Ethereum

Identity

Shiba Inu

Coin

<ul class="news-points"> 
 <li>Shiba Inu has taken the initiative to step into the DeFi ecosystem, securing confidence among the customers.</li> 
 <li>The platform will be implementing digital identity verification in all its applications.</li> 
 <li>The Self-Sovereign Identity (SSI) deployment would be the key goal of the ecosystem.</li> 
</ul> 
<a href="https://coinedition.com/tag/shiba-Inu-SHIB/" rel="noopener noreferrer nofollow">Shiba Inu</a>, a popular memecoin built on the Ethereum blockchain, has taken the initiative to affirm its position in the decentralized finance (DeFi) ecosystem. A blockchain spokesperson revealed that a key step toward the acquisition of this transformation is the digital identity verification of the ecosystem’s applications. 
As per the recent report, Shiba Inu’s venture toward the space of DeFi is part of its effort to reform its identity from being a memecoin to being a DeFi entity, securing acceptance and confidence among customers. The platform also intends to become a competitor in the vast DeFi ecosystem. 
The report highlighted that the platform would implement the Digital Identity Verification in all its future projects including its much-anticipated update, the Shibarium Layer 2<a href="https://coinedition.com/shibarium-bridge-goes-live-for-public-testing-ahead-of-august-launch/" rel="noopener noreferrer nofollow"> </a><a href="https://coinedition.com/shibarium-bridge-goes-live-for-public-testing-ahead-of-august-launch/" rel="noopener noreferrer nofollow">blockchain</a>. Shytoshi Kusama, the lead developer of Shiba Inu commented, 
<blockquote class="wp-block-quote"> 
 We are laying t… 
</blockquote> 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shiba-inu-embraces-defi-implements-digital-identity-verification/">Shiba Inu Embraces DeFi: Implements Digital Identity Verification</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Embraces DeFi: Implements Digital Identity Verification

Coin Edition

Other articles published on Aug 4, 2023

Binance Introduces Shiba Inu as Accepted Collateral Asset

Crypto Vs SEC: Alleged Double Standards at SEC – Ethereum Favoured, Ripple Snubbed?

LOCGame Monthly Update — July 2023

Analyst Michaël Van De Poppe Announces Buying Zones for These Two Altcoins!

CertiK Raises Concerns Over WorldCoin’s Platform Security and User Data!

Robinhood Turns Profitable in Q2 2023 Despite Revenue Dip

Join our free newsletter for daily crypto updates!