A close up of a dog sitting on a wooden floor

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After months of development
,
Shibarium the Etheruem L2 blockchain solution for Shiba Inu called Shibarium went live on the mainnet on Aug
.
17
,
marking the start of a new era of decentralization for the meme token ecosystem
.
Shibarium is built on a new consensus mechanism called proof-of-participation (PoP)
,
which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency
.
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