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Home Cryptocurrency Shiba Inu Primed For Huge Price Outburst After Shibarium
Beta Bridge Goes...
 * Cryptocurrency
 * News


SHIBA INU PRIMED FOR HUGE PRICE OUTBURST AFTER SHIBARIUM BETA BRIDGE GOES LIVE
FOR PUBLIC TESTING

By
Newton Gitonga
-
July 30, 2023
1559
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Advertisement


   


In a major development for the crypto community, Shibarium Beta Bridge has been
launched for public testing, bringing Shibarium mainnet closer to launch.

The news, which was announced late Wednesday by LUCIE, Shiba Inu’s top marketing
strategist, has been generating a wave of excitement among cryptocurrency
enthusiasts as the revolutionary layer 2 solution inches closer.

“Shibarium Beta Bridge has gone live for public testing! Be among the first to
try out this revolutionary cross-chain solution,” wrote LUCIE on the X platform,
formerly Twitter.

LUCIE, however, urged users to be cautious and verify authenticity before
connecting their wallets to any website, emphasizing that they should not use
their real assets during the testing phase. Instead, only faucets, which
distribute small amounts of cryptocurrencies as rewards for easy tasks, should
be used during testing.

The Shibarium interface displayed in the images shared by the pundit reveals
that the layer two protocol will allow staking, enabling users to send and
receive crypto assets on the Shibarium network. The protocol also includes a
bridge that facilitates deposits and withdrawals between different networks.
Additionally, users can test moving their assets from the Ethereum blockchain to
Shibarium during the beta testing phase, although the process may take 20-30
minutes.

Advertisement

   

Reports from users who jumped into testing within an hour of the announcement
indicated a successful and positive experience. Many testers expressed
excitement and satisfaction with the Shibarium bridge, citing its security and
ease of use.

“The Shibarium bridge test is amazingly good, safe and easy to use, between
Shibarium and Ethereum. It’s unbelievably great, especially the security,
congratulations to the whole team and UnificationUND,” wrote one Shib enthusiast
“Cryptolight.”

The team behind Shibarium has been dropping hints about the imminent mainnet
launch of the layer 2 solution for the Shiba Inu network, further fueling
anticipation in the crypto community.

Earlier this week, the team launched a YouTube channel for Shibarium and
released a video highlighting some of the upcoming network’s benefits, including
increased security, transparency, and improved decentralization for the
ecosystem.

The video also sheds light on using the Shibarium bridge for cross-network
deposits and withdrawals, as well as the ability to stake holdings and earn
rewards on the network. Additionally, it revealed that the Ethereum (ETH)
network and Shibarium would mint the same number of tokens, ensuring a seamless
transition between the two networks.

However, despite the growing excitement, the exact launch date for Shibarium’s
mainnet remains unknown. While speculation points to the upcoming Blockchain
Futurist Conference in Toronto in August as a possible launch platform, the team
has not made any official announcements yet.

--------------------------------------------------------------------------------



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 * SHIBUSD

Previous articleCardano (ADA) Network Achieves Zero Downtime Milestone Amidst
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Next articlePomerdoge, Uniswap, Chainlink Emerge Soundest Ethereum-Based Tokens
Newton Gitonga
Newton Gitonga is a lawyer and crypto enthusiast. He has over five years of
experience analyzing derivative markets, FinTech, research, and Decentralized
Finance. Contact: Newton.Gitonga [at] zycrypto.com



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