Shibarium, the long-awaited Shiba Inu blockchain, has been a success since its launch, with the network securing over 3 million transactions in the first three weeks after its launch.
Additionally, Shibarium has been able to deploy over 10,000 smart contracts with an average of 41,500 unique transactions per day. The network has now revealed its future plans with ShivPaper.
The article highlights how Shibarium is laying the foundations for a new digital world state. Shibarium is poised to revolutionize the crypto community in the coming years. Here is a summary of the network's objectives:
Community Empowerment
In Shibarium, each token will have its own role and the network will facilitate democratic and fair decision-making. So every Shiba Inu user will have a part of the community.
Equal representation
Siba-inu will ensure that representatives of the shiberium make the same decisions within the community. This will reduce dependence on central authority and allow everyone access to power.
antitrust
Since the network will participate in voting for each token, it will be able to avoid being dominated by limited users. This will maintain a perfect balance throughout the Shiberium ecosystem.
Motivating participation
Since each token will be able to vote, users will be motivated to participate in the network. This will promote interaction and cooperation within the community.
Transparent and fair management
With equal voting rights, an organization cannot exert undue influence. This will promote trust and good governance among Shiberium users.
Build self-confidence
Shiberium's decentralized and transparent governance will increase trust. This will create a positive environment in which users trust each other and the network.
Steady growth
The network will embrace decentralization and empower the community. This will pave the way for longevity and sustainable growth through active participation and collective decision-making.
In addition, Shiba Inu expects to solve 15 major problems of the cryptocurrency industry. Shiberium will have to face:
- Lack of centralization and transparent management
- scalability and high transaction fees
- Still on sale
- Fragmentation and lack of interaction
- Responsibility and evolution
- Unclear decision-making process
- Security, privacy and identity concerns
- Bad user experience
- Fragmented ecosystems
- Lack of governance and community involvement
- Lack of real utility
- Misinformation and lack of education
- The threat of centralization
- Compliance with regulatory requirements
- The future of cryptocurrencies is uncertain
It seems the cryptocurrency community is excited about the new update. In light of the growing support Shibarium is receiving, its continued success seems certain. By redefining the functionality of the crypto community, the network can serve as a model for other blockchain networks.