Last updated on May 18th, 2024 at 11:47 am
Shibarium Surpass Ethereum Decentralization – Future developments of Shibarium, Shiba Inu’s layer-2 scaling solution, may make it more decentralized than Ethereum, the layer-1 technology upon which the Meme Coin is based. This is the aim of Shibarium’s primary developer, the development company Unification.
This information was tweeted by well-known Unification (FUND) network validator Ringoshi Toitsu. Toitsu shared a screenshot of a conversation with a community member and the Unification Foundation in a tweet on April 5th.
The crucial problem of the centralization of Ethereum Virtual Machine (EVM) node operations is being discussed by Unification. Decentralized applications (dApps) in the Shibarium ecosystem will thus employ SHIB’s layer-2 technology and the future UNODE tool from Unification.
The native token of Unification, FUND, will also be crucial. Toitsu clarified that UNODE will only accept FUND as a form of payment. Additionally, he predicts that UNODE will be crucial to the SHIB ecosystem as a whole. He tweeted the following:
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BREAKING 🚨— #Unification is now tackling the next major point of centralization for #Shibarium operations – EVM node operations#UNODE’s launch in 2023 offers a more secure and decentralized infrastructure for developers & Dapps — using $FUND as the gas! pic.twitter.com/aeslXUmeaw
— Ringoshi Tōitsu (@RingoshiToitsu) April 5, 2023
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Shibarium’s Decentralization: Key to Shiba Inu’s Success
A crucial component of the Ethereum infrastructure is the nodes. Discussions regarding how centralized Ethereum is in terms of nodes have been going on for a while. In the fall of 2022, a Messari investigation discovered that just four centralized node providers power more than 70% of the most popular Ethereum applications.
In a blog post, Unification expands on this, noting that the majority of ETH nodes are provided by centralized industry leaders Alchemy, Infura, Moralis, and Quicknode, creating a weakness in the decentralized applications’ technical stack.
Additionally, because they demand card payments through dApps, many are recognizable and permitted. The article points out that tracking may thus be enabled at any time and goes on to explain why:
“Unification’s UNODE addresses this Achilles’ Heel, by democratizing, decentralizing, and incentivizing EVM node operations. In accordance with our ethos, this will be pure Web3.”
Before 2023 comes to a conclusion, UNODE is expected to launch. This will not only benefit the SHIB ecosystem, but it will also give the FUND token access to special services.
Unification will provide more crucial infrastructure to Shiba Inu. The Oracle of Oracles (OoO), a permission-free master oracle that aggregates data from centralized and decentralized exchanges to give real-time asset pricing, is a component of Unification’s technology, as Toitsu revealed in an interview.
The SHIB ecosystem will be heavily connected with the OoO service. ShibaSwap, Shiboshi NFTs, and Shibarium are examples of this.
Shibarium Price Today
Shibarium DAO’s live price is currently $0.000421, and its 24-hour trading volume is $42,883.75 USD. We continuously update our SHIBDAO to the USD exchange rate. Shibarium DAO has increased by 18.16% over the past day. With a 1,000,000,000 coin supply, SHIBDAO is currently ranked #4155 on CoinMarketCap.
Oklo Adiga
My name is Oklo Adiga and I am a blogger that loves writing. I am ambitious and driven, I thrive on challenges and constantly set goals for myself. Always feel free to reach out to me if you have any questions or if you just want to connect.