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Shiba Inu Releases Documentation For Shibarium Beta: A Low-Cost Blockchain Solution

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Shiba Inu developers have made public documentation for Shibarium beta, a blockchain layer-2 solution for the Shiba ecosystem. The objective is to provide a cost-effective blockchain solution for the Shiba ecosystem, and it is expected to reduce transaction fees for those involved in the Shiba Inu experiment. 

Shibarium was first proposed by Ryoshi, the creator of Shiba Inu, who believed that a community must have a low-cost blockchain solution for true decentralization. He stated that Shibarium’s transaction fees would be minimal or zero, enabling seconds for less than pennies turnaround time for transactions.

Shibarium’s layer-2 solution is designed to provide people, developers, and businesses with faster transaction speed and lower fees than blockchains. 

It also serves as a foundation for developing decentralized applications (DApps), including Shib – The Metaverse (Shib.io), Shiba Eternity, and various other products, projects, platforms, and services within the broader Shiba Inu community.

Benefits Of Using Shiba Inu’s Shibarium

One of the main benefits of using Shibarium is security, as it is a highly secure and tamper-proof platform that can store and transmit sensitive data. To secure the blockchain, a proof-of-stake algorithm requires users to stake their BONE tokens from the Shiba Inu Ecosystem to participate in the network. 

This method ensures that validators have a stake in the blockchain’s success, thereby bolstering its security. Moreover, a network of nodes also provides the safety of the blockchain by validating transactions and keeping the blockchain updated.

Another advantage of Shibarium is that it is a transparent platform that allows users to track all transactions and activities. It is also a faster and more efficient platform that processes transactions quickly and easily. In addition, people and businesses can save money on transaction fees by using Shibarium, making it a cost-effective platform.

Shibarium’s PoS (Proof-of-Stake) chain utilizes side chains to process transactions, resulting in unparalleled transaction speed and cost efficiency. PoS also guarantees asset security by employing the reliable Plasma bridge framework and a decentralized network of PoS validators. 

The platform is fully EVM compatible, allowing smart contracts to be deployed directly on it, and it is easy to transfer tokens between Shibarium and Ethereum.

Nevertheless, Shibarium is designed to be compatible with major ERC standards, ensuring seamless integration. It has been built to scale and adjust to the requirements of any organization, product, platform, project, community, or token. 

The platform maintains the security features of Ethereum while substantially enhancing the blockchain’s speed, making it an exciting development for the Shiba Inu community.

Related Reading | Binance Spot Trading Halts: Swift Response & Transparent Updates Eases Customer Concerns

Cardano Trading Pair Delisted Citing Low Trading Volume

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Cardano, Shiba Inu, Polygon, and Solana are among the crypto assets to be delisted by Binance.US due to low trading activity.

Based on recent trading activity, Binance.US will remove and cease trading for the following Advanced Trading pairs on March 29, 2023, at 8 p.m. PDT / 11 p.m. EDT. 

As per the announcement post, the affected trading pairs are ADA/BUSD, ALGO/BUSD, BUSD/USD, BUSD/USDT, EOS/BUSD, LPT/BUSD, MANA/BUSD, MATIC/BUSD, NEAR/BUSD, OMG/BUSD, SHIB/BUSD, SOL/BUSD, TRX/BUSD, USDC/BUSD, XTZ/BUSD, and ZIL/BUSD. 

It added:

We recommend that you carefully review your trades and execute or cancel open orders on impacted Advanced Trading pairs before they are removed from Binance.US. Deposits and withdrawals for BUSD remain available. 

The delisting occurred as regulatory action against the token issuer and a scheduled delisting from a major cryptocurrency exchange caused Binance USD’s market cap to drop below $10 billion for the first time in almost two years.

The New York Department of Financial Services instructed stablecoin issuer Paxos to stop creating new Binance USD [BUSD] tokens as of February 21.

In terms of Cardano, its ADA token was recently coupled with the second-largest stablecoin in the world to trade on Binance’s US market. Together with ADA, the stablecoin’s rival Solana [SOL] was also added.

Binance.US noted that the inclusion of the two leading altcoins aims to achieve “scalability, interoperability, and sustainability.” TronWeekly reported the other day.

At the time of writing, ADA was marginally down in the last 24 hours to $0.37. The 7th-ranked altcoin’s market cap stood at $12.8 billion.

Cardano DeFi Surge To New Heights

Despite the lackluster price action, the Cardano network is seeing positive growth.

According to data from pool.pm, the total number of native assets has surpassed eight million and is currently 8,027,363. They were minted on 70,901 different policies. Moreover, 7,511,799 NFTs have been reported based on the same data source.

With 118 projects already launched, there are 1,213 projects developing on Cardano, bringing the total number of transactions on the network to 63 million.

Data from DeFiLlama showed that the ADA-denominated value locked in the Cardano DeFi has risen to new heights of 405.63 million. As of now, Cardano DeFi has a total value locked in dollars of $135 million, the highest in 2023.

Shiba Inu Gains Major Exposure With This Listing

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Efforts of the Shiba Inu army finally prevailed, as the popular meme token is set to go live on a leading Japan-based crypto exchange BitFlyer.

Although the specific dates are yet to be announced, the trading platform unveiled a lottery with a prize pool of 10,000 yen for 20 eligible winners to commemorate the listing.

As per the translated tweet of BitFlyer, the promotion will begin on March 22 and conclude as soon as it begins handling SHIB.

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Shiba Inu Gains Major Exposure With This Listing 2

The latest listing was possible, thanks to the efforts undertaken by the Shiba Inu community to get the token listed on japan’s top crypto exchange.

A member of the Shiba Inu community who uses the Twitter handle @Cheggy19 took it upon themself to lead the charge to list SHIB on Japanese cryptocurrency exchanges.

Founded in 2014, the trading platform is the largest bitcoin exchange in the world by volume, transacting $250 billion year-to-date, and has over 2.5 million users worldwide.

In further testimony to its huge demand from the nation’s crypto investors, OKCoin Japan began trading the second-largest meme coin on February 28.

The most notable disclosure was made by Binance US, the US subsidiary of the well-known cryptocurrency exchange Binance, who revealed through Twitter in mid-February that trading for SHIB/USD is now supported on their platform.

As reported by TronWeekly, the addition of SHIB on Binance US is regarded as a crucial turning point for the ecosystem of the token because it increases its exposure and accessibility to investors in the US.

Having said that, SHIB’s project lead Shytoshi Kusama constantly influences the ecosystem of the meme token through his tweets, most recently teasing the introduction of the Shibarium beta on multiple occasions.

Shiba Inu Price May Pull A Surprise

Shiba Inu’s price has stabilized since it fell to an all-time low in June of last year. Experts predict that similar to what has happened in the rest of the crypto market, there may be further consolidation in the Shiba Inu ecosystem in the upcoming quarters.

Nonetheless, a supply and demand shock following the debut of Shibarium beta may cause the Shiba Inu price to pull off a surprise breakthrough.

At the time of writing this piece, the 13th-ranked token was up 3% in the last 24 hours to trade at $0.000010.

Shiba Inu: Shytoshi Kusama Impersonator Flouts Fake Rewards Program

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Scamsters posing as Shiba Inu’s project lead Shytoshi Kusama targeting users with phony rewards schemes.

One SHIB-focused Twitter account shared the link of a fraudster impersonating Kusama and warned against clicking the dubious link.

As per reports, this fake rewards program comes with claims like “TONS of unclaimed rewards” for those who hold BONE, SHIB, LEASH, and other related tokens.

The tweet begins with a bogus announcement like Shibarium Beta’s private access has been enabled enticing people to join in order to be eligible for incentives.

After they are persuaded that the tweet is real, users would be asked for their personal information or access to their digital wallets.

When provided with these sensitive details, scammers will have access to their cryptocurrency assets, including the full Shiba Inu trifecta: SHIB, LEASH, and BONE.

Of late, the SHIB ecosystem is teeming with a lot of activities ranging from the Shibarium’s beta launch earlier this March, tokens listing, SHIB metaverse event to the Puppynet drama. This provided a fertile ground for these fraudsters to target SHIB users.

However, users can simply avoid such traps by following some safety guidelines like avoiding interaction with unverified accounts on social media platforms like Twitter.

If one comes across any such dubious accounts claiming to be the project lead or anyone from the Shiba Inu team, one should report and block such accounts. Additionally, they should also verify the authenticity of the source before providing any personal information or access to digital wallets.

Shiba Inu’s Project Lead Caution Users

Moreover, Kusama himself recently warned that many Shibarium scams using his name with fake rewards schemes have cropped up, and urged users to not fall for these fraudulent offers.

The lead developer also provided the user with a tip on how to distinguish between a legitimate and phony Twitter account. The genuine one has a blue verification checkmark on it.

As his following has been edging closer to 1 million, Kusama received it last week. At the time of writing, over 908k people are following the SHIB developer on Twitter.

That said, the Shiba Inu ecosystem was in the midst of a recent scandal pertaining to the Shibarium beta testnet sharing the same chain ID of an existing blockchain

Kusama claimed that Puppynet and Shibarium both used the same ChainID number and that the creators of Shibarium evidently forgot to delete it. He also disclosed that a new version of the BETA network with a different chain ID will soon be launched.

Shytoshi Kusama Reacts To Shiba Inu-Themed Restaurant’s Live Broadcast

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A Shiba Inu-themed restaurant in Australia started streaming live as part of its grand opening. Project leader Shytoshi Kusama noticed the widely publicized event and tweeted, “A great example of decentralization”.

Earlier, in Dec last year, Shiba fans announced the restaurant dedicated to the meme coin in the nation. Dubbed Shiba Wings, the chicken restaurant would come with a crypto ATM installed on the premises.

The restaurant will feature Shiba Inu with fiery wings as its logo, possibly suggesting the SHIB burning mechanism.

Touted to be Australia’s first ‘cryptoDINER, the eating joint, is set to open on the Gold Coast and will allow cryptocurrency payments for placing orders for burgers, hot wings, and beer.

The new restaurant would include support for the NowPayments platform’s payment system, which lets customers pay with cryptocurrencies to order food.

The founders of the restaurant claimed that Shiba Wings is also open to incorporating Shibarium, a layer 2 update that is designed to boost SHIB’s scalability on the Ethereum blockchain.

Notably, this Australian-based restaurant is not the only SHIB-accepting restaurant that is making its debut over the last year.

Shiba Inu Restaurant Sprang Up In Japan And Venezuela

According to reports, Shytoshi Kusama, the lead developer of Shiba in February, revealed SHIB teaming up with Welly, an Italian burger chain.

As per a recent tweet, Welly, the Shiba Inu-themed burger joint, is planning to expand its footprint into Tokyo, Japan.

The team asked its “Welly pals” in the area to organize a meet-up but did not specify the activities that would be done over the course of seven days.

At the beginning of the year, Welly declared that its key priorities were opening new stores and expanding its franchise network. So, it could be logical to assume that Welly’s travel to Japan still had an expansion-focused objective.

In addition to that, another Shiba Inu branded food venture, titled Shiba food park debuted in Venezuela.

Meanwhile, the SHIB burn rate has once more shown a sharp increase as an astonishing quantity of meme currencies were transferred to “inferno” wallets.

Almost one billion Shiba Inu coins have been burned in a span of 24 hours, which is slightly less than half of the total number of SHIB that have been destroyed over the previous seven days. Shiba Inu, a well-known meme coin, has increased by more than 7% during the past week.


Shiba Inu Team Dispel FUD On The Puppynet Drama

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Shiba Inu ecosystem was in the midst of a recent scandal pertaining to its layer-2 protocol. Concerns about the Shibarium beta testnet sharing the same chain ID as an existing blockchain were raised by a prominent member of the community.

“Chain ID is the simplest thing any Blockchain dev looks for first when deploying a Blockchain,” community member Steve wrote.

“As using an ID that already exists is just incompetent as your chain wouldn’t work properly and everyone trying to interact with your chain would instead interact with the other chain.”

“Why is it that it looks like shibarium test net has taken rinia testnet genesis file? Changed the name from renia. But forgot to change the chain ID,” Steve added.

Soon the issue spread like wildfire with developers and other leading community members chiming in, each coming with their own theories.

Things further escalated when YouTuber BitBoy entered the scene, threatening to expose the identity of Shiba Inu’s lead dev Shytoshi Kusama.

Kusama also didn’t hold back and took BitBoy on, requesting receipts and enquiring as to how his T-shirt sales were going.

In an effort to dispel some of the FUD, the principal Shiba Inu developer issued a number of statements in the Shibarium Telegram chat.

Kusama claimed that Puppynet and Shibarium both used the same ChainID number and that the creators of Shibarium evidently forgot to delete it.

Shibarium is not an open-source project, according to the Shiba Inu project lead, and forking would be against the rules.

He did stress that Puppynet is simply a testnet and that “multiple nets to address any bugs found in the current Puppynet version.” will be available.

Another developer also took to Twitter to dispel the misinformation saying that when the Alpha network was deployed, a few chain IDs were chosen at random: 417 [Alpha], 517 [Staging], and 917 [pre-pod/beta].

Shiba Inu Dev To Soon Deploy A Fresh BETA Iteration With New Chain ID

He admitted to not double-checking the date the puppynet network was launched because the aforementioned chains were not yet officially registered anywhere.

The concerned developer, Kaal Dhairya, also disclosed that a new version of the BETA network with a different chain ID will soon be launched.

Without getting into any fist fights I will be redeploying new version of BETA network with a new chain ID Fresh deployments will be rare in the future but are possible because we will still be in BETA phase. I wish good luck to the blockchain and hope we can all work together.

Shiba Inu Metaverse Booth Draws Huge Crowd

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A Shiba Inu-focused Twitter account shared pictures of people queuing to get a glimpse of the Shib Metaverse experience, saying that the SHIB booth has become “a very popular spot in the hall.”

Deemed the most highly anticipated project on SHIB’s layer-2 Shibarium, the Shiba Inu Metaverse saw its official beta launch on 11 March.

And at the South by Southwest [SXSW] festival, the creators debuted an extensive look at what it will look like in a region of the Metaverse, the WAGMI Temple Hub, through an immersive extended reality experience.

Named after the crypto rally cry, “We’re All Going to Make It,” the WAGMI Temple is the first of 11 hubs in the SHIB metaverse.

As per the official Shiba Inu token website, the Wagmi Temple provides “a Zen-like realm of calming sensations, meditation, natural beauty, and spiritual connections to the world”.

It is designed to lead users through SHIB’s history, the token’s discovery, and its decentralized foundations.

Usually referred to as SXSW or South By, the South by Southwest festival and conference is an annual gathering of parallel film, interactive media, and music festivals and conferences that are planned and held in Austin, Texas, in March. The event started from March 12–14 this year.

As reported by TronWeekly, the Shiba Inu team recently celebrated the premiere of “SHIB The Metaverse,” marking the metaverse’s entry into SXSW.

Shiba Inu Team Kickstarted “Metaverse Happy Hour”

The “metaverse happy hour” event was held at the Shiba Inu community and departure lounge on March 11 from 5:30 p.m. to 7:30 p.m. CST to conclude press day and launch the SXSW Interactive track.

The immersive music video featured “The Dark VR” and “Shib the Metaverse” that was made available to the visitors to the XR Exhibition.

In addition to that, the event also had Marcie Jastrow, a SHIB metaverse advisor, who held a panel discussion titled “READY, SET, METAVERSE,” examining the creative and technical processes involved in producing metaverse experiences using modern technology.

Earlier, Marcie Jastrow attended the Immerse Global Summit in Miami, Florida, in December on behalf of SHIB.

Together with Jastrow, The Third Floor, a partner company, served as the panel’s other hosts. The metaverse of SHIB will once again be highlighted during a significant event. Other participating firms present were TerraZero, Microsoft, Web3Equity, and Facebook’s Meta.

Shiba Inu: David Gokhshtein Made Another Hilarious Comment

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One of the most vocal Shiba Inu proponents, the founder of Gokhshtein Media, David Gokhshtein once again reaffirmed his support for the meme token.

In his latest tweets, Gokhshtein joked that he would be spending his SHIB tokens to buy groceries.

Earlier the SHIBA fan commented that the popular meme coin would do “epic shit”, and stated he has “enough SHIB” at the moment.

Gokhshtein, throughout time, has thrown his weight behind the meme coin.

Gokhshtein in his earlier tweets claimed that not all meme coins have the same potential for success as Shiba Inu does. Despite his “extensive research”, he hasn’t yet come across anything that can be compared to SHIB.

The most recent remarks come after Shytoshi Kusama, the leader of the SHIB development team, used Twitter to provide a sneak preview of SHIB Metaverse to be showcased in SXSW, an annual event held in Texas, USA.

As he specifically stated, the poster that Kusama shared is a screenshot from the Shiba Inu Metaverse. The WAGMI Temple appears to be depicted in the screenshot, one of the 11 hubs that will be made available to all players once the SHIB-based virtual universe starts.

The project is created by the SHIB team in partnership with The Third Floor studio.

On the other side, the memecoin experienced a surge in its burn rate after a period of a downtrend. As per data from Shibburn, the SHIB burn rate, was up by a whopping 2,452% despite the negative sentiment that has engulfed the crypto market of late.

Refer here for more details on crypto’s latest trouble.

Recently, the decentralized domain service Unstoppable Domains announced the inclusion of the Shibtoken to its list of supported cryptocurrencies.

Unstoppable Domains adds Shiba Inu

The ShibArmy, which has been actively supporting the Shibtoken, has welcomed this as fantastic news.

The official Shib Twitter account has made another piece of interesting news in addition to the Unstoppable Domains announcement.

Shiba Inu and Departure Lounge recently hosted a special Metaverse Happy Hour at SXSW 2023, open for all. The SXSW Interactive track will officially begin with the Happy Hour event on March 11th.

Shiba Inu’s BONE Starts Trading At Justin Sun-Backed Exchange

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Shiba Inu’s BONE has gained a listing in the Poloniex exchange which is backed by TRON’s Justin Sun. As per the announcement post, the token’s wallets will open on March 9, 2023, at 10:00 a.m. UTC and full trading will go live on March 9, 2023, at 11:00 a.m.

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Shiba Inu's BONE Starts Trading At Justin Sun-Backed Exchange 4

BONE secured several high-profile listings owing to the upcoming Shibarium launch, a layer-two scaling protocol of Shiba Inu that will serve as the backbone of the ShibaSwap ecosystem.

Besides being the governance token, BONE will allow the ShibArmy to vote on upcoming proposals. It would also be used to reward validators and delegators.

As reported by TronWeekly, Crypto․com, a leading crypto exchange, recently announced listing the token for trading. 

In addition to that, the token has landed on several top exchanges, such as Gate.io, Huobi, and Bitget.

BONE also expanded its footprint in NovaDAX, a Brazilian cryptocurrency asset exchange.

However, the new listing has not made any significant impact on the token’s price as the 94-ranked asset is currently languishing at $1.70, down by over 5% in the past 24 hours.

The asset’s current drawdown has erased much of its gains acquired last month that saw the asset reaching a new year high of over $2 on Feb 24.

Despite its price drop, the relatively new token has emerged as one of the best-performing altcoins in the crypto market.

Shiba Inu’s BONE Flash Bullish Signs- Report

Based on volume over the past five days, InvestorsObserver Sentiment Score, a trustworthy gauge of cryptocurrency performance, has assigned Bone ShibaSwap a Bullish rating.

The unprecedented surge coincides with BoneArmy’s most recent announcement regarding this week’s public beta launch of SHIBARIUM.

Crypto fans and token aficionados worldwide awaited further information on accessing the beta website as the community shared the wonderful news on their official social media channels.

One tweet by the token’s official Twitter account read:

Finally, all the things I said about this token in these two years have been proven. How long have you been following me? I want to know who are the old followers.

Users are urged to follow official blog updates and social media handles as the exact date has not been disclosed.

Hot Cryptos Of 2023: Shiba Inu (SHIB), Axie Infinity (AXS) and Orbeon Protocol (ORBN) Top The List

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It’s 2023, and the crypto market is heating up with exciting new options for investors. If you’re looking to jump on board, Shiba Inu (SHIB), Axie Infinity (AXS) and Orbeon Protocol (ORBN) are three hot cryptos that should be on your radar. 

Currently, the Orbeon Protocol (ORBN) approach to crowdfunding is making waves. With Orbeon Protocol (ORBN), investors who previously couldn’t participate in traditional, venture-based crowdfunding can now get involved for as little as $1. 

By allowing users to purchase equity-backed NFTs, Orbeon Protocol (ORBN) opens up a new world of possibilities. And with a presale price of $0.004 that’s since risen by an impressive 1987%, Orbeon Protocol (ORBN) token is definitely one to watch.

>>BUY ORBEON TOKENS HERE<<

Shiba Inu (SHIB)

Shiba Inu (SHIB) has followed in the footsteps of Dogecoin (DOGE) to become the market’s second-largest meme coin. Shiba Inu (SHIB) competes with the popularity of Dogecoin (DOGE), with a market valuation approaching $7 billion.

Shiba Inu (SHIB) has dubbed itself the “Dogecoin Killer,” and has garnered recognition and value due to the endearing characteristics Shiba Inu (SHIB) has combined with attention-grabbing tweets from Elon Musk.

Shiba Inu (SHIB) is an open-source cryptocurrency built on the Ethereum (ETH) network, allowing token holders to trade cryptocurrencies cheaply. Shiba Inu (SHIB) also offers a metaverse where users can communicate with other Shiba Inu (SHIB) holders. 

>>BUY ORBEON TOKENS HERE<<

Axie Infinity (AXS)

Axie Infinity (AXS) aspires to build an ecosystem of excellent Axie Infinity (AXS) game experiences that player and community-owned economies support. Property rights will be granted to all internet users, beginning with gamers. A team of Vietnamese engineers created the Axie Infinity (AXS) project in 2017.

Axie Infinity (AXS) revolves around its game platform, which allows users to gather, combat and construct imaginary creatures known as Axies. Axie Infinity (AXS) has recently experienced rapid growth as the Axie Infinity (AXS) team continues to build new features like land play and upgradable Axies.

The benefits of Axie Infinity (AXS) extend beyond national borders and the banking industry. Axie Infinity (AXS), which was designed to help people overcome financial challenges, intends to do the same for others.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN)

The Orbeon Protocol (ORBN) approach to crowdfunding allows investors who previously could not participate in more traditional, venture-based crowdfunding to do so.

Orbeon Protocol (ORBN) allows users to purchase equity tokens for as little as $1. Orbeon Protocol (ORBN) enables businesses to raise funding without going through the time-consuming and costly traditional fundraising process.

Orbeon Protocol (ORBN) will harness the power of blockchain technology to protect investors from the typical risks of crowdsourcing. If a firm fails to meet its fundraising target, the “Fill or Kill” function built into each NFT’s smart contracts will automatically reimburse all investments. 

The ORBN token, which will power the huge Orbeon Protocol (ORBN) ecosystem, began with a presale price of $0.004 but has subsequently risen by 1987% to be valued at just $0.0835. Experts predict that Orbeon Protocol (ORBN) will increase by 6000% in the next months. 

Holders of Orbeon Protocol (ORBN) can also stake tokens to receive staking incentives, governance rights, early access to new possibilities and other benefits.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register