•Shibarium, the layer-2 scaling solution of Shiba Inu, could become more decentralized than Ethereum in the future. This is the goal of development firm Unification.
•Unification’s native token, FUND, will be used to power UNODE – their upcoming tool for decentralized applications (dapps) in the Shibarium ecosystem.
•Unification’s UNODE addresses the vulnerability created by centralized industry incumbents Alchemy, Infura, Moralis, and Quicknode providing bulk of ETH nodes.
Shibarium Could Become More Decentralized Than Ethereum
Ringoshi Toitsu, a well-known validator of the Unification (FUND) network shared on Twitter that Shibarium – the layer-2 scaling solution of Shiba Inu – could become more decentralized than Ethereum – the layer-1 technology on which Meme Coin is built – in the future. This is reportedly due to development firm Unification’s upcoming tool UNODE for decentralized applications (dapps) in the Shibarium ecosystem, which will use FUND as its only cryptocurrency.
Vulnerability Created by Centralized Industry Incumbents
Nodes are a critical part of Ethereum infrastructure and there have been discussions about how centralized it is in terms of nodes. A Messari study found that over 70% of leading Ethereum applications run on just four centralized node providers – Alchemy, Infura, Moralis and Quicknode – creating a vulnerability in the technology stack of decentralized applications. As many such nodes are permissioned and require card payments through dapps to operate thus tracking could potentially be turned on at any time.
UNODE Addresses Vulnerability Issue
Unification’s UNODE is designed to address this issue by democratizing, decentralizing and incentivizing EVM node operation. Its launch in 2023 offers a more secure and decentralized infrastructure for developers & Dapps – using FUND as gas!
Impact Of The Launch Of UNODE On SHIB Ecosystem
The launch of UNODE will have major impact on SHIB ecosystem as it will play an important role for it going forward with respect to decentralization and security issues related to EVM node operations.
In conclusion Unification’s UNODE aims to provide a more secure and decentralized infrastructure for developers & Dapps while solving centralization issues related to EVM node operations faced by most blockchain networks today including those powered by Shiba Inu’s Meme Coin platform.