In a recent blog post, Shytoshi Kusama, the pseudonymous lead of the Shiba Inu project, announced a significant development. In preparation for the launch of Shibarium, Shiba Inu’s own Layer 2 blockchain, the remaining supply of Bone will be minted, and the Bone contract will be renounced. This move is a necessary step towards starting the new blockchain.
Read CRYPTONEWSLAND onBone, a key component of the Shiba Inu ecosystem, is set to play a crucial role in the upcoming system. It will be allocated to the first role in the system, the validators. Moreover, Bone will serve as a passport to the future. It will be the token that delegators bury to get a portion of the rewards. It will also be the gas token for Shibarium and will be used for technology governance within the new system.
Shytoshi Kusama stated,
The launch of Shibarium and the new role of Bone represent a significant step forward for Shiba Inu. It’s not just about following the path of decentralization; it’s about trailblazing a new destiny for the world. One that leads us to a universe not marked by an ‘X’ but painted with the vibrant hues of infinite possibilities.
The future of Shiba Inu and SHIB appears bright. With the upcoming launch of Shibarium and the new role of Bone, the Shiba Inu ecosystem is set to make significant strides in the crypto space. The potential of SHIB and Bone to revolutionize transactions suggests a positive trajectory for Shiba Inu in the crypto market.
Crypto analyst Mags predicts a major altcoin bull run post-consolidation, with the market cap soaring…
Taking advantage of the current bull run, this strategy could provide valuable insights for aspiring…
Uncover why #MoonBag shines as the #bestcryptopresale in 2024 with an 88% APY on staking.…
With the much-anticipated 2024 #bullrun now underway, curiosity about the potential resurgence of these assets…
TRON developer's #new proposal targets #energy efficiency for #TVM opcodes, promising greener and more effective…
Join the #Floki revolution! #Beta-tested trading bot set for #mainnet debut. Get the latest details…