SHIB Shibarium Project Releases Public Beta Bridge, As Expected

Shiba Inu , a popular meme asset, is releasing a beta version of its layer-2 scaling solution for public use.

Shibarium’s ground-breaking cross-chain bridge is currently online and accessible for public testing, said marketing specialist Lucie. Lucie cautions people against trying out the bridge with their actual crypto holdings, nevertheless.

“Shibarium Beta Bridge has gone live for public testing! Be among the first to try out this revolutionary cross-chain solution. Remember, always exercise caution and verify authenticity before connecting your wallet to any website. PLEASE DO NOT USE YOUR REAL ASSETS! Only faucets.”

Users will be able to transfer tokens between Shibarium and the most popular smart contract platform Ethereum (ETH) through the bridge, which employs both Plasma and proof-of-stake (PoS) technology and acts as a scaling solution in and of itself.

“Moving between two large-scale blockchain networks requires a secure and robust cross-chain bridge, and Shibarium has achieved this by utilizing both Plasma and PoS security to create a trustless and bi-directional transaction environment between Shibarium and Ethereum.

This enables users to transfer tokens between the two networks without any third-party risks or impact on market liquidity. The network bridge is designed to be fast, cost-effective, and flexible, and also serves as a scaling solution.”

The advantages of Shibarium, including their effect on the project’s gas fee token Bone (BONE), as well as the SHIB token itself, were covered in length by Lucie last month.

“The reduced gas fees on Shibarium can have a significant impact on BONE, increasing its demand and potential value…

Shibarium significantly impacts the ecosystem by introducing a burning mechanism that reduces the supply of SHIB…

This burning mechanism has several key benefits. Firstly, it introduces deflationary aspects to SHIB tokens, reducing the supply over time. This can potentially benefit token holders through increased value and scarcity. Secondly, it helps maintain the supply-demand balance within the Shiba ecosystem.”

At the time of writing, SHIB is trading for $0.000008, an insignificant rise over the previous 24 hours.