Shibarium, a new project associated with the SHIB token, is developing a new way to burn SHIB tokens. Shytoshi Kusama, the project’s lead developer, has stated that there would be no delays in the project’s launch.
A new burn mechanism was recently described on the Twitter account Shibarium Gems.
The introduction of Shibarium, a new layer-2 blockchain for the Shiba Inu token, has been met with excitement from the SHIB community. This is due in part to the project’s unique burning mechanism, which aims to reduce the supply of SHIB tokens and make them more scarce.
Shibarium, a much-anticipated Layer 2 blockchain solution for Shiba Inu, will unveil its mainnet at the Blockchain Futurist Conference in Toronto, Canada. Leading Shibarium developer Shytoshi Kusama announced this in a recent blog post.
A major blockchain industry conference called the Blockchain Futurist Conference will be held in Toronto, Canada, from August 13–17, 2023. The Shibarium team of Shiba Inu will use this moment to announce its great news to the community, as it is one of the event’s primary sponsors.
Shibarium is a Layer 2 blockchain that is designed to address the scalability and transaction fee issues of Ethereum. By using off-chain systems and bundling multiple transactions together, Shibarium can reduce the load on the Ethereum mainnet, which can lead to lower fees and faster transactions.