Shiba Inu will launch its own blockchain, will offer lower gas fees

Shiba Inu will launch its own blockchain Shibarium which will offer a lower gas fees compared to that of Ethereum’s Blockchain network.

Introduction

Started off as a meme, billed as the ‘Dogecoin Killer’ Shiba Inu is now a really popular Cryptocurrency. The Cryptocurrency is definitely not a joke. In fact, Shiba Inu defeated the likes of Bitcoin and Ethereum to become the most viewed Cryptocurrency of 2021, as per the data by CoinMarketCap.

The plans for the new development

Presently, Shiba Inu is heading to a new direction. Soon the Cryptocurrency will launch its own blockchain, the Shibarium. The Shibarium Blockchain will provide Shiba Inu users many new features. Among these is the most talked about and desired feature, lower gas fees. A Gas fee is a fee that is used to pay the processing and validation of transactions on a network.

Gas fee: a bane of Cryptocurrencies and Blockchain Technology

Gas fee poses as a huge problem in the Blockchain. Ethereum is famous, or should we say infamous for its high Gas fee on its Blockchain network. SHIB uses the Ethereum blockchain. As the popularity of Shiba Inu has in increased, high gas fee made the developers wonder that one day people might stop trading SHIB. Currently, every transaction on Ethereum costs over $9.1. The Shibarium Blockchain has a vision to make the gas fee as low as possible.

The information about the development

Shiba Inu’s creator Ryoshi wrote a blog on Medium talking about Shiba Inu’s own Blockchain network. “I have already spoken to a very competent blockchain team who has volunteered to build and fully decentralize this for the Shiba ecosystem,” wrote Ryoshi.

Additionally, the Creators want to launch a stable coin on the blockchain, SHI. This will run the gas fees on the site. This might potentially improve the network’s performance and can transition SHIB to important digital coin. However, as of now there is no fixed date for the launching of the new project.

Conclusion

Shiba Inu will launch its own blockchain Shibarium which will offer a lower gas fees compared to that of Ethereum’s Blockchain network. Hopefully, this will propel Shiba Inu to the list of the most valuable and important Cryptocurrency tokens in the world.

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