Shiba Inu, the decentralized meme token that evolved into a vibrant ecosystem, is gearing up for its next big leap: Shibarium. Shibarium is a layer 2 blockchain solution that will run on top of Ethereum, offering faster transactions, lower fees, and more possibilities for innovation.
Shibarium was first proposed by Ryoshi, the anonymous creator of Shiba Inu, in May 2021. Since then, the Shiba Inu team has been working hard to develop and test the framework that will enable Shibarium to become a reality. Shibarium aims to solve some of the challenges that have hindered the growth of Shiba Inu and other projects on Ethereum, such as scalability and gas costs.
According to the official website, Shibarium will be a transitional evolution for the Shiba Ecosystem, allowing it to expand into new domains such as metaverse, web3 innovation, and gaming. Shibarium will also host some of the existing and upcoming features of Shiba Inu, such as Shiboshi NFTs, ShibaSwap DEX, and blockchain games.
One of the most anticipated aspects of Shibarium is SERP - a protocol that promises to be a game-changer in the realm of Web3. SERP stands for Scalable Ecosystem Rewards Protocol, and it is designed to reward users for participating in various activities on Shibarium. SERP will also introduce a mechanism to burn SHIB tokens with every transaction on Shibarium, creating deflationary pressure and increasing its value over time.
SERP is expected to launch soon on Shibarium’s testnet - a sandbox environment where developers can test their code before deploying it on mainnet - where it will undergo rigorous examination and optimization. Once ready, SERP will be deployed on Shibarium’s mainnet - where it will interact with real users and assets.
Shibarium is not only an ambitious quest for Shiba Inu but also a potential catalyst for Web3 adoption. By offering a scalable, secure, and user-friendly layer 2 solution on top of Ethereum’s robust infrastructure, Shibarium can enable a new decentralized metaverse and gaming ecosystem where users can interact and transact in a trustless and decentralized way.
Shibarium is expected to launch in Q1 2023, according to its roadmap. Until then, users can stay tuned for more updates from the Shiba Inu team via their official channels.
