Shibarium, a blockchain Layer-2 solution, was originally proposed by Ryoshi, the creator of Shiba Inu. With the belief that true decentralization requires a community to have its own cost-effective blockchain solution, Shibarium became a primary objective of the Shiba Inu experiment.

The goal of Shibarium is to reduce transaction fees within the Shiba ecosystem, providing minimal or zero fees for services, games, and applications built on it.

Shytoshi Kusama, the Shiba Project Lead, explained that Shibarium aims for quick and affordable transactions, with a goal of seconds for less than pennies.

Despite being one of the most secure blockchains, Ethereum faces challenges such as high gas fees, which affected the Shiboshi NFTs due to Shiba's heavy reliance on the Ethereum network. Similar to other projects, Shibarium will implement a straightforward and effective $SHIB burning mechanism.

Additionally, Shibarium is designed to act as a bridge between different ecosystems, further enhancing its functionality.

Ethereum: The Foundation of Shibarium

Ethereum stands as a highly successful blockchain platform renowned for its unique digital currency, Ether (ETH). This platform's robust blockchain technology empowers users to create programmable tokens, as well as smart contracts, which find application in various domains including initial coin offerings (ICOs) of both fungible and non-fungible tokens (NFTs). The Ethereum network's decentralized nodes ensure the security and integrity of the blockchain, demonstrating the strength and reliability inherent in the Ethereum infrastructure.

Shibarium, The Blockchain of "The People"

Shibarium is designed to offer individuals, developers, and real-world businesses a superior transaction speed and cost advantage compared to other blockchains, making it an economically viable choice for blockchain enthusiasts. With a strong focus on security and transparency, the blockchain facilitates the seamless creation and exchange of digital assets. Moreover, it serves as a robust foundation for the development of decentralized applications (DApps) such as Shib - The Metaverse (Shib.io), Shiba Eternity, and a wide range of other products, projects, platforms, and services within the expansive Shiba Inu community.

Benefits of using Shibarium

There are numerous advantages to utilizing the Shibarium blockchain. Some of the key benefits include:

1. Enhanced Security

The Shibarium blockchain provides a high level of security and tamper-proof functionality, making it a reliable platform for storing and transmitting sensitive data. To ensure the security of our blockchain, we implement a proof-of-stake algorithm that requires users to stake their BONE tokens (part of the Shiba Inu Ecosystem) in order to participate in the network. This approach guarantees that validators have a vested interest in the success of the blockchain, thereby reinforcing its security. Additionally, a network of nodes further enhances the security of the blockchain by validating transactions and maintaining the blockchain's integrity.

2. Enhanced Efficiency:

Shibarium operates as a highly efficient platform, facilitating quick and seamless transaction processing.

3. Cost-effectiveness:

Utilizing Shibarium allows individuals and businesses to save on transaction fees, making it a financially prudent choice.

4. Decentralization:

Shibarium's decentralized nature stems from the absence of a single governing entity. Instead, a network of computers collectively maintains an immutable copy of the blockchain. This robust structure ensures that the blockchain remains tamper-proof and resistant to manipulation by any individual or organization.

Shibarium's PoS (Proof-of-Stake) chain leverages side-chains to process transactions, resulting in unmatched transaction speed and cost efficiency. By employing the reliable Plasma bridge framework and a decentralized network of PoS validators, PoS ensures asset security. 

Speed

To maintain user engagement and productivity, applications, games, metaverses, and other utilities require rapid transaction processing. Shibarium meets this requirement by executing transactions at an astonishing pace, significantly outperforming Ethereum in terms of transactions per second. Bridging, deposits, and withdrawals are seamless and efficient. While maintaining Ethereum's security features, Shibarium substantially enhances the blockchain's speed.

Scalability

Scalability is as crucial as speed, and Shibarium is designed to adapt to the needs of any organization, product, platform, project, community, or token. It is compatible with major ERC standards, ensuring seamless integration. Validators and checkpoints are submitted to Ethereum to ensure security. The dynamic and enthusiastic community drives adoption and user engagement.

Flexibility & Simplicity

The transition to Web 3 and Web 4 requires a user-friendly and adaptable UI, UX, and onboarding process. Shibarium's network is fully EVM compatible, allowing direct deployment of smart contracts. Building DApps on the blockchain is simplified, and token transfers between Shibarium and Ethereum are effortless.

Cost

In today's business landscape, leveraging Web 3 is crucial for staying competitive. However, high fees can hinder this transition. Shibarium addresses this challenge by keeping transaction costs below $0.01. With its proof-of-stake system, transaction costs are fractional and significantly lower than Ethereum's fees. Burning EIP 1559 tokens leads to more predictable gas fees and deflationary token economics.

How to add Shibarium to Metamask?