Shiba Inu set to launch its own blockchain; here are plans

January 06, 2022 09:42 AM AEDT | By Ashish

Google News:

Shiba Inu set to launch its own blockchain; here are plans — Image source: Wit Olszewski,Shutterstock

Recent News

AEG Celebrates the LGBTQIA + Community at the 2025 LA Pride Parade

What happens if AI can do everything better than humans?

Brookfield Infrastructure reportedly acquiring Hotwire for $7 billion

Nvidia GTC Paris is ’another bullish proof point’ long term - Morgan S...

Highlights

Shiba Inu (SHIB) is soon expected to offer new functionalities to its users including its own blockchain.

The popular cryptocurrency inspired by a dog meme seems to drop its ‘memecoin’ tag with the launch of its own blockchain named Shibarium.

SHIB is also expected to come up with reduced gas fees.

Shiba Inu (SHIB), a cryptocurrency inspired by a dog meme and posed as ‘Dogecoin killer’, is soon expected to offer new functionalities to its users including its own blockchain. The popular cryptocurrency whose value skyrocketed in 2021 seems to drop its ‘memecoin’ tag with the launch of its own blockchain named Shibarium.

SHIB is also expected to come up with reduced gas fees, charges paid to process and validate transactions in a crypto ecosystem. Gas fee has emerged as a significant problem for blockchain. However, there was no exact timeline for the launch of the blockchain.

Writing on Medium, Shiba Inu’s founder Ryoshi said: “I have already spoken to a very competent blockchain team who has volunteered to build and fully decentralize this for the Shiba ecosystem.”

Shiba Inu set to launch its blockchain; here are plans

Meanwhile, SHIB was the most viewed digital currency of 2021.

With an m-cap of more than US$20 billion, Shiba Inu was the 13^th largest cryptocurrency in terms of valuation last year, according to a “2021 Wrap Up” post that CoinMarketCap tweeted. While Shiba Inu had over 188 million views, Bitcoin stood second with 145 million views in 2021.

Dogecoin was at third position among the most viewed cryptocurrencies with 107 million views. Cardano had nearly 86 million views, while Ethereum gained 81 million views.

Meanwhile, in October 2021, Shiba Inu rose by over 216% within a week and gained struck a new high of

US$0.000088. Each Shiba Inu token was last trading for AU$0.00003823.

RELATED ARTICLE: 5 cryptos to explore in January 2022

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.