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Shiba Inu (SHIB) To Integrate Self-Sovereign Identity, Enhancing Network Security

Shiba Inu's integration of SSI aims to redefine trust and identity for the digital age, strengthening user control.

Meme coin Shiba Inu (CRYPTO: SHIB) is planning to integrate Self-Sovereign Identity (SSI) into its protocols, a move expected to enhance the security of the network and provide users with more control over their digital identities.

Shytoshi Kusama, the project’s lead developer, stated that the integration of SSI is part of a broader mission to reimagine and redefine finance, trust, and identity for the digital age.

Shiba Inu’s SSI integration is expected to be a key component of all its future initiatives, including the upcoming Shibarium Layer 2 blockchain.

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Shiba Inu cryptocurrency logo displayed on a phone screen and representation of cryptocurrency are seen in this illustration photo taken in Kraków, Poland in 2021. Shiba Inu’s SSI integration is expected to be a key component of all its future initiatives, including the upcoming Shibarium Layer 2 blockchain.JAKUB PORZYCKI/NURPHOTO VIA GETTY IMAGES.

“Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”. It is named after the Shiba Inu, a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin’s symbol, itself originally a satirical cryptocurrency based on the Doge meme,” said Wikipedia.

Shibarium is expected to provide scalability, security, and more real-world use cases to the Ethereum ecosystem.

The integration of SSI into Shiba Inu’s protocols is expected to give users more control over their personal data and its distribution online.

This is a significant shift from the current centralized structures of identity management that are prevalent today.

GettyImages-1236302825 (1).jpg
Shiba Inu cryptocurrency logo displayed on a phone screen and representation of cryptocurrency are seen in this illustration photo taken in Kraków, Poland in 2021. Shiba Inu’s SSI integration is expected to be a key component of all its future initiatives, including the upcoming Shibarium Layer 2 blockchain.JAKUB PORZYCKI/NURPHOTO VIA GETTY IMAGES.

“Embarking on a mission to reimagine and redefine finance, trust, and identity for the digital age, we are releasing much more than just an outstanding L2 blockchain with interoperability across diverse chains and businesses,” said Kusama. “We are laying the groundwork for a new global standard in decentralized digital trust and international identity verification.”

© 2023 Zenger News.com. Zenger News does not provide investment advice. All rights reserved.

Produced in association with Benzinga

Edited by Judy J. Rotich and Newsdesk Manager

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