LucieSHIB, a Shiba Inu fan, gave crucial details regarding Shibarium. She shared screenshots demonstrating the Shibarium bridge’s limited functionality.
Recall that Shibarium is presently being tested in the beta stage. The Shibarium bridge is anticipated to increase Layer 2 utility once it is fully operational.
An summary of the Shibarium blockchain is provided in the documentation. This comprises of the Ethereum + Shibarium bridge and the Shibarium PoS chain.
Shibarium’s PoS (proof-of-stake) chain processes transactions via side chains, which increases transaction speed and efficiency. PoS would also guarantee asset security by utilising Plasma Bridge technology and a decentralised network of validators.
Shibarium bridge offers a bi-directional transaction environment between Shibarium and Ethereum and also makes use of Plasma and PoS security.
The bridge would operate as a scaling solution and enable token transfers between the two networks without posing any hazards to third parties or affecting market liquidity.
The bridge prioritises decentralisation and speed while supporting EVM and allowing arbitrary state changes on its sidechains.
There are already over 450,000 ERC-20 tokens available on Ethereum. Once it is launched, the bridge, which would support ERC-20 tokens, might make Shibarium more useful.
The bridge would operate as a scaling solution and enable token transfers between the two networks without posing any hazards to third parties or affecting market liquidity.
BONE scores new exchange listing
Shiba Inu’s BONE has added another exchange listing, bringing the total number of postings for the week to a whopping sixteen. The Shiba Inu governance token, BONE ShibaSwap (BONE), has been listed by Australian company Hotcoin Global.
Unusually, this would be BONE’s sixth exchange listing in a short period of time. The Deepcoin exchange announced the listing of BONE as well as the cryptocurrency exchanges OKX, Huobi Global, CetoEX, and Flitpay.
