SHIBARIUM | Layer 2 Solution

What is Shibarium Layer 2 Solution?

• Shibarium Layer 2 solution is designed help to scale application by handling transactions off the Ethereum Main Network.
• Shibarium Layer 2 is built on top of Ethereum Main Network to increase throughput without tampering with any original security or decentralization characteristics that are integral to the original Ethereum Main Network.

How does Shibarium work?

• Shibarium will take a part of Ethereum transactions and move over to Shibarium. Shibarium will handle the process of the transaction and report back to the Ethereum Main Network once result is finalized.
• Shibarium Layer 2 will use $BONE as it’s native token for transactions fee.

Why Shibarium Layer 2?

• Shibarium is able to reduce down congestion on Ethereum Main Network, improve scalability and security.

Above GIF is made by Shibcity, twitter handle is *Kaushalshaz* give him a follow!

Since Shibarium Layer 2 share a certain data processing with the Ethereum Main Network just like Polygon Matic. With Layer 2 solution Ethereum Main Network will become less congested, fees will be much cheaper which improve scalability. Scalability seen by many as the greatest obstacle to mainstream adoption of cryptocurrency, it is known to look for solution that solve it. Layer 2 Blockchain solutions are among them. They are the secondary frameworks or protocols that are built on top of an existing blockchain and operate without tampering with the base protocol. Layer 2 allows micro transaction with lower fees.

EXTRA INFO

Just like Bitcoin, Bitcoin is the blockchain. Bitcoin Layer 2 solution is the Lightning Network which just got upgraded last year. Now Bitcoin user can experience faster and cheaper fee. Lightning Network node operator will pick up a small fee for each transaction. “At the time of writing, the base fee per transaction is 1 satoshi (0.000042 btc), equivalent to 1.87 USD”

From this we learned that Layer 2 Solution will really help to reduce down fee and make transaction much more scalable so that we can enjoy cheaper and faster transactions.

Hope that the explanation of Layer 2 solution is easy to understand and why is it important for the Ethereum Main Network.

Love Ryu ❤️