Shiba Inu's most widely anticipated development is the launch of the Shibarium product, which might be this month. This is a layer-2 scaling protocol that Shiba Inu has designed to address the scaling and gas issue on the Ethereum chain. That's why it is getting a lot of attention from the crypto community.
Shiba Inu has been struggling with reducing transaction volumes because of the expensive gas fee on the Ethereum chain. The speed of transactions has also been slow, and all these factors have a negative impact on the growth of the Shiba Inu coin.
From the information released by the Shiba Inu team, they are planning to have the Shibarium launched this June. The launch of the Shiba Inu Shibarium product is expected to give Shiba Inu some good momentum in the crypto market. This is because the transaction on the Shiba Inu network is expected to skyrocket.
The adoption of the Shiba Inu coin is also expected to increase as the adoption of the Shibarium protocol grows. That's how the Shiba Inu price will skyrocket. However, crypto experts say Shibarium has got nothing on the Bitgert BRC20 blockchain. Bitgert has a more powerful network, which will still make Shiba Inu look inferior.
The Bitgert BRC20 chain has a zero gas fee mechanism, making Bitgert cheaper than the about to be launched Shibarium. Transacting on the Bitgert chain costs as little as $0.0000000000001 as the gas fee. Unless the Shiba Inu team can make Shibarium reduce the gas fee to the Bitgert BRC20 level, it will be difficult to beat the Bitgert competition.
The Bitgert BRC20 blockchain is also the fastest chain in the market right now. Bitgert is the only blockchain that has managed to reach the 100k TPS mark. Unless the Shiba Inu Shibarium is able to reach this speed, then it will still be unable to offer any significant competition again Bitgert.
The bottom line is that Shibarium will still not make Shiba Inu a worthy competitor for the Bitgert zero gas fee chain. Unless the Shiba Inu scaling protocol surpasses Bitgert BRC20 blockchain performance, it might not make a significant competition against Bitgert.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.