Shiba Inu (SHIB) unveils beta bridge for its layer-2 scaling solution, Shibarium. The cross-chain bridge is open for public testing, but users are cautioned against using real crypto assets for testing, as stated by SHIB marketing specialist Lucie.
1. Shibarium Beta Bridge is now live for public testing, offering a revolutionary cross-chain solution. However, users are urged to exercise caution and avoid using real assets for testing, using only faucets instead.
2. The bridge combines Plasma and PoS technology, allowing seamless token transfers between Shibarium and Ethereum. It ensures a secure and trustless environment for bi-directional transactions, without any third-party risks or liquidity impact.
3. Shibarium serves as a cost-effective and flexible scaling solution, facilitating faster token movements between large-scale blockchain networks.
4. Lucie emphasized the benefits of Shibarium, particularly its positive impact on the gas fee token BONE and the SHIB token itself. Reduced gas fees on Shibarium can increase BONE’s demand and value, while introducing a burning mechanism for SHIB tokens reduces their supply over time, benefiting token holders through increased value and scarcity.
5. At the time of writing, SHIB is trading at $0.000008, showing a slight increase during the last 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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