The public beta of Shiba Inu's new blockchain network, Shibarium, is now live.
Shiba Inu leader Shytoshi Kusama has confirmed the beta launch of Shibarium, the Layer 2 blockchain that developers have built to scale the ecosystem and open its doors to DeFi.
Shibarium is a decentralized sidechain that brings great innovations to the blockchain ecosystem. Through this network, the SHIBArmy community will be able to build and promote new projects in favor of their growth and development.
The public beta of the new blockchain network went live last Saturday, March 11. The community of users, projects and developers that make up Shiba Inu have been waiting for the launch of Shibarium since at least the beginning of this year.
Puppynet, Shibarium's public beta
The public beta of Shibarium has been renamed Puppynet, the leader of Shiba Inu announced on his blog.
Puppynet is the early beta version of the sidechain that will allow the Shiba Inu development team build decentralized applications (DApps), develop “In Real Life” (IRL) projects and accelerate the development and innovation of existing ones within its blockchain ecosystem.
The SHIBArmy community can join the Shibarium beta from the network's official website, either to join as a validator of the new blockchain or as a contributor to the development team. Shibarium public beta is open to anyone who wants to participate, Shytoshi noted.
Shiba Inu has launched test tokens on Puppynet to make the experience easier for DApp developers.
Currently, this blockchain network has 17 validators and over 120.200 BONE tokens staked.
Furthermore, Shytoshi recommends that SHIBArmy conduct in-depth research into the projects to be developed in the new Shiba Inu chain, applying the DYOR (Do Your Own Research) principle.
SBF is not Ryoshi
In addition to announcing the long-awaited launch of the Shibarium public beta, Shytoshi Kusama took the opportunity to debunk some of the theories that have been building up in the crypto industry. Specifically, Shytoshi debunked the rumor that Sam Bankman-Fried and Ryoshi, the pseudonym used by the creator of Shiba Inu, are the same person.
On his blog, Shytoshi stressed that Ryoshi was not a fan of centralized exchanges and that he, personally, would never run one.
It should be noted that Bankman-Fried, known by his initials SBF, is the co-founder and former CEO of the bankrupt exchange FTX. SBF was arrested in the Bahamas and is accused by US authorities of various charges of wire fraud, conspiracy and misuse of his clients' funds, for which he awaits a criminal trial.
At press time, the price of SHIB has risen by more than 5% reaching a price of $0,000010 per token.
Continue reading: Shibarium: Shytoshi Kusama launches a Telegram channel before the debut of the new network
