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2. Intermediate Course

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  1. 1. What is Layer 0 in Blockchain technology?
  2. 2. What is layer 1 in Blockchain?
  3. 3. Second layer (layer 2) - what is it? 
  4. 4. Blockchain and its layers - What is layer three in Blockchain (L3)?
  5. 5. Ethereum 2.0 - What is it? 
  6. 6. Ethereum Proof-of-Stake (PoS) - what should you know?
  7. 7. Ethereum London Hard Fork - what is it ? 
  8. 8. What is the Ethereum Name Service (ENS) and how does it work?
  9. 9. Arbitrum: Ethereum scaling solution - everything you need to know
  10. 10. Polygon 2.0 - the value layer for the Internet
  11. 11. Ethereum ERC-4337 - what is it and how does this standard work?
  12. 12. What is an ERC20 token and how is it created?
  13. 13. The ERC-721X VS ERC-721 Standard – Key Differences!
  14. 14. What is cryptocurrency burning?
  15. 15. Examples of the use of WEB3 on the blockchain
  16. 16. What is Web5? 
  17. 17. Blockchain Oracle - what are oracles? 
  18. 18. Polkadot - Decentralized blockchain and DOT cryptocurrency
  19. 19. Polkadot Parachain - Next-generation blockchain
  20. 20. Interoperability in the world of cryptocurrencies and blockchain
  21. 21. What is Blockchain sharding?
  22. 22. Mainnet versus Testnet on the Blockchain. The complete guide!
  23. 23. MINA Protocol: the lightest blockchain in the world!
  24. 24. Sustainable Blockchain - Proof of Useful Work & Flux
  25. 25. Cosmos SDK: Building the Blockchain Ecosystem
  26. 26. What is cross-chain interoperability in Blockchain technology?
  27. 27. Blockchain trilemma - explanation of the problem. What is the impact on cryptocurrency payments?
  28. 28. Non-fungible tokens and NFT exchanges
  29. 29. How to make money with NFT?
  30. 30. What is the NFT licence fee?
  31. 31. NFT Gas Fee - what is it? How can you reduce your gas fee?
  32. 32. The main differences between static NFT and dynamic NFT
  33. 33. What is minting an NFT?
  34. 34. What are NFT Ordinals? A guide to Bitcoin NFT.
  35. 35. What is KnowOrigin NFT, and how does it work?
  36. 36. ERC-6551 - the new NFT standard. What does it bring to the non-exchangeable token sector?
  37. 37. What is NFT Lending all about? An innovative solution in the world of cryptocurrencies!
  38. 38. The Metaverse – a new virtual world
  39. 39. Metaverse – TOP 15 virtual reality projects
  40. 40. Technical analysis – is it worth using?
  41. 41. Trading order types: stop loss, trailing stop loss, LIMIT
  42. 42. Market Cap versus Fully Diluted Market Cap - the most important differences you should know!
  43. 43. Set up of Stop Loss and Take Profit orders
  44. 44. What are DeFi liquidity pools?
  45. 45. Real Yield in DeFi - what is this trend? What does it consist of?
  46. 46. Vampire Attacks in Decentralized Finance (DeFi): Explanation and Examples
  47. 47. What are wrapped tokens 
  48. 48. What are security tokens?
  49. 49. What are Social Tokens? 
  50. 50. Liquidity Provider Tokens (LPs). What are they, and why are they so important?
  51. 51. What is the Lightning Network, and how does it work?
  52. 52. What is Play-to-Earn (P2E) and how does it work?
  53. 53. Cryptocurrency steps - What is move to earn M2E?
  54. 54. Segregated Witness - what is Segwit Bitcoin all about?
  55. 55. What are Decentralized Cryptocurrency DEX Exchanges?
  56. 56. What is Curve Finance?
  57. 57. What is GameFi and how does it work?
  58. 58. What is Proof of Reserves (PoR)? How does it work?
  59. 59. DAO Investment: A revolution in the world of finance and investment
  60. 60. What is MakerDAO and DAI Stablecoin?
  61. 61. What is the SubDAO protocol, and how does it work?
  62. 62. How to Create Your Own Decentralized Autonomous Organization (DAO)?
  63. 63. Atomic Swap: What is an atomic swap, and how does it work with cryptocurrencies?
  64. 64. What Is Cryptocurrency Vesting? What Are Its Advantages?
  65. 65. What Is the Metaplex Candy Machine Protocol? How Does It Work?
  66. 66. What Is the BNB Greenfield Ecosystem?
  67. 67. What Is Slashing in Cryptocurrencies?
  68. 68. Royalties – What Are They? How Does This Type of Licensing Fee Work?
  69. 69. What is TradFi? The importance for cryptocurrencies!
  70. 70. What is the Real World Asset (RWA) trend in cryptocurrencies? Explanation and examples!
  71. 71. Pyth Network: a powerful oracle harnessing the power of Solana!
  72. 72. What are stables in the world of cryptocurrencies?
  73. 73. What Is Binance Oracle?
  74. 74. Shibarium: A new era in the Shiba Inu ecosystem?
  75. 75. What is an ETF? How will an exchange-traded fund on bitcoin work?
  76. 76. Symmetric and asymmetric encryption - key cryptography techniques!
  77. 77. Hedging in cryptocurrencies - great portfolio protection against risk!
  78. 78. How to create your own cryptocurrency? 
  79. 79. What is a Dusting Attack in cryptocurrencies? How to protect against it?
  80. 80. What is a Black Swan?
Lesson 74 of 80
In Progress

74. Shibarium: A new era in the Shiba Inu ecosystem?

The world of cryptocurrencies is constantly evolving, with innovations coming to market at an incredible rate. One of the newest and most promising projects in the Shiba Inu ecosystem is Shibarium. In this article, we take a look at what exactly Shibarium is and the potential benefits it could bring to the Shiba Inu community and the wider cryptocurrency industry.

Shiba Inu (SHIB) – what is it?

Before we move on to discuss the main topic of today’s article, we must first tell you what Shiba Inu is. Shiba Inu is the most well-known, meme cryptocurrency. It was launched in August 2020 during DeFi Summer. Its core values are: decentralisation and community engagement.

Shiba Inu is an ERC-20 token, built on the Ethereum blockchain. SHIB has the highest total supply among other altcoins – 1 quadrillion SHIB.

Although Shiba Inu is classified as memecoin, it has a very significant ecosystem that even includes a DeFi protocol called ShibaSwap. The project plans to venture into the abyss of NFT and Metaverse.

What is the Shibarium?

Shibarium is a project that aims to create a proprietary blockchain platform for Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity due to its playful beginning and engaged community. It is a response to the growing demand for more advanced tools and features in the Shiba Inuecosystem.

More specifically, Shibarium is the Layer 2 Ethereum network, backed by Shib tokens. Shibarium is not a blockchain per se, but a blockchain layer that runs on Ethereum. The idea behind it is to take over a sizable transaction SHIB so as not to rely solely on the Ethereum ecosystem. The project is also intended to improve scalability, while also leveraging the Ethereum security layer.

This is very important because the main criticism faced by Shiba Inu, built on Ethereum, was its low capacity and high gas tariffs. This, in turn, was a huge impediment to the development of the entire Shiba Inu ecosystem. Even an upgrade to proof-of-stake did not change this.

The long-awaited Shibarium Bridge has been fully functional since 28 August 2028.

Interesting fact: Bridge, or in fact ‘bridging’, is a term that refers to the transfer of resources from Layer 1 to Layer 2. In the case of Shibarium, Layer 1 is Ethereum, while the Layer 2 protocol built on top of it is Shibarium.

Interesting fact 2: Following the introduction of the update, in just two days the number of daily transactions on Shibarium doubled and the number of addresses increased to over 330,000!

Features and key functions of the Shibarium

  1. Shibarium is a separate blockchain for Shiba Inu. This means that SHIB is no longer dependent on Ethereum. This brings greater independence and control over its own ecosystem.
  2. Smart contracts, which are one of the most important features of Shibarium. They allow the creation of advanced applications and services based on SHIB.
  3. Shibarium is a huge potential for the creation of decentralised financial services (DeFi). For users of the ecosystem, this is a huge plus! This allows them to use a variety of financial products, such as loans, staking or yeld farming.
  4. Scalability.This is one of the problems that Shibarium precisely can solve. As we mentioned in the paragraph above, the Ethereum on which Shiba Inu originally operated has limited capacity. This has resulted in high gas charges, among other things. Shibarium offers faster and cheaper transactions.
  5. Interestingly, Shibarium provides the opportunity to create and trade NFTs that are based on SHIB. This is another opportunity for creative applications of this ecosystem.

Coins that accompany the Shiba Inu

In the Shiba Inu ecosystem, there are a number of tokens you need to know before you are interested in Shibarium functionality. Here they are:

  • Shiba Inu (SHIB). This is the original coin of the SHIB. There are currently approximately 550 trillion SHIB in circulation.
  • BONE. A token of governance and usability in the Shiba Inu ecosystem. This is the coin that allows its holders to vote on the development of the project. It will also be Shibarium’s utility token. The supply of BONE is limited to 230,000 coins.
  • LEASH.The most expensive coin is Shiba Inu, also in limited supply (approximately 100,000 units). Holders of these tokens can pledge them in liquidity pools, for which they receive rewards.
  • TREAT. The latest token from the Shiba Inu collection. Launched in the summer of 2022. Its purpose is to reward its holders. The token will also feature in ShibaSwap DEX, instead of BONE. It will also play a key role in the upcoming Shiba Metaverse and the Shiba Inu game.
  • Stablecoin SHI. There is not much information about this stablecoin at the moment. According to information, it will have some connection to the TREAT token.

Shibarium benefits

There are many benefits to implementing this solution. Here are the most important ones:

  1. First and foremost – more capacity. This is the main objective of Shibarium.
  2. Lower fees. There are really high expectations for the Shibarium. One of them is that it will make gas charges really small, or maybe even eliminate them completely.
  3. Shibarium will increase the utility of the Shiba Inu token. This solution is also expected to offer a SHIB burning mechanism. You will not be surprised to learn that the huge supply of SHIB token is an obstacle to turning it into a usable token.
  4. Development of dApps. This we also owe to Shibarium. Shiba Inu wants to become a major solution in this sector.
  5. Development of the Metaverse. The project plans to develop Shiba Inu in the Metaverse space. Shibarium is to play a key role in this endeavour here.

The future of the Shibarium

Without doubt, this is a huge step for the memecoin Shiba Inu (SHIB) ecosystem. It is another boost to global adoption of SHIB. What is eye-catching is that as part of Shiba Inu’s tokenomics, the project wants to use ShibaSwap’s BONE token as a gas fee token in Shibarium.

Moreover, in Shibarium TREAT will be an addition to SHIB and BONE. It will also be a new financial incentive tool. The token is in the development phase, but it will definitely bring a lot to the whole ecosystem.

Equally importantly, the creators of Shibarium emphasise that all the materials required for the beta testing of Shibarium will be completely free, and any offer to purchase tokens, is a scam.


Shibarium is an exciting project that could change the future of Shiba Inu. Bringing independence, scalability and advanced features, Shibarium is creating a new era in the SHIB ecosystem. Although the project is still in development, its potential and impact on the Shiba Inu community and the cryptocurrency market as a whole is undeniable. The progress of Shibarium is worth following, as it could become one of the most important steps in the history of Shiba Inu.

Complete today’s lesson!

  1. Dogecoin and memecoin – what are they?
  2. Cryptocurrency burning.