CAN SHIBA INU $1.00 GO UP +1000% ON BULLRUN?

CAN SHIBA INU $1.00 GO UP +1000% ON BULLRUN?

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What is Shibarium
Shibarium embarks on becoming a powerful Layer 2 blockchain and a transitional evolution for the Shiba Ecosystem. Shibarium Layer 2 is a collective blockchain that scales and invites solutions, innovation, and security into the Decentralized Finance Space.

This blockchain (L2) runs on top of the Ethereum blockchain, which the SHIB ecosystem tokens (SHIB, LEASH & BONE) utilize. A Layer 2 blockchain offers the benefits of scalability, faster transaction times, lower fees, and an expanded development framework.

Shibarium to revolutionize the Shiba ecosystem and crypto space
In the summer of 2021, it was common for the gas cost for adopting cryptocurrencies, or NFTs, on the ERC network to be extremely high. Often adding an extra $50 to $100 fee on top of a $15 fractional purchase makes it impractical and unrealistic for everyday transactions.

So how do we remove the barrier to entry for the small transactions that occur on a day-to-day basis? On L2 blockchains like Shibarium, transactions occur “off-chain,” meaning transactions occur outside of the Layer 1 (Ethereum) blockchain and are communicated back. Allowing the L2 blockchain to do most of the processing work alleviates bandwidth, which results in lower costs (gas fees) and processing time for end users.

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