💡Shibarium Network

Good to know: Shibarium Network was named after the popular cryptocurrency called Shib, which appeared on the market in 2020.

Shibarium Network

Shibarium is a modern blockchain network that enables the creation and management of various types of digital tokens, including NFTs and the Shib cryptocurrency. The network is designed to provide an efficient and scalable platform for creating, storing, and exchanging digital assets. Shibarium Network is built on Ethereum Network, which means its scalability is dependent on the capabilities of Ethereum Network. However, Shibarium Network uses scalability solutions such as zk-rollups, which allow transactions to be moved from the main chain to a side chain, significantly increasing network throughput and reducing transaction costs.