Shiba

Shiba Inu

<p>The Shib Association, a group formed by the Shibburn team to boost SHIB adoption, recently <a href="https://twitter.com/ShibAssociation/status/1710887453827973482" target="_blank" rel="noopener noreferrer nofollow">offered </a>details on a new blockchain it is building centered around the Shiba Inu token.</p>
<p>Contrary to speculation, the association stated the blockchain will not simply fork an existing chain but rather operate as an independent layer-1 network.</p>
<p>The SHIB-based blockchain will have its own consensus mechanism and security model. It aims to provide a “rock-solid” use case to gain traction against rival chains.</p>
<p>Unlike the layer-2 Shibarium built on Ethereum, the new blockchain will use a pegged version of SHIB as gas fees. The goal is to enable low transaction fees while still burning over 1 cent of SHIB per transaction.</p>
<p>By adopting a Proof-of-Participation consensus, the network also plans to offer fairer token distribution compared to models like Proof-of-Work and Proof-of-Stake.</p>
<p>The Shib Association noted that the development of the tailored blockchain remains in its early stages. More details around integration with the wider SHIB ecosystem will be revealed soon.</p>
<p>The planned network marks an ambitious effort to expand utility for the SHIB token via a purpose-built blockchain. If successful, having its own dedicated chain could unlock new use cases and demand drivers for the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> cryptocurrency.</p>
<p>But the project faces challenges standing out in a crowded field of new blockchain platforms. Gaining developer traction will be key for the SHIB-powered network to become a compelling alternative.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/shiba-inu-association-details-plans-for-purpose-built-shib-blockchain/">Shiba Inu Association Details Plans for Purpose-Built SHIB Blockchain</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Shiba Inu Association Details Plans for Purpose-Built SHIB Blockchain

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