Shiba Inu (SHIB) Aims to Become Top Dog With Impending Layer-2 | CryptoExplorer ✪

Shiba Inu (SHIB) Aims to Become Top Dog With Impending Layer-2 Launch
The creators of the Shiba Inu (SHIB) token have announced the imminent launch of their Shibarium Layer-2 solution. Shibarium will run on top of the Ethereum blockchain, which is the basis for the Shiba Inu token. Its capacity for decentralized apps and non-fungible tokens have made it one of the most utilized blockchain for smart contracts. However, this popularity has burdened the system, raising costs while lowering transaction times. Shibarium will operate as a Layer-2 solution on top of Ethereum, which will facilitate faster transactions while lowering fees. Layer-2 solutions enable “off-chain” transactions, in which they occur off of the first layer blockchain and are communicated back. Allowing the Layer-2 solution to do the majority of the work alleviates bandwidth, resulting in lower costs and processing time. Read more