What Is Shibarium?

Shibarium is a Layer-2 scaling solution for the Shiba Inu network

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Developed by Ryoshi, the creator of Shiba Inu, Shibarium aims to enhance scalability and reduce transaction fees

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Layer-2 solutions like Shibarium are secondary frameworks that improve blockchain scalability

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Think of them as smaller versions of the mainnet, maintaining security and decentralization while boosting throughput and reducing gas costs

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Shibarium will be a layer-2 blockchain built on top of Ethereum

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Once it launches, Shiba Inu (SHIB) will migrate to L2 while remaining connected to Ethereum

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This migration could stabilize and increase the price of SHIB through a proposed burning mechanism

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Unlike its own blockchain, Shibarium won't have its own cryptocurrency. However, it will play a vital role in reducing the "memecoin" status of SHIB

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The burn mechanism introduced by Shibarium aims to combat pump and dump schemes and increase stability

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