Unification Hybrid Blockchain Platform on Friday announced an update on development work related to Shiba Inu’s layer-2 blockchain solution Shibarium. The community expects the Shibarium Beta to launch on February 14, Valentine’s Day, but the official date has never been announced.
Shiba Inu lead developer Shytoshi Kusama’s recent Twitter biography and location hinted at the Shibarium beta launching soon. However, he has removed the bio that hinted at Valentine’s Day as a launch date. It created FUD in the Shiba Inu community which is postponed as the launch of Shibarium.
Unification announces developer work on Shibarium
Unification in a medium after announced on February 3 that developers have been working on Unification/xFund’s Oracle of Oracles (OoO) for the Shibarium Layer-2 blockchain. Shiba Inu lead developer Shytoshi Kusama met with the Unification team in December to finalize the launch of the Shibarium beta.
According to Unification, developers are optimizing the application for Shibarium’s upcoming public beta deployment. The latest work enables ad hoc price requests from DEXs to better support Shibarium. Shytoshi Kusama has said before that Unification is important for Shibarium.
The Unification team successfully tested OoO on the Shibarium alpha network and the OoO provider successfully fulfilled data requests on the L2 network, using bridged Test xFUND for OoO fees on L2.
Unification claims that Shiba Inu founder Ryoshi chose this hybrid blockchain because it offers a fast, permissionless solution for secure, efficient, cost-effective dApps, making it the only compelling choice for developing Shibarium.
Also Read: Developer Shiba Inu (SHIB) Drops Hint About Launch Date Shibarium Beta
SHIB price up 5%
The price of Shiba Inu (SHIB) is up almost 5% in the last 24 hours with the price currently trading at 0.0000124. The 24-hour low and high are $0.00001196 and $0.00001291, respectively. In addition, the trading volume has increased by 100% in the last 24 hours, indicating increasing interest among traders.
Meanwhile, Shibarium’s gas token BONE is trading at $1.47, down 1% in the past 24 hours. The token is consolidating after hitting a high of $1.57 today.
Also Read: 5 Reasons Why Shiba Inu Will Dominate The Crypto Market In 2023
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