Shiba Inu's Ethereum Layer2 Network Shibarium Live on Mainnet

Shiba Inu announced that Shibarium, its Layer2 network based on Ethereum, is live on the mainnet, which aims to provide users with a low-cost ecosystem focusing on DeFi and gaming, and to support other parts of the Shiba Inu ecosystem, including tokens like $SHIB, $BONE, $LEASH, and more.

Shibarium is built on a consensus mechanism called Delegated Proof-of-Stake (DPOS), and uses $BONE as the native token to pay for gas transactions and reward validators and delegators. Validators need to stake a minimum of 10,000 $BONE to run a node.

According to TokenInsight data, the price of $BONE dropped by 14.7% over the last 24 hours, while the price of $SHIB dropped by 9.44%.

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