- The first stage in revealing the secret SHIB identity will be revealed on November 1, 2023.
- At the time of writing, SHIB is trading at $0.000008072, up 3.35% in the last 24 hours.
A surprise move towards a distinct SHIB self-custodial identity has been begun by the Shiba Inu project’s developers. This news follows the successful release of Shibarium, a layer-2 scaling solution. The leading creators of the Shiba Inu project want to include Self Sovereign identity (SSI), a blockchain-based digital identification system, in any future endeavors related to the project.
The developers of the self-custodial identification program are keeping its specifics under wraps, but they have announced that the last 72 hours are counting down. The first stage in revealing the secret SHIB identity will be revealed on Wednesday, November 1, 2023, with the accompanying instructions.
Shib Army, brace for a seismic shift in the blockchain world! 🚀
🚨 Attention, Shib Army! We all love a good surprise, and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away!⏳
🎁 Plus, here’s your ticket to the $5,000 SHIB… pic.twitter.com/P9XzJOBGcy
— Shib (@Shibtoken) October 28, 2023
Seismic Shift in Blockchain World
Moreover, according to Kaal Dhairya, one of the developers of the Shiba Inu, the first step towards self-custodial identification on the ecosystem is imminent. Also, according to the team, this project will trigger “a seismic shift in the blockchain world.”
On August 3, 2023, head developer Shytoshi Kusama announced that all Shiba Inu projects will begin using SSI Self Sovereign Identity. The SSI incorporation may serve as the basis for the forthcoming announcement.
Moreover, IntoTheBlock saw a weekly spike in Shiba Inu outflow of 841%. IntoTheBlock’s Large Holders Outflow tool tracks the addresses of whales and other major holders to spot instances of frantic dumping. A fast surge in outflows might be the result of substantial withdrawals from exchanges or selling from “whale” addresses.
At the time of writing, SHIB is trading at $0.000008072, up 3.35% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 8.92%.
Highlighted Crypto News Today:
Ripple CEO Criticizes Former U.S SEC Chairman Jay Clayton
Source: https://thenewscrypto.com/shiba-inu-developers-tease-self-custodial-identity/