Skip to main content

Market Overview

Shiba Inu Unveils Security Enhancement With Decentralized Identity Verification

Share:
Shiba Inu Unveils Security Enhancement With Decentralized Identity Verification

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.

Also Read: Google Cloud's Entry Into Celo Network Signals Mainstream Adoption Of Blockchain Technology

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.

"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," Kusama stated. "We are laying the groundwork for a new global standard in decentralized digital trust and international identity verification."

Read Next: Bitget Plans 'Crypto Experience Day' To Show Millennials, Gen Z What The Future Holds

Join Benzinga's Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now!

 

Related Articles ($SHIB)

View Comments and Join the Discussion!

Posted-In: Blockchain Technology decentralized identity dogecoin Layer 2 blockchainCryptocurrency News Top Stories Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com