Shiba Inu, In a strategic move aimed at increasing privacy for SHIB token holders, Shibarium announced the launch of a new privacy-focused network on top of the blockchain.
Shiba Inu Unveils Privacy-Focused Network to Protect SHIB Token Holders
This development marks an important milestone for the Shiba Inu ecosystem and introduces its native token. TREAT, will power this innovative privacy layer.
Collaborating with renowned open source cryptography firm Zama, Shiba Inu is pioneering a groundbreaking approach to privacy protection.
The new mechanism, known as Fully Homomorphic Encryption (FHE), represents a cutting-edge tool that allows developers to exploit data in untrusted domains without the need for decryption.
This initiative aims to raise on-chain privacy standards for SHIB token holders and ensure the confidentiality of their personal and transactional information.
Shytoshi Kusama, the pseudonymous founder of Shiba Inu, emphasized the importance of this move and underlined its role in protecting user data in the ecosystem.
The integration of the privacy layer will enable developers to build a private network on top of Shibarium, a layer 2 solution designed to efficiently process transactions on the Ethereum blockchain.
Kusama clarified the distinction between the two organizations, emphasizing the importance of their separate functions and the logic behind their integration.
Launched in August, Shibarium has emerged as a dynamic ecosystem serving a variety of applications, from financial services to games.
*This is not investment advice.
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