• The Shibarium L2 network offers immense scalability with unmatched security provided by the Ethereum (ETH) blockchain.
• Businesses can access the vibrant Shibarmy global ecosystem with BONE for fee payments and SHIB and LEASH used in governance.

The launch of the Shibarium layer two (L2) scaling solution for the Shiba Inu (SHIB) network was a significant milestone for the second-largest meme coin toward mainstream adoption. According to the lead Shiba Inu’s market strategists, Lucie | Summer of Shibarium, the L2 network was built with both small and large businesses in mind. Moreover, Shibarium offers decentralized applications (Dapps) developers a scalable and secure network to access a vibrant global community that is already incentivized.

Notably, the Shibarium layer two scaling solution rewards the network’s participants through BONE rewards. According to the latest on-chain aggregate data provided by the official website, Shib.io, the 12 existing validators have staked about 25,106,924 $BONE tokens in the past few weeks.

Top Reasons Why Businesses Need to Build on Shiba Inu’s Shibarium

In a tweet meant for the Shibarmy, Lucie highlighted nine reasons why both small and big enterprises need to tap into the Shibarium network to build scalable and sustainable applications. On the top list, Lucie noted that Shibarium offers minimal fees to help businesses manage budgets more effectively. The Shibarium top official noted that the layer two scaling solution saves time and increases overall efficiency through high transaction speed.

Furthermore, Shibarium’s Proof-of-Stake (PoS) chain utilizes side chains to process transactions, resulting in unparalleled transaction speed and cost efficiency. Notably, the Proof-of-Stake consensus mechanism guarantees asset security by employing the reliable Plasma bridge framework and decentralized network validators.

With Shiba Inu available through most of the decentralized exchanges, non-custodial wallets, and centralized exchanges all around the world at a fractional cost, the Shibarium L2 network is inherently accessible by businesses from any corner of the world. Furthermore, the Shibarium network has been rigorously tested for bugs in the smart contracts by an experienced team of developers led by Shytoshi Kusman and  Polygon (MATIC) builders.

The mainstream adoption of blockchain technology and the cryptocurrency market has experienced significant friction from different global regulators. More so the blockchains that use the Proof of Work (PoW) consensus methods to secure their networks, have been accused of widening environmental degradation through the release of carbon products.

In a bid to navigate this challenge, the Ethereum network recently transitioned from PoW to PoS consensus mechanism. Consequently, transactions on the Ethereum network have become more affordable, faster, and scalable despite constant network congestion. In this regard, the Shibarium layer two network offers DeFi developers an eco-friendly ecosystem for sustainable applications.

Price Action

The Shiba Inu ecosystem with three tokens, SHIB, BONE, and LEASH is bound to attract more users through the Shibarium network hence an exponential growth in the future. According to the latest crypto market data, SHIB, BONE, and LEASH traded around $0.0000077, $1.02, and $361.29 respectively on Wednesday.

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