Cryptocurrency Q&A Is Shiba a Layer-1?

Is Shiba a Layer-1?

Ilaria Ilaria Sat Oct 26 2024 | 7 answers 1114
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. Is Shiba a Layer-1?

7 answers

LightWaveMystic LightWaveMystic Mon Oct 28 2024
Shibarium is a sophisticated blockchain solution.

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Maria Maria Sun Oct 27 2024
The network is powered by Shib tokens.

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EthereumEliteGuard EthereumEliteGuard Sun Oct 27 2024
It operates as a Layer 2 network on Ethereum.

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Valentina Valentina Sun Oct 27 2024
This means it enhances Ethereum's capabilities.

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Nicola Nicola Sun Oct 27 2024
These tokens play a crucial role in its ecosystem.

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