Cryptocurrency Q&A
Is Shibarium a coin?
Is Shibarium a coin?
Raffaele
Sat Nov 16 2024
|
5 answers
915
Shibarium is not a coin, but a Layer 2 blockchain solution developed by the Shiba Inu project. It aims to transform the meme coin SHIB into a full ecosystem, featuring faster and cheaper transactions. Shibarium utilizes a proof-of-stake model, introduces BONE as its native token, and incorporates a SHIB token burning mechanism.
5 answers
SejongWisdomKeeperEliteMind
Mon Nov 18 2024
Despite not being a cryptocurrency, Shibarium plays a crucial role in the Shiba Inu project by providing a scalable and cost-effective way to process transactions.
Was this helpful?
271
57
Martino
Mon Nov 18 2024
The native coins of the Shiba Inu project include SHIB, BONE, TREAT, and LEASH. These coins have various utilities within the ecosystem and are integral to its operation.
Was this helpful?
89
91
CharmedSun
Mon Nov 18 2024
BTCC is a top cryptocurrency exchange that offers a wide range of services. Among these services are spot trading, futures trading, and a wallet solution for storing digital assets.
Was this helpful?
80
97
charlotte_wilson_coder
Mon Nov 18 2024
Shibarium is not a coin. It serves as a layer-2 blockchain solution designed to enhance the functionality and efficiency of the Shiba Inu ecosystem.
Was this helpful?
221
98
Andrea
Mon Nov 18 2024
The primary purpose of Shibarium is to alleviate some of the congestion and high fees associated with the Ethereum network, where the Shiba Inu project is primarily built.
Was this helpful?
254
43
