The Shiba Inu team is close to launching the much-anticipated blockchain project Shibarium.
— Unification $FUND / $xFUND / $wFUND (@UnificationUND) June 24, 2022
Shiba Inu (SHIB) has announced that the public beta testnet for its Layer-2 blockchain project Shibarium will commence in the third quarter of 2022.
The team behind Shiba Inu decided to deploy the public beta testing for Shiba Inu in Q3 2022 after the success recorded during the private alpha testnet of the L2 blockchain.
According to an announcement today, the private alpha testnet of Shibarium has been quietly running for weeks without experiencing any issues, and developers feel the time is right to roll out the project for public testing.
“The Shibarium Public Beta TestNet is planned for deployment in Q3, to coincide with the FUND TestNet upgrade which includes the much anticipated IBC/Gravity/wFUND updates,” Shiba Inu said in the announcement.
Upon the rollout of Shibarium for public testing, people will be allowed to fully interact with the network, especially participating in the validation process.
“The public Beta TestNet will allow parties to fully interact with the network, including the validation process.”
According to Unification “The primary tool under heavy development is the wallet application, which is intended to be an all-inclusive application covering two-way asset transfers between L1 and L2, asset transfers on each respective level, staking/delegating, and in future releases, Shibaswap integration, which will also be deployed on L2.”
Meanwhile, Shibarium is part of the initiatives under development that will prove that Shiba Inu is not a meme coin, but a utility project.
The L2 network, which is being built on the Ethereum blockchain, is tipped to have the same capabilities as ETH scaling platform Polygon.
Once Shibarium goes live, Shiba Inu developers will be migrating all SHIB-related projects, including Shiboshi, the upcoming Collectible Card Game (CCG), and the metaverse project to the Layer-2 network.