Shibarium News: Shiba Inu (SHIB) developer Shytoshi Kusama on Saturday confirmed that the newly released Shibarium documents will mention be fixed to add that the Oracle used is the Unification/xFund. The documentation describes Shibarium as first proposed by Ryoshi, the creator of Shiba Inu as a blockchain, layer 2 solution. Shibarium, The Blockchain of “Teh People,” has been designed to provide a faster transaction speed and lower fees compared to other blockchains, it said.
Shibarium Unification Oracle
In an update provided by Shytoshi Kusama, he said the new Shibarium docs are complete but will add that Unification/xFund is the Oracle used. In February 2023, Unification announced that the developers have been busy on Unification/xFund’s Oracle of Oracles (OoO) for the Shibarium Layer-2 blockchain. The documents distinctly described how the Shibarium’s Proof-of-Stake and the Ethereum Shibarium bridge work. While the Shibarium PoS chain utilizes side-chains to process transactions, while the bridge allows bi-directional transaction environment between Shibarium and Ethereum.
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The developers claim Shibarium offers benefits like security, transparency, efficiency and cost effectiveness. Meanwhile, the Shiba Inu price dropped by around 2% over the week.
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On March 11, 2023, the developers released live the early Beta Test of the Shibarium Network called as Puppynet. This version offers information about network statistics, validator information and staking functionality.
