Don’t Fade on BONE, Shytoshi Kusama Explains Why

What if a seemingly simple token held the keys to a technological revolution? Shytoshi Kusama explores this transformative potential in his newest blog post, revealing the expanded utility of BONE, Shiba Inu’s L2 gas fee token, directly challenging the FUD surrounding the token and positioning Shibarium as a key catalyst for blockchain innovation.

Countering the FUD: Shytoshi on BONE and Community Relations

Kusama’s blog post is framed as a direct response to what he characterizes as “FUD,” or Fear, Uncertainty, and Doubt, surrounding the BONE token, as hype mounts in the days leading to the launch of Shiba Inu Treat (TREAT) token. He stated that the team has been working diligently to establish relationships with exchanges.

This was not only with the goal to list TREAT, but also to showcase the power of Shibarium and to include all of the ecosystem’s projects. He also stated that his team has been working “without the huge budgets” of other players in the industry and this has been an uphill battle. He also called out those who have been spreading FUD as being “most likely people close to us who KNOW we are building.”

BONE’s Expanded Core: Powering Shiba Inu’s Layer 3 System

The blog post reframes the role of BONE as more than a simple gas token, highlighting its new function as a key element in a planned layer 3 system with Fully Homomorphic Encryption, FHE. The new utility is an expansion of BONE’s core utility, acting as a gas token for Shibarium.

Kusama further elaborated on an experimental project that will allow users to “spin up roll-ups,” similar to Arbitrum or Optimism, all of which would then settle on Shibarium. This design makes BONE essential not just for on-chain functionality but as the transaction medium for an expanded ecosystem of layer 3 projects that operate on Shibarium.

Shibarium: BONE Settlement and Data Availability Layer

Shibarium is intended to function as both a settlement layer and a data availability layer (DAL) for these new roll-ups. A DAL, as outlined in the blog, ensures that blockchain transaction data is accessible and verifiable by all participants and that this technology is essential for scalability and efficiency.

The blog explicitly mentions that the project has compared this use case of Bone, to that of Celestia and its token TIA. The Shiba Inu visionary also stated that “Shibarium becomes not only a settlement layer for these variety of Roll-Ups but a data availability layer!”

Connecting the Shiba Inu Ecosystem

In addition to its roles in Shibarium’s architecture, BONE is intended to be used as the central hub for all “Spoke” chains, using cross-chain enablement via Chainlink for all of their protocols. This is framed as a way to demonstrate the importance of BONE, as well as the project’s serious intentions.

This positions BONE at the center of an expanding network where its utility stretches beyond individual transactions into the overall connectivity of the entire system and ecosystem, showing the project’s intention for growth. Kusama’s blog post concludes with an emphasis on the future utility of BONE and the project’s intentions, stressing the focus on further adoption of Shibarium.

As Kusama’s blog post makes clear, the narrative around BONE is still being written. What was once seen as a simple gas token is now being positioned as the central element in a growing ecosystem, with expanded functions as a settlement and data availability layer, and as the foundation of new, layer 3 projects that operate through Shibarium.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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