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November 27December 03

Prizepool

200 USDC

Shibarium.io logo

Shibarium.io

Shibarium
Launched On
2024-05-01
BSC:
0x874860C9a972603d31302977C4390f20c9f3B62f

Live Price & Chart

What is Shibarium.io (Shibarium)?

Shibarium was first proposed by Ryoshi, the creator of Shiba Inu as a blockchain, Layer-2 solution. Ryoshi believed that to achieve true decentralization, a community must have its own low cost blockchain solution. For this reason, Shibarium was presented as one of the primary goals of the Shiba Inu experiment as it, theoretically, would reduce transaction fees for those involved in the Shiba ecosystem.

Ryoshi initially stated that Shibarium's transaction fees would be minimal, if not zero. "Shibarium will offer low fees for every service, game, or application built on it," explained the Shiba Project Lead, who goes by the name Shytoshi Kusama. "Seconds for less than pennies," is the goal turnaround time for transactions.

Although one of the most secure blockchains in existence, Ethereum faces a number of challenges, including high gas fees. The Shiboshi NFTs were affected by heavy gas prices as Shiba relied heavily on the Ethereum network.

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Shibarium.io Rank
Overall rank22299
Daily rank14
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