HomeNewsShiba Inu News: Shibarium Enters Its Gold Age of Growth and Utility

Shiba Inu News: Shibarium Enters Its Gold Age of Growth and Utility

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  • Shibarium’s Gold Age marks growth with infrastructure, utility, and decentralized rewards.
  • Shiba Inu’s ecosystem thrives with 1B transactions and a self-sustaining burn mechanism.

Shiba Inu’s Shibarium blockchain has reached a pivotal moment, transitioning into a “Gold Age” of growth and utility. According to Shibarium Updates on X, this new phase mirrors historical periods like America’s Gilded Age, where innovation and transformation reshaped the world. 

Shibarium is shifting from experimentation to a more robust, mature ecosystem, focusing on infrastructure, utility, and long-term value. 

Shibarium’s Milestones and Infrastructure Growth

After 18 months, Shibarium reached 1 billion transactions and 10 million blocks without any major issues. This is a big milestone and shows that adoption is growing and Shiba Inu’s blockchain solution is working.

Shibarium is building the backbone for decentralized applications (DApps), DeFi protocols, and smart contract systems. Validators, bridges, and enhanced blockchain infrastructure now define Shibarium’s operation, ensuring scalability and stability.

Shiba Inu’s Shibarium ecosystem is about to release a new feature set that will redefine blockchain transactions. The upcoming Layer-3 (L3) blockchain will have Zama’s Fully Homomorphic Encryption (FHE) technology. This will provide users with enhanced privacy.

According to ETHNews, FHE will keep data encrypted at all stages even when in use. This means Shibarium can have privacy without sacrificing speed or performance.

Shibarium’s L3 blockchain is designed to be more scalable, more secure, and cheaper. By using FHE-powered rollups, data processing will be done securely without exposing personal information. This new feature will have faster transactions and privacy. The stage is set for privacy-focused applications on the blockchain.

Shiba Inu’s recent updates to Shibarium are to improve token creation and discovery. A feature called the “Pump Token” system will allow users to vote for tokens to increase their visibility

Also, Shibarium will introduce a simplified token creation tool. This is similar to Solana’s Pump.Fun will allow anyone to create a new token with minimal effort. However, experts warn that the simplicity of token creation can be misused by malicious actors.

As indicated in our earlier discussion, this token creation update follows the success of the Shiba Inu Developer Portal (ShibDev) which has already supported developers to build on Shibarium. ShibDev provides faucets, node access, and API management for decentralized applications. 

Karma System: A Key Feature in Shibarium’s Expansion

One of Shibarium’s latest developments is the Karma system, which introduces a reputation-based mechanism to reward users for their actions within the ecosystem. 

Karma is powered by smart contracts like KarmaStorage and KarmaLogic, which track user activity through Decentralized Identifiers (DIDs). This reputation-based reward system incentivizes users to engage more deeply with Shibarium’s apps, games, and NFT projects.

The Karma system works by assigning points to users based on their actions. For example, when a user swaps SHIB on Shibaswap, the transaction is recorded by an off-chain service, which updates the Karma points. These rewards can then be used within the Shiba Inu ecosystem to unlock additional benefits. 

Meanwhile, the Shibarium’s Layer 2 evolution, with features like BONE powering gas and TREAT, is enabling new use cases and mirrors the disruptive innovations of the late 20th and early 21st centuries. 

Challenges and Price Fluctuations for Shiba Inu (SHIB)

Despite Shibarium’s expanding infrastructure and network milestones, the price of Shiba Inu (SHIB) has faced challenges. Currently trading at $0.00001236, SHIB has seen a 19.5% decrease in value over the past week. 

SHIB weekly price action.Source.Coingecko

The token has also dropped by 12.2% in the last month, with a significant 52.8% decline over the past year. Analysts are closely monitoring SHIB’s movement, especially as it struggles to reclaim the $0.000015 price point.

Even with these price fluctuations, Shiba Inu’s ecosystem continues to grow. The recent increase in SHIB’s burn rate, driven by higher transaction volumes and targeted burn efforts, shows ongoing support for the deflationary mechanism. 

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