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Re: KICK1 post# 15178

Friday, 12/03/2021 4:10:30 AM

Friday, December 03, 2021 4:10:30 AM

Post# of 57223
So Shibarium is an L2. Meaning it's a blockchain on top of another existing one, eth. But our l2 will be independent of etheruem network regardless. Our own blockchain,algorithm. So fees on Shibaswap 2.0 will not be paid in ether. Ryoshis vision was for bone to be the native token of Shibarium. But Shib could also be used as payment too. With proof of stake consensus mechanism and in time should be a direct competitor with the ethereum network. We start programming smart contracts and it's game over. Why would future dapps choose a congested network 'eth' over Shibarium if it's just as safe and even faster since the network will have much less running on it and could compete with tps? Transaction fees could be paid in bone whereas dapps wanting on the network may be required to stake let's say Shib, or pay with it. This would also give devs of these dapps incentive to buy Shib, because this would be increasing the value of the network their programs are operating on while decreasing Shib supply. We just might become one of the world's most widely used crypto currencies while simultaneously competing with coin exchanges AND blockchain networks like ethereum. That's how we reach a MC of $500B. This isn't just about Shib hitting a penny. This was always so much bigger than that! Devs are geniuses!
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