Shiba Inu, one of the biggest meme coins, will establish a new network based on the Shibarium blockchain.
According to the statement made by Shiba Inu, using Shibarium A new privacy-focused network will be developed.
Shiba Inu in development an open source cryptography He works with his company Zama. The name of the network to be established has not been announced yet.
In this process Fully Homomorphic Encryption (FHE) A mechanism called . Thanks to this tool, developers can use data in untrusted domains without having to decrypt them.
According to the Shiba Inu team, this is SHIB owners personal and transaction data protecting to operate more confidentially will provide.
In Shibarium, which started to be used last August BONE, TREAT, SHIB And LEASH Four tokens are used:
TREAT token will be used as the basis for the new network to be created.
According to CoinMarketCap data, TREAT gained more than 80% in value on a daily basis, while SHIB increased by approximately 20% in the same period.