Last Updated on October 29, 2023 by Bitfinsider
The Shiba Inu project’s creators have started a “surprise” step toward a distinct SHIB self-custodial identity. This means that there is still room for a possible SHIB price increase before the countdown.
The announcement follows the release of Shibarium, the layer-2 scaling solution for the cryptocurrency Shiba Inu (SHIB). The project’s principal creators intend to integrate Self Sovereign Identity (SSI), a blockchain-based digital identity system, into every Shiba Inu project, according to a previous CoinGape story.
The developers of the self-custodial identification effort indicated that a countdown of 72 hours is already in progress, despite not disclosing all of the initiative’s contents. Therefore, on Wednesday, November 1, 2024, instructions on how to proceed with the initial stage of unlocking the unique SHIB identity would be made available. Developer Kaal Dhairya of Shiba Inu (SHIB) predicted the arrival of the first step toward self-custodial identification on the ecosystem. The project’s creators called it a game-changer that brings about “a seismic shift in the blockchain world.” The 72-hour countdown was launched, and the price of SHIB followed a steep rising slope.
Lead Shiba Inu developer Shytoshi Kusama announced intentions to incorporate SSI Self Sovereign Identity into all Shiba Inu projects on August 3, 2023. It’s possible that the impending announcement will draw upon the SSI integration.
On ProEX, you can trade SHIB as a spot pair (SHIB/USDT) in 3 simple steps:
- Sign up and register an account on ProEX
- Buy USDT via ProEX One-click Buy
- Trade SHIB/USDT at ProEX Spot
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.