THECRYPTO.WATCH – The latest news from one of the digital assets that last year flew to the moon. Shiba Inu launches its own blockchain, which is supposed to be called shibarium. This digital asset will seek to reduce the “gas fees” that users are obligated to pay in order to build and launch blockchains.
The Shiba Inu coin, which was originally a “meme” by accident, is no longer an “ordinary joke” for cryptocurrencies. In a short time, the value of SHIB skyrocketed in 2021. This coin, which is represented by a dog meme character who plays the position of “Dogecoin killer”, has an astonishing performance.
However, the Shiba Inu label, which is already known as “memecoin” wants to be removed by the developers themselves. Therefore, they developed and established their blockchain, which could accommodate their needs as Shibarium.
When Shiba Inu launches blockchain it is hoped that it will provide SHIB investors with the same functionality. The developer hopes that the construction of Shibarium will have an impact, which is reducing gas costs.
Gas fees are administrative fees that must be paid by token buyers in order to process transactions. This fee is also charged, so that investors can validate in a crypto ecosystem.
The creators of Shiba Inu themselves want to launch a stable SHIB coin on their own blockchain, SHI which has been running its gas fees on the site. This is certainly considered important, because it can improve the performance of the network ecosystem and increase the prestige of SHIB as one of the important digital coins.
Of course, investors are waiting for the certainty of the launch of this blockchain. Unfortunately, there is no certainty when the developer will launch the Shibari blockchain.
Currently Shiba Inu runs on the Ethereum blockchain. With the increasing demand for the SHIB coin, its developers are worried that investors will stop trading the coin.
Every transaction on ethereum costs more than $9.1. The goal of building Shibari was to bring its price as low as possible. This is also triggered by the rising prestige of SHIB during 2021.
If it’s true, Shiba Inu launches blockchain, which is new, of course this will be a new way of digital investing. Just wait for the launch date.