Shiba Inu’s Shibarium: What is it and when does it launch?
16:12, 14 December 2022
There is mounting speculation that the “dogecoin killer” meme coin shiba inu (SHIB) will see its long-awaited Shibarium upgrade come in 2023.
No official date has been issued as to when the upgrade will be arriving, but tweets from a SHIB developer have piqued the interest of crypto Twitter.
The Shibarium upgrade is a Layer 2 blockchain solution that was first proposed by Ryoshi, the anonymous creator of SHIB, in May 2021.
The development of SHIB, which was built on the Ethereum (ETH) blockchain, has been hampered by the Ethereum’s low scalability and high gas fees, which have thwarted SHIB projects from reaching their full potential.
The idea behind Shibarium is to offload some of the transaction data to a dedicated Layer 2 infrastructure while still retaining a direct link to the Ethereum network.
SHIB to USD
A tweet leads to speculation Shibarium could arrive soon
A tweet from Shib Trophias, a SHIB developer who is co-lead for the SHIB defence team and works on the SHIB metaverse team, resulted in SHIB holders speculating that the Shibarium upgrade will be released very soon.
On 11 December, Trophias tweeted a riddle that read: “As the minutes to midnight draws near, time ticks away. For now, the sands in the hourglass keep flowing through. What am I?”
Another riddle for people on this amazing Sunday for the community! Going to piggyback off the first. Hopefully this one gives more context :).
— Shib Trophias (@ShibaTrophias) December 11, 2022
As the minutes to midnight draws near, time ticks away. For now. the sands in the hourglass keep flowing through. What am I? pic.twitter.com/gEVql866bF
The hourglass riddle came a few days after Trophias issued his first hint on Twitter on 7 December that: “The phrase is simple, exact timing is unknown to those who deceive. Closing time. Who will initiate the clock? Tick tock y’all.”
This tweet also included a reference to the the California rock band, Linkin Park, which released a song called My December in 2000, and this again fuelled speculation among crypto Twitter that something may arrive in December relating to SHIB.
What is your sentiment on SHIB/USD?
SHIB price is on the rise
As of 16:07 GMT on 14 December, SHIB was trading at $0.000009176, up by 0.02% compared with the previous day, according to CoinMarketCap.
The meme coin was also up 0.79% compared with its price seven days ago.
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