Shibarium, an Ethereum layer-2 scaling solution, launched its mainnet on August 16 after a successful beta phase that saw 21 million wallets created. The platform is built on a proof-of-participation consensus mechanism and aims to provide a more scalable and cost-effective transaction platform for users. Prior to the launch, Shibarium gained traction from over 100 companies developing on the platform. The lead developer emphasized the importance of community and decentralization in the development of innovative technologies. Shibarium will utilize Heimdall validator and Bor block production nodes, similar to the Polygon ecosystem, to maintain decentralization. Users can become validators by locking 10,000 BONE tokens in the network.
