I'm interested in understanding whether Shiba is considered a Layer-1 in the blockchain or cryptocurrency context. I'd like to know its position in the blockchain technology stack.
7 answers
LightWaveMystic
Mon Oct 28 2024
Shibarium is a sophisticated blockchain solution.
Maria
Sun Oct 27 2024
The network is powered by Shib tokens.
EthereumEliteGuard
Sun Oct 27 2024
It operates as a Layer 2 network on Ethereum.
Valentina
Sun Oct 27 2024
This means it enhances Ethereum's capabilities.
Nicola
Sun Oct 27 2024
These tokens play a crucial role in its ecosystem.