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- The Unification Foundation developer has shared important news regarding the Shibarium.
- The developers have highlighted that the wallet is intended to be an all-inclusive application and can allow the movement of assets within Layer 1 and Layer 2, the developers have highlighted.
- Shibarium can be a notable event, and it can majorly change the picture for Shiba Inu.
The entity behind the development of Shibarium, the Unification Foundation, recently published an elaborative post on their Medium blog regarding its working on the third-party projects along with Shibarium, Shiba Inu’s Layer Two solution.
The post reveals the fact that the Shibarium Private Alpha TestNet was rolled out a few weeks ago and is showing satisfactory results. The biggest effort and attention of the team currently is focused on the development of the internal Shibarium wallet.
The developers highlighted that the wallet is intended to be an all-inclusive application and able to allow the movement of assets within Layer 1 and Layer 2, the possibility of stalking, and in the future, ShibaSwap would also be executed in it.
It is further elaborated by the requirement to build it on a reliable, solid, and proven basis. And for this purpose, Unification utilizes its own solutions, like Oracle of Oracles and xFund. And these tools were also utilized to build the Woof Work marketplace.
Public beta testing of Shibarium can be anticipated by this year’s third quarter. The authors highlighted that the Shibarium Beta TestNet would enable the users and developers to eventually test and analyze the project, comprising the validation process.
Shytoshi Kusama, one of the main people among the development team of Shiba Inu, earlier gave a vague idea about the release of Shibarium a few weeks ago, and social networks were overrun with holders and fans demanding explanations and further information about the future project.
And with a large number of circulating SHIB, without the largest possible use cases currently, and quite an enthusiastic fan base, Shibarium can be a remarkable event and drastically change the picture for Shiba Inu.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
