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Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date

Date:

A leading cryptocurrency hardware wallet provider plans to support Shiba Inu’s (SHIB) major upgrade to the blockchain project.

Ledger says plans are already underway to integrate SHIB’s layer-2 blockchain called Shibarium, which is expected for release this year.

During Ledger’s new Twitter “Ask Us Anything” session, a Shibarium supporter asks the company:

“Will you provide support/accounts for the new ETH layer 2 Shibarium?”

Says Ledger,

“Hey – yes that is our roadmap. Stay tuned for updates.”

Another hardware wallet company, Trezor, also appeared to confirm plans to support Shabrium.

Says Trezor,

“Hi, as we support Ethereum layer-2 networks, [Shibarium] should be supported in Trezor firmware by default.”

The meme token rival of Dogecoin (DOGE) opened the year at $0.00000803 and hit a 2023 high of $0.0000138 on Jan 21st, an increase of about 72%.

The meme token rival of Dogecoin is the 15th-ranked crypto asset by market cap. At time of writing, SHIB has retraced to a value of $0.0000117.

In a recent blog post, the project does not give a specific date when Shibarium will launch, but says it is “about to be launched.”

Shibarium is designed to deliver scalability, faster transaction times and reduced gas fees, per the blog post.

Shibarium will run on top of the Ethereum (ETH) blockchain and is also intended to make it easier for developers to build decentralized applications, known as DApps, on the Shiba Inu blockchain.

Shibarium developers have previously announced Bone ShibaSwap (BONE) will be the official digital asset used to operate the blockchain. Each BONE transaction on it will burn SHIB tokens.

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