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Shiba Inu Layer 2 Blockchain Shibarium to Release Beta Version This Week

The much-awaited Shibarium blockchain is all set to release its beta version for the layer 2 network this week, Shiba Inu developers said early on Wednesday.

A beta testnet is a blockchain that mimics real-world functioning. Layer 2 refers to a set of off-chain solutions (separate blockchains) built on top of layer 1s that reduce bottlenecks with scaling and data.

These bundle multiple off-chain transactions into a single layer 1 transaction, which helps reduce the data load and fees.

(By Shaurya Malwa)

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