vision. While some believe that the creation of Shibarium is a way to increase the meme token’s price, the developers noted that this wasn’t the goal.
“Patience is key, and some see Shibarium as a price-pumping tool, but that is not the project's focus and never has been.” Instead, the developers mentioned that the goal of the new update in its infrastructure is to"revolutionize the Shiba ecosystem" by removing barriers to entry for small transactions, upgrading the speed, allowing the development of decentralized applications and integrating nonfungible tokens.A key update in the new announcement is one of the most-requested features for the project, which is a burning mechanism for SHIB.
While the developers did not give an exact date for the release, the team reiterated that their answer to all questions relating to the time frame is “soon.”
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