Kusama

Shiba Inu

Rise

<div class="watcher-guru"> 
 <p>The Shiba Inu team has been striving to uphold the spirit of decentralization. Recently, it was unveiled that the Shiba Inu ecosystem will tie all the applications to a blockchain-based digital identity going forward. The Self-Sovereign Identity, or SSI, will help bolster trust among SHIB users and governments. Alongside, it will give users more control over their personal data and its distribution online.</p> 
 <p>In a recently released blog post, Shytoshi Kusama addressed the what, why, and when of the SSI implementation. Kusama asserted that large companies make “billions” by monetizing user data. This is technically done with permi<a rel="noopener noreferrer nofollow" title="ssi" href="https://thebittimes.com/tag/ssi.html">ssi</a>on, but not always with full user understanding.&nbsp;The SSI intended to change this paradigm and opened the doors for “advanced trust and decentralization.” </p> 
 <p>The post brought to light that Shib SSI will solve the complexity of the Shiba Inu ecosystem by fostering granular governance. This will be done at a level ”not realized” by decentralized communities to date, Kusama said. He added,</p> 
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 <p>”<strong>By harne<a rel="noopener noreferrer nofollow" title="ssi" href="https://thebittimes.com/tag/ssi.html">ssi</a>ng these technologies, we envision a world where identity theft is a thing of the past, where personal data leaks are unheard of, where trust is inherent and not an exception. This isn’t a mere idea but a tangible future that is no longer impo<a rel="noopener noreferrer nofollow" title="ssi" href="https://thebittimes.com/tag/ssi.html">ssi</a>ble.</strong>”</p> 
 <p><strong>Also Read:&nbsp;Shiba Inu Forecasted To Rise 300% &amp; Reach $0.00003: Here’s When</strong></p> 
 <h3 class="wp-block-heading" id="h-ssi-to-be-implemented-soon-kusama">SSI to be implemented ‘soon’<strong>:</strong> Kusama</h3> 
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 <p>The lead Shiba Inu developer revealed that the implementation of Shib SSI into <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> will happen soon. However, he warned that this was not an instantaneous feat. It will take ”months of research,” and will be set in motion only after <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s release. He added, </p> 
 <p>”<strong>We are planning Shib SSI alongside a host of other <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> and enhancements to ensure <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is resilient, powerful and that Shib remains decentralized perpetually!</strong>”</p> 
 <p>Further details regarding the SSI will be discussed in the ”Worldpaper” that will be revealed at the Blockchain Futurist Conference in mid-August. There has been a misconception among people from the community that new <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> ecosystem token debuts will be happening soon. Kusama made it clear that no such development was in the works and branded the claim to be ”untrue.” As reported recently, BONE will serve as ‘The Passport’ to <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>. This token will have three roles to play. One, it will be the token that delegators ”bury” to get a portion of the rewards. Two, it will serve as the ”gas” token for <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>. Three, it will foster technology ”governance” within the new system.</p> 
 <p><strong>Also Read: Shiba Inu: 2 Ways SHIB Could Reach $0.01</strong></p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Untrue. Do better. https://t.co/dIxnVyPTqq</p>— Shytoshi Kusama™ (@ShytoshiKusama) August 5, 2023 
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 <p><strong>Also Read:&nbsp;Shiba Inu Has Risen ~10,000,000% Since its All-time Low Value</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>defi</li> 
  <li>shib</li> 
  <li>shiba inu</li> 
  <li>Shibarium</li> 
  <li>shytoshi kusama</li> 
  <li>ssi</li> 
 </ul> 
</div>

Shiba Inu: Shytoshi Kusama Unveils Shib SSI Launch Details, Here's When

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TheBitTimes

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