What is the Difference Between Shiba and Shibarium?
Shibarium and Shiba Inu are related but different concepts. Shibarium is a Layer 2 blockchain network being built on top of the Ethereum blockchain, which will be linked to the Shiba Inu coin. Shibarium is being developed to serve as a scaling solution for Shiba Inu and to enable faster and cheaper transactions.
In contrast, Shiba Inu is the cryptocurrency token used as gas for transactions on the network. The dynamic between Shibarium and Shiba Inu is similar to Ethereum and ETH tokens or Solana and SOL tokens, where the blockchain network and the cryptocurrency token are separate but interconnected entities.
How much SHIB will Shibarium Burn?
There is currently no information available on how much SHIB Shibarium will burn. The answer to this question will demand on network demand and demand for block space on the Shibarium ecosystem. If there is a thriving ecosystem of DeFi, Metaverse and GameFi applications, it may burn billions of tokens and start reducing the initial supply of over 1 quadrillion tokens.
However, if Shibarium does not start to gain sufficient traction and compete with major Layer 2's like Arbitrum and Optisimsmm, it is unlikely that the burn will be sufficient to impact price or fundamentals.
When is the Shibarium Launch?
The beta version of Shibarium will be launched next week, and the official debut of Shibarium is targeted for May. Shibarium's lead developer has been revealing the project's roadmap and has already unveiled the Shibarium portal, a website where SHIB believers can sign up to be part of a community that will build on Shibarium's future open-source technology.
In conclusion, Shibarium is an upcoming Layer 2 blockchain network being deployed by the Shiba Inu community that will serve as a scaling solution for Shiba Inu applications, while also enabling faster and cheaper transactions. Shibarium's reflexive token burn mechanism will also add some much-needed deflationary pressure to $SHIB tokens as gas on the network is burned.
The launch of Shibarium's beta version is expected next week, and the official debut is targeted for May. Shibarium's lead developer has been revealing the project's roadmap and has already unveiled the Shibarium portal for users to sign up and participate in building the future open-source technology.