What is Shibarium?

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What is Shibarium?

Shibarium is Shiba Inu Ecosystem’s own layer 2 blockchain built on Ethereum (layer 1).  Shibarium offers fast transactions with low gas fees. The blockchain was built by Unification.  Who is Unification?

The Shibarium site is https://shibarium.shib.io/ and its tracker/scan site is https://www.shibariumscan.io/    The tracker/scan site provides transparency as anyone can go and check/track all transactions and activities on Shibarium.

What is the gas token used on Shibarium?

The gas token on Shibarium is Bone which is part of the Shiba Inu Ecosystem.  Shibarium is a proof-of-stake (PoS) blockchain, so validators will need to stake their Bones on Shibarium before they can validate any transactions on Shibarium.  Everyone else who are not validators can be delegators and delegate their bone tokens to their chosen validators to secure the blockchain. This staking and delegating mechanism keeps the blockchain secure. Shibarium is decentralized as it has many different computers or nodes maintaining a copy of the blockchain; not just a central controlling entity.  This prevents tampering and manipulation by bad actors. 

How to delegate and move/bridge tokens from ETH layer to Shibarium?

1.      For how to delegate, please watch this video here.  
2.      For how to move/bridge Shib from ETH layer to Shibarium, please watch this video here.
3.      For how to move/bridge Bone from ETH layer to Shibarium, please watch this video here. 
4.      For how to move/unbridge token from Shibarium to ETH layer, please watch this video here. 
5.      For how to add Shibarium network on your wallet, please watch this video here.

Does Shibarium burn Shib?

Shibarium will also offer a simple, effective, and automated Shib burning mechanism. On August 8, 2024, LUCIE, who is part of  The Shib Marketing Team, shared that the automated burn mechanism on Shibarium will start on block 6206750 on the blockchain (her post on X below). Shib burns were manual prior to the automated burning mechanism. The gas fees earned from Shibarium are collected in Bone tokens and then Bone tokens are sold to buy Shib to be sent to dead wallets to be locked up forever also known as burned.  What is Shib Burn?

What applications are running on Shibarium now?

MarSwap is a popular crypto exchange running on Shibarium. 

CryptiQ Social Network is a "secure and feature rich platform" running on Shibarium. 

To see all other applications running on Shibarium

What if I want to build applications on Shibarium?

If you would like to build applications on Shibarium, please check the links below to learn more.

To learn more about Shibarium PoS chain, please visit link below.

https://docs.shibariumtech.com/shibarium/welcome-to-shibarium/shibarium-pos-chain

To learn more about Building on Shibarium, please visit link below.

https://docs.shibariumtech.com/shibarium/welcome-to-shibarium/building-on-shibarium

To learn more about  Shibarium Proof of Stake (PoS) architecture, please visit link below.

https://docs.shibariumtech.com/shibarium/welcome-to-shibarium/architecture

To learn more about Bor, the core component of the Shibarium network, please visit link below.

https://docs.shibariumtech.com/shibarium/welcome-to-shibarium/architecture/bor

To learn more about Heimdall, the heart of the Shibarium network, please visit link below.

https://docs.shibariumtech.com/shibarium/welcome-to-shibarium/architecture/heimdall   


Disclaimer: Our articles are for educational purposes only and NOT financial advice. For your own personal investment decisions, please do your own research and consult a financial advisor. Good luck investing.

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