đ Shiba Inu Unveils a Revolutionary $SHIB Name Service on Shibarium Layer-2 Network! đ
Hey there! I'm Linkan, and I've got some thrilling news to share with you. Shiba Inu, the beloved meme coin, has just taken a giant leap forward by introducing their Shib Name Service (SNS) on the Shibarium Layer-2 Network. This innovative move could be a game-changer for them, solidifying their presence in the crypto universe. đ
According to Decrypt, the SNS enables users to swap out those complex blockchain addresses for simple, memorable domain names, similar to the Ethereum Name Service which provides human-readable names as crypto addresses for the Ethereum community.
Users can secure their Shib domain through NameShib.io for a fee in Bone, ShibaSwap's Bone tokens. These tokens are not just any tokens; they give holders the power to vote on changes to the Shibarium Layer-2 Network and are used to pay transaction fees. đ€
Shiba Inu's lead developer, Shytoshi Kusama, didn't stop there. He also introduced an encrypted peer-to-peer messaging system to enhance user interactions on the Shibarium platform.
The SNS and the messaging system are part of a broader decentralized identity scheme called Shibdentity, which aims to develop a comprehensive identity protocol to protect users' identities from theft.
The developers claim that their approach to decentralized identity adheres to World Wide Web Consortium standards and is a small step towards their grander vision of a super app called "The Hub." đ±
However, it's worth noting that the market's reaction to this news has been somewhat muted, with Shib's value increasing by only 0.5% since the announcement, now trading at $0.000000802. đ
Just a friendly reminder that this content is not financial advice. Always do your own research before making any investment decisions. đ
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#ShibaInuRevolution #ShibNameService #ShibariumLayer2 #CryptoInnovation #SHIBARMY
