The Shiba Inu (SHIB) ecosystem will make blockchain-based digital identity part of the project’s future developments.
Shib, the ecosystem’s official Twitter account, says that lead developer Shytoshi Kusama is planning to integrate Self-Sovereign Identity (SSI) in all Shiba Inu projects.
SSI is a blockchain-based digital identity solution akin to passports for proving identity in the digital world. SSI gives users total control over how their digital identity is stored and used.
According to Shiba Inu influencer Lucie, Shibarium SSI offers five huge benefits for all holders of the ecosystem’s tokens.
“Shibarium SSI: Control your data, stay private!
Self Custody
Portability
ZK (zero-knowledge) Compliant
Secure
Gateway
Your key to secure identity!”
The announcement comes amid excitement over the project’s highly anticipated layer-2 scaling solution, Shibarium. Shib says the community is already seeing massive growth ahead of the launch.
“Our community is growing at warp speed. We’ve just reached an all-time high in the number of addresses holding SHIB, witnessing a remarkable 22% increase in the past week. Welcome to all the new SHIBARMY recruits.”
SHIB is currently trading for $0.00000837. The Dogecoin (DOGE) competitor is up by 7.2% over the past week but remains over 90% down from its all-time high of $0.00008616.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Shiba Inu (SHIB) Plans To Integrate Digital Identities Into Its Ecosystem’s Projects, Says Developer appeared first on The Daily Hodl.
