{"id":12944,"date":"2022-06-24T19:45:58","date_gmt":"2022-06-24T19:45:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shibs-shibarium-public-beta-is-planned-for-deployment-in-q3-bitcoin-news\/"},"modified":"2022-06-24T19:45:58","modified_gmt":"2022-06-24T19:45:58","slug":"shibs-shibarium-public-beta-is-planned-for-deployment-in-q3-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shibs-shibarium-public-beta-is-planned-for-deployment-in-q3-bitcoin-news\/","title":{"rendered":"SHIB’s Shibarium Public Beta Is Planned for Deployment in Q3 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees down considerably and possibly to zero.<\/strong><\/p>\n

Shiba Inu\u2019s L2 Solution Shibarium to Launch in Q3, Ethereum Whale Acquires 163.2 Billion SHIB<\/h2>\n

The meme token shiba inu (SHIB)<\/a> has seen a 33.6% gain against the U.S. dollar during the last seven days and much of the rise revolves around the Shibarium announcement. Furthermore, an ethereum whale purchased 163.2 billion SHIB<\/a> during the last 24 hours worth around $1.74 million using today\u2019s SHIB exchange rates. There\u2019s been a lot of discussion about the L2 scaling solution Shibarium on the project\u2019s Discord server. and<\/p>\n

Furthermore, the Unification Foundation, a team of developers behind Shibarium, revealed a few updates about the upcoming project. According to the Unification Foundation, Shibarium was launched in a private setting during the alpha testnet phase. The developers explained that the results were successful and \u201cthe primary tool under heavy development is the wallet application.\u201d<\/p>\n

The Unification Foundation\u2019s Maziar Sadri<\/a> further added:<\/p>\n

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The Shibarium Public Beta Testnet is planned for deployment in Q3, to coincide with the FUND Testnet upgrade which includes the much anticipated IBC\/Gravity\/wFUND updates. The public Beta Testnet will allow parties to fully interact with the network, including the validation process.<\/p>\n<\/blockquote>\n

Year-to-Date SHIB Is up 56% Against the US Dollar<\/h2>\n

While SHIB<\/a> is up 33.6% during the last week, it is still 87.6% down from the all-time high the token saw in October 2021. Despite this, year-to-date, the SHIB token is still up 56% today against the U.S. dollar. At the time of writing, SHIB holders making money at the current price is around 23% according to Into the Block statistics<\/a>. SHIB has a large concentration of whales as Into the Block metrics indicate that SHIB\u2019s concentration of large holders is roughly 81%.<\/p>\n

SHIB also has a burn strategy that aims to make the crypto asset more scarce by allowing people to burn SHIB in the burn portal. While burning helps reduce the SHIB supply there\u2019s 589,390,205,650,282 SHIB in circulation today. While shiba inu has gained more than 33% during the past week, 10.1% was gathered during the last 24 hours.<\/p>\n

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Burn Portal<\/a>, Burn SHIB<\/a>, ethereum whale<\/a>, Into the Block data<\/a>, Ryoshi<\/a>, shib<\/a>, SHIB whales<\/a>, shiba inu<\/a>, Shibarium<\/a>, Shibarium launch<\/a>, Shytoshi Kusama<\/a>, Unification Foundation<\/a><\/div>\n<\/div>\n

What do you think about the upcoming Shibarium launch? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Editorial feature photo credit: Dennis Diatel<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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