Shiba Inu is a decentralized cryptocurrency that facilitates peer-to-peer transactions over a blockchain network. It has its own layer-2 blockchain known as Shibarium that allows users to send and receive Shiba Inu tokens (SHIB) faster and more securely. Besides, it allows users to stake BONE tokens and earn rewards. Shibarium's lead developer, Shytoshi Kusama, recently addressed several important concerns related to the network in a Telegram message. Kusama shed light on the team's strategy of adding validators to Shibarium. He explained that the team follows a ‘particular strategy’ to add validators to keep the network safe from adversaries. Kusama cautioned that in order to protect the chain from any sort of attack, it wouldn’t be prudent to add validators suddenly or impulsively. Furthermore, he added that the Shiba Inu team was considering to increase staking rewards to motivate users to stake BONE toSHIB.

Kusama also responded to multiple inquiries regarding Shibarium-powered SHIB burns. He reiterated that the network will burn SHIB after the network has accumulated $25,000 worth of BONE tokens. Reiterating the same, the platform had announced prior to its mainnet launch that it will use 70% of the base transaction fee to incinerate SHIB tokens.

He further expanded on the number of transactions that are needed to attain $25K worth of BONE by referring to Shibburn, a burn tracker launched by Shiba Inu to estimate the number of transactions and accumulated BONE tokens. According to Shibburn’s tracker, Shibarium has only amassed 0.51 BONE ($0.38) from transactions on the network. As of the time of writing, the network needs to process 5,192,472,627,939,039 (5.19 quadrillion) transactions to incinerate SHIB tokens.

To conclude, Kusama's remarks provide a better understanding of the validity of concerns related to the network, and the team's efforts to ensure the security of the network.



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