Despite being relatively new to the cryptocurrency market, Shiba Inu [SHIB] has experienced tremendous growth in popularity. The broad adoption it attracted was advantageous for the entire crypto market, not just SHIB alone. The primary developer now shifted attention to the network’s development side as its pricing tried to recover. Shytoshi Kusama teased the crowd for two long days before finally publishing his eagerly anticipated Medium post.
The Shiba Inu community has been anticipating a number of changes that are planned for the network. However, many have been suffering as a result of the ongoing weak market. Shytoshi Kusama nevertheless intends to follow out Ryoshi’s strategy “forcefully.”
The primary developer talks about the much awaited Shibarium in the Medium post. This Shiba Inu layer-2 solution has been under development for a while. Shytoshi provided updates even though this is scheduled to appear in Q3 of 2022.
“Shibarium is a key component in this uncanny war we find ourselves in as it will allow us to move assets on-chain with minor BONE (gas) fees empowering micro transactions.”
The Shiba Inu creator added that everything was proceeding as planned. The Public Beta date, however, hadn’t yet been announced by the creators.
Shiba Inu network to follow TerraUSD pattern?
The algorithmic stablecoin UST of Terra was destroyed in front of the entire globe. While some people have chosen to avoid all things stablecoin, the Shiba Inu network was continuing as usual. Shytoshi confirmed that the 2022 release date for SHI is still on schedule.
Currently, a team of programmers has presented a version of SHI that addresses the problems with previous projects. SHI would also be used in conjunction with this to balance payments without regard to market movements. Shytoshi elaborated on the same, saying,
“This will be an experimental protocol, like everything decentralized that Shib does, and a more detailed and complex set of information will be released about this token as it is finalized.”
The Shiba Inu network is hiding something! A brand-new prize coin called TREAT has been “quietly” being created by the developers. Shytoshi continued by explaining the rationale for this covert action. According to reports, the network sought a fairly clear-cut use case for the token. They also didn’t want to hurriedly place another symbol in the area.