Breaking: Developer Update On Shiba Inu’s Shibarium, Is Date Final?
2 min read
The Unification hybrid blockchain platform recently updated the community on the progress of its Shiba Inu’s layer-2 blockchain solution, Shibarium. Although rumors have circulated that the Shibarium Beta launch would occur on February 14th, no official date has been announced by the company.
The lead developer of Shiba Inu, Shytoshi Kusama, previously hinted at the upcoming launch through his Twitter bio and location, but has since removed the information. This change has caused some uncertainty among the Shiba Inu community regarding the launch timeline.
Unification Announces Developer Work on Shibarium
Unification recently published a Medium post on February 3 to provide an update on the progress of its Oracle of Oracles (OoO) for the Shibarium Layer-2 blockchain. The post highlights that the Unification and Shiba Inu development teams have been working closely together to finalize the public beta deployment of Shibarium. The lead developer of Shiba Inu, Shytoshi Kusama, met with the Unification team in December to plan the final stages of the project.
The post states that the Unification team has been optimizing the application to ensure its readiness for the public beta launch. The recent work has enabled ad-hoc price requests from decentralized exchanges (DEX)s to support Shibarium more effectively. According to Shytoshi Kusama, Unification is crucial for the success of Shibarium.
Unification reports that the team has successfully tested the OoO on the Shibarium alpha network and that the data requests were successfully fulfilled on the Layer-2 network. The team utilized the bridged Test xFUND to cover the OoO fees on the Layer-2 network.
The post explains that Shiba Inu’s founder, Ryoshi, chose the Unification hybrid blockchain for the development of Shibarium because of its quick and permissionless solution for secure, efficient, and cost-effective decentralized applications. The team believes that Unification offers the only attractive option for the development of Shibarium.
SHIB Price Jumps 5%
Shiba Inu (SHIB) price has experienced a 5% increase in the last 24 hours, currently trading at 0.0000124 with a 24-hour low of $0.00001196 and a high of $0.00001291. The trading volume has also increased by 100% in the last 24 hours, suggesting an increase in trader interest.
Shibarium’s BONE token is currently experiencing a decline of 1% in value over the last 24 hours, with its current trading price at $1.47. The token had earlier reached a high of $1.57, but it is currently in a period of consolidation.
