On Saturday, pseudonymous Shiba Inu SHIB/USD developer Shytoshi Kusama announced the beta version of the highly anticipated layer-2 scaling solution Shibarium.
In a blog post, Kusama said that early beta testers can now use the testnet, which uses tokens called Puppynet that are not in any way investments.
“All tokens on Puppynet are NOT REAL. Don’t spend you’re hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills,” Kusama wrote, while also sharing a link to test the Ethereum scaling protocol.
“For the TLDR people, this is an open early beta test so go ahead, you can access it now here! Shibarium official RPC website is available here,” he wrote.
Last week, Kusama hinted at the progress of the layer-2 project Shibarium. He noted in his Twitter bio that ShibaSwap is the only official decentralized exchange (DEX) for the SHIB and Shibarium ecosystem.
Read Also: Floki Plunges After Elon Musk-Linked Rally — But This Shiba Inu Governance Token Spikes 11%
ShibaSwap aims to provide a safe place for traders to trade their crypto assets in a decentralized environment.
Shibarium, on the other hand, is an Ethereum-based layer-2 blockchain similar to Polygon MATIC/USD. It is designed to allow developers to create fast, inexpensive, and highly scalable applications. The project was first announced in May of 2021.
In other news, a crypto whale relocated 258,837,671,569 SHIB worth over $2.64 million to Shiba Inu’s smart contract, blockchain-tracking service Etherscan reported. The crypto whale reportedly still holds 4,925,361,871,313 Shiba Inu worth over $50.23 million.
At the time of writing, SHIB was trading at $0.00001032, down by 8% in the last week.
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
