KAUFBEUREN, GERMANY – DECEMBER 04, 2021. Shiba Inu cryptocurrency coin close-up, on top of other cryptocurrency coins.
Shibarium is reported to have released a “donate” feature to enable users to support validators financially.
Experts believe that the Shibarium platform is growing exponentially, and could set Shiba Inu up to hit $0.01.
Shibarium has in its latest report integrated a new “donate” feature to its platform. Over the years, non-profit validators have gone the extra mile to maintain the efficiency and security of the network. To financially support their work, the donate feature was introduced. The donation would directly go to validators instead of third parties after users select a validator from the list provided on the Shibarium network.
As of press time, Shibarium had 12 validators. In terms of the staked amount, the largest validator on the network is ShibArmy America with 5.2 million Bone. Unification is the second largest with 4.9 million Bone. ShibArmy Europe sits in the third position with 2.9 million Bone. Ryoshi Labs is the fourth largest validator with 1.7 million Bone. ShibArmy Asia also has 1.6 million Bone.
The role of validators includes verifying transactions and upholding the integrity of the blockchain ledger. Rewards proportional to their stake are shared among all participants as compensation for their contribution. According to reports, the number of validator slots is capped at 100 with each validator required to stake a minimum of 10,000 units. This is explained on the official website.
More on the New “Donate” Feature on Shibarium
In exchange for their role and service, validators receive rewards proportional to their stake. The rewards are divided among all participants based on the amount of tokens they have staked. The user’s reward balance is recorded in a contract, which is used to determine the rewards that can be claimed. To become a delegator users need to stake a certain amount and approve the request after that they will be added to the delegator list.
Shibarium has also become the backbone of the Shiba Inu ecosystem with Del Crypto, a well-known crypto analyst, explaining that the project could be the major boost in sending the asset to $0.01.
$SHIB reached #3 in the world with $ETH transactions costing hundreds – thousands per… #Shibarium has free’d $SHIB of $ETH congestion & has made it affordable for everyone. Next bull run…will be MASSIVE.
The introduction of Shibarium is said to have freed Shiba Inu from the high transaction cost and congestion issues affecting Ethereum. Shibarium is already witnessing a higher user influx than expected.
Shiba Inu is currently trading at $0.000009 after surging by 2 percent in the last 24 hours. In the last three months, the asset has surged by 8.87 percent. In the last seven days, the asset has declined by 1.68 percent. Its 30-day gain is still positive with a 23.9 percent surge. A price prediction platform has predicted that Shiba Inu could hit a minimum of $0.00001 before the year ends, and trade at $0.000013 on average. At the maximum, the price can trade at $0.000016.
Currently, Dogecoin remains the largest meme coin by market cap with a current price of $0.08144 and a 24-hour surge of 3.93 percent.
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