The Shiba Inu’s 72-hour countdown to obtaining its distinct self-custodial identity for SHIB has reportedly gone live. An impending milestone for the Shiba Inu ecosystem is being marked by this action made by the development team of the Shiba Inu (SHIB).
Stay in the know on crypto by frequently visiting Crypto News Today
Special Self-Custodial Identity of Shiba Inus for SHIB
After a seventy-two-hour countdown, Shiba Inu revealed on Saturday, October 28, that the highly awaited unique self-custodial identity for SHIB is now under progress. The news comes after the SHIB cryptocurrency’s layer 2 scaling solution, Shibarium, was introduced.
The project for self-custodial identity is expected to be a “game changer” and cause “a seismic shift in the blockchain world,” according to the statement.
Furthermore, Shiba Inu developer Kaal Dhairya announced that the self-custodial identity in the Shiba Inu ecosystem is coming soon on his X (formerly Twitter) handle. The post said, “Your self-custodial identity is about to take a first step.”
The statement sparked enthusiasm among the sizable and committed “Shib Army” and immediately led to a bullish trend for the SHIB token, with its price on the rise.
The post read:
Attention, Shib Army! We all love a good surprise, and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away!.
The Shiba Inu self-custodial identification project’s implementation may affect SHIB’s price in a number of ways. First of all, by giving users a great deal of control over their personal data, it might attract more people to the SHIB ecosystem.
CryptoCaster Quick Check:
Furthermore, the endeavor may result in an increase in the desire for SHIB tokens among investors who have faith in the project’s future prospects and open up further doors for Shiba Inu, including using SHIB for online identity verification.
The Shib Army is clearly excited about the upcoming self-custodial identification movement, even though the project’s exact parameters are still unknown. On the other hand, thorough instructions on the fundamental actions users must perform in order to obtain their unique SHIB identity will be made accessible on Wednesday, November 1, 2023.
Self Sovereign Identity (SSI) System Adopted by SHIB Inu
The project’s principal creators announced earlier this year that Self Sovereign Identity (SSI), a blockchain-based identity system, will be integrated into all Shibu Inu initiatives.
Advertisement
Follow GappyCoin PreSale on Twitter, and ReCap for information and more.
A user-possessed and controlled digital identity is represented by the SSI. Unlike conventional centralized identification systems, where personal data is stored with organizations or platforms, it guarantees users’ total control over their identity, its validation, and its uses.
Although not a novel concept, the blockchain-based identity system is gradually gaining traction in the industry. The SSI’s incorporation into every Shiba Inu project is a progressive approach because it shows how important user data security and privacy are while also presenting a scenario in which people have complete control over their digital identities.
We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism.
From Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.
And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.
When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble.
Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.
We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
