Shibarium's Mainnet Goes Live, Boasting Over 21M Wallets From Its Testnet Phase
Portfolio Pulse from Murtuza Merchant
Shiba Inu's Ethereum Layer 2 blockchain, Shibarium, has launched its mainnet after a successful testnet phase that saw over 21 million user wallets. The mainnet aims to address transaction speed and high gas fees issues in the blockchain space. It operates on the proof of stake consensus mechanism and rewards contributors with the BONE governance token. Shibarium also plans to integrate self-sovereign identity into its protocols for enhanced user privacy.
August 16, 2023 | 9:40 pm
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POSITIVE IMPACT
The launch of Shibarium's mainnet could increase the demand for the BONE governance token as it is used to reward contributors.
The launch of Shibarium's mainnet could increase the demand for the BONE governance token as it is used to reward contributors in the ecosystem. This could potentially lead to a positive impact on its price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
As Shibarium is anchored on the Ethereum blockchain, the successful launch of its mainnet could indirectly benefit Ethereum.
Shibarium is anchored on the Ethereum blockchain. Therefore, any success or growth in the Shibarium ecosystem could indirectly benefit Ethereum, potentially leading to a positive impact on its price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The launch of Shibarium's mainnet could potentially increase the utility and demand for Shiba Inu, potentially leading to a positive impact on its price.
The launch of Shibarium's mainnet, a part of the Shiba Inu ecosystem, could increase the utility of Shiba Inu as it aims to address transaction speed and high gas fees issues. This could potentially increase the demand for Shiba Inu, leading to a positive impact on its price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100