- Shiba Inu is tying all applications to a blockchain-based digital identity to strengthen trust.
- Shiba Inu is transitioning from a meme coin to a serious DeFi contender with Shibarium.
- Shiba Inu’s developers are prioritizing Self-Sovereign Identity (SSI) deployment in community projects.
Shiba Inu is making strides in the blockchain market, transitioning from its meme coin status to a serious decentralized finance (DeFi) contender. The Shiba Inu ecosystem is tying all applications to a blockchain-based digital identity, known as Self-Sovereign Identity (SSI), to strengthen trust among SHIB users and governments.
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SSI is the digital equivalent of identity documents, such as passports and driver’s licenses. It gives users more control over their personal data and its distribution online. Shiba Inu developers are working with community projects to ensure SSI deployment is a priority, positioning Shiba Inu as a tamer project compared to other blockchains.
The upcoming Shibarium blockchain, a layer 2 network, will utilize BONE, TREAT, SHIB, and LEASH tokens for applications built on the blockchain. The layer 2 protocol refers to a set of off-chain systems that are built over layer 1 protocols, reducing bottlenecks with scaling and data.
Looking ahead, the future of Shiba Inu and SHIB in the crypto space appears bright. With the advent of Shibarium and the continued innovation in the Shiba Inu ecosystem, SHIB is well-positioned to drive the next wave of growth in the crypto market.
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