$SHIB: Shiba Inu’s Shibarium Beta Bridge is Now Open for Public Testing
The developers behind the meme-inspired cryptocurrency Shiba Inu ($SHIB) have recently rolled out the beta version of the Shibarium bridge, an eagerly awaited test phase that allows the public to give the layer-2 scaling solution a try.
The announcement of this milestone was made recently by an influential figure within the community and has been greeted with excitement by the ShibArmy, the affectionate moniker for the Shiba Inu enthusiasts.
As the Shibarium Layer 2 network’s mainnet launch is on the horizon, the public beta bridge launch comes at a significant time and invites SHIBArmy members to engage with the cross-chain solution and offer their feedback.
The Shibarium beta bridge isn’t yet fully operational, and as such users were urged to not use their real assets while interacting the protocol, and keep on using those they receive from testnet faucets.
The bridge will allow users to move their assets from the Ethereum network onto Shibarium when it launches, allowing them to take full advantage of the layer-2 scaling solution that is set to remove tokens from circulating to reduce supply and help boost the price. This is known as a token burning mechanism, in which tokens are sent to wallets that can only receive tokens but not send, also called Dead Wallets.
Earlier this month the native test network of Shibarium, fondly called Puppynet, recorded an impressive tally of over 30 million transactions, emanating from an estimated 17 million wallets. This notable achievement signals the network’s steady march towards a broader release slated for the forthcoming months.
Shibarium represents a milestone for the Shiba Inu ecosystem, whose token is currently running on the Ethereum network which, despite being a highly safe and decentralized blockchain, has drawbacks when it comes to scalability and transaction throughput.
As CryptoGlobe reported, the meme-inspired cryptocurrency has been seeing significant growth over the last few months, to the point that data shows explosive growth of its daily new addresses on the network in the second quarter of the year.
Featured image via Unsplash.
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