Soon a bull run on the Shiba Inu (SHIB) market?

What’s new with Shiba Inu? For the moment, the ShibArmy eagerly awaits the advent of Shibarium, the layer 2 Ethereum, favorable to the use of SHIB. And how about eliminating a few zeros in the current course of the DogeKiller? According to the latest news, the team behind this memecoin claims to have taken measures to bring the Shiba Inu ecosystem to the forefront of the DeFi scene. Decryption!

Shiba Inu advocates legitimacy

Currently traded at $0.000008 eachthe SHIB is far from reaching the 1 penny long awaited by the community. Despite these gloomy times that the memecoin is going through, investors are not flinching. Her gaining popularity with Americans is the proof.

According to CoinDesk, the developers of Shiba Inu do not think of giving ground to the other memecoins recently arrived in the crypto-sphere. Indeed, they will ensure that this very popular project has a certain level of legitimacy with serious investors and governments.

Thus was born the idea oflink digital identity verification on blockchain to all applications of the Shiba Inu platform. Soon, users will be able to use the Self-Sovereign Identity (SSI) in the Shibarium as a passport or digital identity document.

The Shiba Inu ecosystem will link all applications to a blockchain-based digital identity in order to build trust between shib (SHIB) users and governments “, specifies the spokesperson of Shiba Inu on the columns of CoinDesk.

In this way, the SHIB will lose its memecion status, and at the same time, become a major player in decentralized finance (DeFi).

“Digital trust” as a rudder

Deploying the SSI has become a priority for Shiba Inu developers who have learned from experiences in community projects. These may belong to holders and users of SHIB or to people wishing to deploy on the Shibarium.

We are laying the foundations ofa new global standard in terms of decentralized digital trust and international identity verification. In this way, Shibarium is the herald of a new digital era where the trust in systems is restored and improved “, argues Shytoshi Kusama, the main developer of Shiba Inu.

Moreover, in Canada as in the European Union, the issues of digital identity and data protection have been on the rise lately.

Is this the reason that Sam Altman, the author of Worldcoin, has accelerated in his project of identity verification via the human eye?

As for shibarium, no official date has been announced yet. Rumors are swirling about a launch this July. This caused significant increases in the prices of SHIB, TREAT, BONE and LEASH. All represent critically important tokens in the Shiba Inu ecosystem.

And speaking of trust, S. Kusama needs to keep a close eye on the security side of his platform. Michael Egorov has paid a heavy price lately. His fault: he downplayed the security of his DeFi protocol, Curve Finance.

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