HomeNewsShiba Inu: Shibarium's Bridge Set to Boost Adoption and Enter Billion-$-Market, Enabling...

Shiba Inu: Shibarium’s Bridge Set to Boost Adoption and Enter Billion-$-Market, Enabling Bi-Directional Transactions Between SHIB and Ethereum

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    • Shibarium bridge is partly functional and expected to boost Layer 2 utility once fully launched.
    • BONE Shiba Inu governance token has scored a new exchange listing with Hotcoin Global, marking its sixth listing in days.

Shibarium bridge to boost Layer 2 utility

Shiba Inu enthusiast LucieSHIB shared important information about Shibarium, stating that the Shibarium bridge is partly functional. Once fully launched, the bridge is expected to boost Layer 2 utility and enable a bi-directional transaction environment between Shibarium and Ethereum. By utilizing Plasma and PoS security, the bridge would allow users to transfer tokens between the two networks without any third-party risks or impact on market liquidity. Currently in the beta phase of testing, Shibarium’s PoS chain uses side chains to process transactions, resulting in faster transaction speed and cost-effectiveness.

BONE scores sixth exchange listing

Shiba Inu’s BONE governance token has once again scored a new exchange listing, this time with Australian-based Hotcoin Global. This marks BONE’s sixth exchange listing in a matter of days, with Deepcoin, OKX, Huobi Global, CetoEX, and Flitpay crypto exchanges all announcing BONE listings. BONE’s growing list of exchange listings could potentially increase its utility and market liquidity.

Shibarium and BONE’s potential for growth

Once fully launched, Shibarium’s bridge could potentially bring increased utility to the platform, as it would support ERC-20 tokens and enable faster and cost-effective transactions. The use of Plasma and PoS security would also ensure asset security for users. Similarly, BONE’s growing list of exchange listings could increase its market liquidity and utility. With these developments, Shibarium and BONE could potentially see growth in the near future.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628