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

Tue, 08/29/2023 - 14:05
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Gamza Khanzadaev
Shiba Inu expansion gears up as Shibarium builder Unification opens its own validator node
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.

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.

Shibarium Hits Important New Milestones Soon After Relaunch

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.

Shiba Inu: Shibarium Reaches First Major Milestone

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.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.