Breaking: Shibarium Early Public Beta Test Puppynet Goes Live

Shibarium Beta Puppynet Shiba Inu News: Amid much anticipation about the Shibarium beta launch, Shytoshi Kusama, the lead developer of Shiba Inu, announced that the beta test is now live. The developer said there was utmost need for a decentralized layer 2 network to facilitate a large, global and decentralized community. Introducing the beta test, the developer said the early beta test of the Shibarium Network would be called ‘Puppynet’. The update comes at a time when the crypto market is concerned about liquidity effects around USDC stablecoin, which could lead to further depegging from the $1 value.

Also Read: Bitcoin Price Unfazed By USDC Stablecoin Crisis, Signals At Upcoming Bull Run

Kusama reiterated that Shibarium has been designed as a layer 2 blockchain that allows for building Decentralized Applications (DApps). The layer 2 blockchain also allows to integrate into real life businesses, and power projects with it. As revealed earlier, Shibarium network is said to be a low cost solution that also burns SHIB tokens in the process. In the last week of February 2023, Kusama unvieled the Join Shibarium portal, which allows for an intake system for the community.

Shibarium Beta Platform

The beta version interface has information about network stats, validator information as well as the staking functionality. Kusama made the announcement in a blog,

“Well, today we begin the EARLY Beta Test of the Shibarium Network which we call PUPPYNET!”

Meanwhile, the Shiba Inu price (SHIB) is yet to show clear signs of impact from the beta announcement. This is probably because of the volatility in the market amid USDC depegging after the Silicon Valley Bank collapse.

Also Read: Some Crypto Funds Confident Of USDC Recovery Amid SVB Contagion?