📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Shiba Inu (SHIB) New L2 Solution Leaves Community Excited as Epic Details Surface

Published 2023-08-07, 07:05 a/m
© Reuters.  Shiba Inu (SHIB) New L2 Solution Leaves Community Excited as Epic Details Surface
SHIB/USD
-

U.Today - is implementing Self-Sovereign Identity into Shibarium, a development that has the community excited.

In a, Shiba Inu lead Shytoshi Kusama highlights the endless possibilities the SHIB SSI solution presents when integrated into Shibarium and other Shib projects.

"When you combine the low-cost nature of Shibarium and the other amazing technologies the entire Shib community has developed for this new L2 solution with Shib SSI, the possibilities are near endless," Kusama said in the blog post.

Shiba Inu unveiled a new digital era, with digital identity services set to be integrated into all platform applications.

By definition, Self-Sovereign Identity, in its most basic form, is a set of protocols and technologies that enable a user in a system to keep their identity (and other validated credentials) as well as their assets in a wallet.

"Shib SSI will help our community of devs achieve wonders," Kusama touted the SSI solution, which is set to cause a paradigm shift.

The Shib Sovereign Identity would give Shibarium builders and community members the ability to fully own and leverage their data fairly. This is because SHIB SSI solves the Shib ecosystem's complexity by enabling granular governance at a level never before attained by a decentralized community.

Furthermore, the Shib SSI concept can be extended to a plethora of use cases that have been explored for decades.

Wen SSI?

According to Kusama, the implementation of Shib SSI into Shibarium is not an instantaneous feat as it will take months of research and the build-out of a powerful system.

The Shiba Inu lead assures that Shibarium will be available much sooner. Kusama hints at plans to integrate Shib SSI alongside a slew of other features and advancements to assure Shibarium's resilience and Shib's perpetual decentralization.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.