Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet By Cointelegraph
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launched the Shibarium mainnet, an layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created.
Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain, providing a more scalable and cost-effective transaction platform.
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launched the Shibarium mainnet, an layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created.
Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain, providing a more scalable and cost-effective transaction platform.
Continue Reading on Coin Telegraph
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