The #ShibaInu development team has unveiled #Shibarium SSI, a cutting-edge initiative for incorporating digital IDs into projects within the ecosystem.

Read more on: https://thecryptobasic.com/2023/08/04/shiba-inu-unveils-revolutionary-initiative-to-integrate-digital-ids-in-shibarium/

#SHIBArmy #crypto #cryptonews

Days after inviting Elon Musk to the upcoming Blockchain Futuristic Conference, #ShibaInu tells the American billionaire its DMs are open. 

Read more on: https://thecryptobasic.com/2023/08/04/shiba-inu-responds-to-elon-musk-appreciation-tweet-says-its-dms-are-open/

#SHIBArmy #cryptonews #crypto2023

In a thrilling announcement, the creators of Shiba Inu have unveiled a significant advancement in the SHIB ecosystem. The eagerly awaited bridge between Shibarium, their innovative layer-2 solution, and Ethereum, has been officially released for public testing. Since its initial announcement in April, Shibarium has made remarkable progress, evolving from partial functionality to an open invitation for public use. The bridge implementation between Shibarium and Ethereum is currently in its beta phase, allowing users to explore its capabilities.

Shibarium Bridge - Scalability Solution

The Shibarium bridge utilizes a combination of Plasma and proof-of-stake technology to address scalability concerns—a crucial aspect for any blockchain network handling high transaction volumes without compromising speed or efficiency. During the beta phase, the bridge will initially support testnet ETH transfers, each taking approximately 30 minutes to complete. However, Lucie, the SHIB marketing specialist, advises caution and recommends not using real tokens on the cross-chain bridge at this stage to ensure security and avoid scams.

Advantages of Shibarium

Last month, Shibarium's advantages were highlighted, particularly the positive impact it could have on the project's gas fee token, Bone ShibaSwap (BONE), and the SHIB token. The reduction in gas fees on Shibarium is expected to drive demand and potentially increase the value of these tokens.

Shiba Inu's Influence and Market Cap

Unlike Dogecoin, which operates on its own blockchain, Shiba Inu is an ERC-20 token built on Ethereum. This means that Shiba Inu is influenced by the development decisions made within the Ethereum network. Currently boasting a market cap of over $4.8 billion, Shiba Inu has become the 14th largest cryptocurrency globally. With the anticipation of Shibarium's mainnet launch, bullish sentiments foresee SHIB achieving the elusive $0.001 mark and challenging Dogecoin's position in the crypto space.

Community Excitement

The Shiba Inu community is buzzing with excitement as they eagerly await the official launch of Shibarium on the mainnet. This transformative layer-2 network promises to elevate SHIB to new heights and open up a world of possibilities for this ambitious project. As the bridge between Shibarium and Ethereum progresses through its beta phase, the future looks promising for the Shiba Inu ecosystem. However, users are advised to exercise caution and verify the authenticity of any website before connecting their crypto wallets to ensure a secure and scam-free experience. #SHIBAINU #SHIBARIUM #SHIBA #SHIBArmy $SHIB

The number of #ShibaInu addresses hits a new all-time high as the community anticipates the mainnet launch of #Shibarium.  

Read more on: https://thecryptobasic.com/2023/08/05/team-reacts-as-number-of-shiba-inu-addresses-reaches-new-all-time-high/

#SHIBA #SHIBArmy #crypto

The #ShibaInu ecosystem lead developer has confirmed that the project will experience a paradigm shift soon, highlighting the significance of its newest partner. 

Read more on: https://thecryptobasic.com/2023/08/01/lead-developer-hints-at-shiba-inu-partners-role-in-shibs-next-phase/

#SHIB #SHIBArmy #crypto2023 #crypto