Shiba Inu tokens will be available on the Internet Computer (IC) network soon.
Shiba Inu is a popular meme token that grabbed the attention of big crypto investors because of the Elon Musk’ shoutout. Initially, Shiba inu token was launched as a meme coin on the Ethereum network but now its back-end team focuses on different projects to make the Shiba Inu token useful in different ways, unlike meme tokens.
On 9 December, Dfinity Foundation, a nonprofit organization behind the Internet Computer crypto project, informed that people will be able to hold their Shiba Inu & Dogecoin funds directly on the IC network without any use of the bridge.
You can soon hold #DOGE or #SHIB natively on the #InternetComputer thanks to Chain Key ECDSA – no bridges
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— DFINITY (@dfinity) December 9, 2022
Indeed in the present time, crypto investors required the use of bridge platforms to use the some efficient crypto networks for the transaction of meme coins.
For example transactions of Shiba Inu token on the Ethereum network is very costly, which is not a good thing for small budget crypto traders.
So now the completion of the ongoing development works will allow the crypto investors to transfer Shiba Inu at 0.0003 ICP ) $0.001337).charge.
Shibarium blockchain
The project team behind the Shiba Inu token is developing a new blockchain network Shibarium. Team was planning to launch the release of this new blockchain by the end of 2022 but so far they didn’t talk about this thing.
Shibarium will be a layer-2 scaling network that will allow Shiba inu token transactions at a very low cost but Shiba tokens will not be native tokens on the Shibarium network.
The Shiba Inu project team also working on the SHI stablecoin & Metaverse project “Shiberse” to bring huge numbers of use cases for the Shiba Inu token.
Read also: Starbucks beta testing rewardable NFTs on Polygon network
Soon crypto investors will be able to hold Shiba Inu on the IC network
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https://bitcoinik.com/soon-crypto-investors-will-be-able-to-hold-shiba-inu-on-the-ic-network/feed/
