Statement from the Shiba Inu Crypto Community: “Starting in the 3rd Quarter!”

The public beta is expected to start in the third quarter, according to a statement by the Shiba Inu crypto community. Following the announcement, the second tier (L2) scaling solution Shibarium is planned to be released.

According to Shiba Inu developers Shytoshi Kusama and Ryoshi, the second-tier solution aims to significantly reduce transaction fees to zero. Meme token Shiba Inu has achieved 33.6 percent success against the dollar in the past week. This increase occurred right after the Shibarium announcement. An Ethereum whale has purchased 163.2 billion SHIB worth approximately $1.74 million in the last 24 hours using today’s SHIB exchange rates.

There has been a lot of discussion on the project’s Discord server covering Shibarium. It was also noted that there is no team of developers behind Shibarium. This team is the Unification Foundation. The team has included a few updates on the upcoming project. According to the foundation, the Shibarium alpha testnet phase was launched in a private environment. In addition, the developers declared that the results were successful and the primary tool under intensive development is the wallet application. Foundation officer Maziar Sadri commented on the subject:

“The Shibarium Public Beta Testnet is scheduled to go live in Q3 to coincide with the FUND Testnet upgrade, which includes the much anticipated IBC/Gravity/wFUND updates. The public Beta Testnet will contribute to the verification process of the parties. It will also allow it to fully interact with the network, including these.”

Source: nfxhaber.com