SHIB Developers Introduce Name Service in Decentralized Identity Push

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Last Updated on November 3, 2023 by Bitfinsider

Shiba Inu has officially launched its SHIB Name Service (SNS) on the Shibarium Layer-2 network, as part of the project’s effort to abandon its meme coin status.

According to Tuesday’s announcement, the SNS lets users to substitute traditionally complex blockchain addresses with simple, easily remembered domain names.

Interested parties can secure their “.SHIB” domain using for a charge in Bone ShibaSwap (BONE) tokens instead of ENS’ “.eth” ending. BONE tokens allow holders to vote on modifications to the Shibarium layer-2 network and are also used to pay transaction fees.

Shytoshi Kusama, Shiba Inu’s chief developer, also launched a new encrypted peer-to-peer messaging mechanism to boost user interactions on the Shibarium platform.

The messaging system and SNS are two components of a larger decentralized identity concept first revealed by the project’s developers in August.

How to buy or trade SHIB on ProEX

You can buy or trade SHIB on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.

On ProEX, you can trade SHIB as a spot pair (SHIB/USDT) in 3 simple steps:

  1. Sign up and register an account on ProEX 
  2. Buy USDT via ProEX One-click Buy 
  3. Trade SHIB/USDT at ProEX Spot

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