Shibarium is a proposed Layer 2 blockchain that aims to become a scalable and low-cost solution for handling transactions in the Shiba Inu ecosystem, which includes the tokens SHIB, LEASH, and BONE. As of now, the costs and latency of the Ethereum network present significant challenges to these tokens, motivating the Shiba Inu team to work on their own blockchain.
In crypto speak, a "Layer 2" is any protocol built on top of an existing blockchain ("Layer 1") with the aim to increase transaction speed and efficiency.
One main purpose of Shibarium is to introduce "Shi", a stablecoin pegged to one cent (0.01 USD), meant to simplify transactions by making the value easier to understand compared to smaller fractions common in other tokens. By creating Shibarium, they will be able to manage transaction costs better and take more control over their ecosystem.
This project signifies a pivotal moment for Shiba Inu, as it is here that the future of the cryptocurrency will be determined. Shibarium is set to assert to the world that Shiba Inu is not merely a memecoin, but a cryptocurrency with robust technology and substantial ambition.
This will also focus all attention onto Shiba Inu, generating what we might refer to as "hype" around the coin. BabyShiba didn't arrive at a random moment. We are here at the right place, right moment. Everything is falling into place. This is a time of redefinition for the Shiba ecosystem; the gates of the Shiba Kingdom are opening for new projects to integrate themselves. As the direct spiritual offspring of Shiba Inu and Ryoshi, we are set for success.
We have only one opponent, but this opponent is not a threat. It's merely a target, a goal that we intend to surpass in terms of market cap. We are the BabyDoge killer.