According to Unification Foundation, a provider of blockchain solutions for enterprises, it is now implementing the second private Alpha TestNet for Shibarium. This network will be utilised for network testing and the development of all end-user engagement tools such as wallets and block explorers, as well as token transfer bridges.
From the @UnificationUND medium#Shibarium Update:
In continuing the foundational work to support open source projects with large utility, the Unification team continues to play a strong role in the development of the Shibarium network. pic.twitter.com/99qJd5z8Y0
— MILKSHAKE (@shibainuart) April 11, 2022
Private invitations will be sent out to trusted testers. Their feedback will help improve and expand the network and tools before Shiba Inu officially releases a public beta Testnet.
Shiba Inu has high gas fees because it is an ERC-20 token built on top of the Ethereum blockchain, making it unaffordable for many newcomers. This is why many people believe Shibarium will be a game changer for one of the leading canine coins, as transactions could become much faster and cheaper.
Shiba Inu developers also intend to create SHI, an algorithmic stablecoin that will work on both Ethereum and Shibarium.
Shiba Inu has laid out a lot of development plans this year with new implementations such as Layer 2 Shibarium and SHI, the Shiba Ecosystem stablecoin, while also revealing the details of its Metaverse project “SHIB: The Metaverse.”
Recent updates also show that the SHIB burn portal is almost finished. Shiba Inu announced earlier this year that it is preparing to launch its own “burn portal,” through which SHIB tokens will be burned and removed from circulation on a daily basis. The development will increase market demand while creating scarcity, setting the stage for long-term price growth.
