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Shibarium Receives Major Boost as Shiba Inu (SHIB) Partner Launches Own Validator Node

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Tue, 29/08/2023 - 14:05
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Shibarium Receives Major Boost as Shiba Inu (SHIB) Partner Launches Own Validator Node
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In a significant development, Unification (FUND), the pioneering blockchain start-up behind Shibarium, has unveiled its validator node, marking a crucial milestone for the Shiba Inu ecosystem. The eagerly awaited move allows all holders of the BONE token to engage with the network on an entirely new level.

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As mentioned, at the heart of this advancement lies BONE, the exclusive "passport" to Shibarium. Operating on the proof-of-stake consensus, the protocol dictates that network participation demands the delegation of BONE tokens to a chosen validator for staking.

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Currently, Unification's validator stands as a beacon of prominence, securing its place as the largest operator of Shibarium nodes in terms of staked tokens. A total of four million BONE tokens have been entrusted to Unification's able hands, with a notable self-stake of 9,999 tokens indispensable for node operation.

What's surprising is that ShibArmy Africa commands the second spot on the leader board, with an impressive 3.83 million staked BONE tokens. Following closely, ShibArmy America secures its place in the triumvirate with 3.27 million tokens pledged for staking.

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Shibarium's recent reopening after initial hiccups gained momentum with vital assistance from Polygon (MATIC) colleagues, who contributed their expertise in debugging the network. This revitalization has sparked a remarkable surge, propelling the number of Shibarium wallets beyond the coveted 100,000 mark, signaling growing enthusiasm among the SHIB community. As Shibarium thrives under the patronage of Unification's development, the wider crypto sphere eagerly anticipates the ecosystem's next strides too.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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