Shibarium, the Shiba Inu layer-2 network, is generating a lot of buzz among investors for the numerous benefits it promises to offer. With a focus on security and cost-efficiency, Shibarium is designed to provide users with peace of mind regarding their assets.
Additionally, the network’s low transaction costs are unparalleled in the industry, making it a compelling option for those looking to minimize fees. These benefits have been highlighted in the network’s recent documentation and have further been compiled by a prominent Shiba Inu influencer, Lucie.
Shibarium sets a high standard for security by implementing a hybrid system that incorporates both the Plasma framework and PoS validators.
This combination ensures that user assets are protected against fraudulent and malicious activities, making it an excellent choice for investors who prioritize safety.
The Plasma framework, introduced by Vitalik Buterin and Joseph Poon in 2017, is a proposed scaling solution that enhances the transaction processing capacity of blockchain networks.
By creating a hierarchical structure of “child” blockchains connected to a “parent” blockchain, the Plasma framework increases the network’s speed and scalability.
Additionally, the framework employs a suite of security mechanisms that safeguard child blockchains from fraudulent or malicious activities.
Shibarium leverages PoS security via Bone ShibaSwap (BONE) to enhance security further. Users can stake BONE tokens to earn rewards while contributing to the network’s security. Combining these security measures demonstrates Shibarium’s commitment to providing top-tier security for its users.
Read Also: Upcoming Shibarium Wallet to Simplify Shiba Inu Transactions
According to the Shibarium documentation, the layer-2 network boasts a fast transaction speed at an unprecedented scale. In fact, Shibarium claims that its transaction speed can surpass Ethereum’s, making it a compelling option for investors looking to conduct transactions quickly and efficiently.
This level of performance is achieved through Shibarium’s advanced technology and innovative approach to scaling, which sets it apart from other networks in the space. With such impressive transaction speeds, Shibarium is poised to be a leader in the blockchain industry and a valuable asset for those who prioritize speed and efficiency.
Cheaper Transaction Fees
Despite boasting a higher transaction speed than Ethereum, Shibarium offers significantly lower transaction fees. In fact, the network’s fees are expected to be 10,000 times lower than Ethereum’s average fees, making it an attractive option for those looking to save on transaction costs.
As with most blockchains, Shibarium is highly decentralized, with no central control point. The community sustains the network’s security through staking and network validation, eliminating the possibility of a central authority having control over it. This ensures that the network remains secure and transparent for all users.
Read Also: Kusama Launches New Discord Server for Shibarium; What Does This Mean to the Shiba Inu Community?
Shibarium, being a blockchain network, inherently possesses the traditional transparency that characterizes blockchain technology. This allows investors to easily monitor all transactions executed on the network through the dedicated blockchain scanner, ensuring that the network operates fully transparently.
Continuous Shiba Inu Burns
As an exclusive benefit to the Shiba Inu ecosystem, Shibarium has been touted as a SHIB furnace. The network is expected to burn Shiba Inu with up to 70% of its base transaction fees, thereby bolstering the Shiba Inu burn initiative. This should support the asset’s price, making Shibarium an attractive option for Shiba Inu investors.