Shiba Inu’s Shibarium Ethereum L2 blockchain goes dwell on mainnet

launched the Shibarium mainnet, an layer-2 scaling answer, on Aug. 16 after months of testing that noticed hundreds of thousands of customers take part and 21 million wallets created.

Shibarium is constructed on a brand new consensus mechanism referred to as proof-of-participation (PoP), which works by choosing validators in proportion to their amount of holdings within the related cryptocurrency. That is finished to keep away from the computational value of proof-of-work schemes. The brand new L2 blockchain answer is designed to work together with the first Ethereum layer-1 blockchain, offering a extra scalable and cost-effective transaction platform.

Proceed Studying on Coin Telegraph