Shiba Inu-Based Shibarium Blockchain Expected to Go Live in August

The layer 2 network will utilize bone, treat, shib and leash tokens for applications built on the blockchain.

The much-awaited layer 2 blockchain Shibarium is expected to go live after a Toronto conference in August, developer Shytoshi Kusama said in a Thursday blog.

Layer 2 refers to a set of off-chain systems (separate blockchains) built on top of layer 1 protocols that reduce bottlenecks with scaling and data. These bundle multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load and fees.

“The completed Worldpaper will be exhibited, all Shib branded projects will be published and Treat will be published in detail for the first time,” Kusama said.

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