Shiba Inu’s (SHIB) layer-2 scaling solution, which has been highly anticipated, has released a beta bridge for public use.
Shibarium’s cross-chain bridge, which is revolutionary, has been made available for public testing, according to Lucie, a SHIB marketing specialist. However, Lucie advises users not to use their actual crypto assets to test the bridge.
Shibarium Beta Bridge is available for testing
Lucie said to users that Shibarium Beta Bridge is now available for public testing. She explained that people can be the first to try out this innovative cross-chain solution.
She also said that we should always be careful and confirm the authenticity of any website before connecting our wallets. “PLEASE DO NOT USE YOUR REAL ASSETS! Only faucets.”
A new bridge has been developed that uses both Plasma and proof-of-stake (PoS) technology to enable users to transfer tokens between Shibarium and Ethereum.
This secure and robust cross-chain bridge ensures a trustless and bi-directional transaction environment. It eliminates any third-party risks or impact on market liquidity, making transfers fast, cost-effective, and flexible. The bridge itself also serves as a scaling solution.
In a previous report, Lucie discussed the advantages of Shibarium and how it could affect the gas fee token Bone ShibaSwap (BONE), and the SHIB token.
The decrease in gas fees through Shibarium could lead to a greater demand for BONE, increasing its potential value.
Additionally, Shibarium introduces a burning mechanism that lowers the supply of SHIB, which has a significant impact on the overall SHIB ecosystem.
It is also important to note the fact that back in June, Lucie detailed the benefits of Shibarium, including its impact on the project’s gas fee token Bone ShibaSwap (BONE), as well as the SHIB token itself.
“The reduced gas fees on Shibarium can have a significant impact on BONE, increasing its demand and potential value…
Shibarium significantly impacts the SHIB ecosystem by introducing a burning mechanism that reduces the supply of SHIB…”