- Shibarium developers worked on the Ethereum-Shibarium Bridge last week.
- Layer-2 compatible cold wallets will let users store their private keys offline.
- Whales continue accumulating SHIB despite a week-long price freefall.
With phishing crypto hacks and scams on the rise, many crypto enthusiasts have turned to a safer alternative for custody. Cold storage wallets are used to store cryptocurrency offline, thus erasing the chances of an online hacker stealing funds.
Recent Discord conversations reveal a cold storage solution for Shiba Inu (SHIB) is underway. Shibarium, the Layer-2 solution, will use the alternative token Bone ShibaSwap (BONE) for gas fees and governance. Ultimately, this means that both Shiba Inu and Bone ShibaSwap could be kept with private keys offline on a physical device.
Earlier this year, the leading cold wallet storage manufacturer Ledger announced support for Shiba Inu’s Layer-2…
