The Shiba Inu (SHIB) community is currently buzzing with expectations, but according to SHIB developer Kaal Dhairya, an important announcement called the “worldpaper” has been overshadowed by concerns related to Shibarium. The “worldpaper” serves as a foundation for the Shiba Inu decentralized digital nation, incorporating key ideas of SHIB decentralization.
In all the FUD the most important announcement was completely ignored, something so important which will lay the foundation for our decentralized digital nationhttps://t.co/CfRRmeVerh
Shy has put his heart and soul into it, everyone is welcome to help build this new world with…
— Kaal (@kaaldhairya) August 19, 2023
Shibarium, a Layer 2 solution, experienced a significant influx after its launch on August 16, leading to its temporary pause. However, in a recent blog post, Shiba Inu lead Shytoshi Kusama mentioned that scaling efforts for Shibarium have made tremendous progress, including a successful restart of the Shibarium blockchain. The Alchemy team is also working to scale Shibarium by 1,500%.
In an abridged version of the “SHIB paper,” Kusama presents essential Shiba Inu principles. The document defines the “Shiba Inu state” as a digital utopia for collective prosperity, intertwining digital tenets with tangible community values. The “SHIB paper” is seen as the ultimate meme that utilizes the power of Shiba Inu technology, particularly Shibarium, to establish a decentralized digital global state.
The document also covers topics such as the Great Canine Code, national ethics referring to the 22 SHIB principles, and the top 15 crypto problems solved by the Shiba state, including scalability, high transaction fees, governance, and community inclusion.
Additionally, it outlines the top 10 global problems solved by the Shiba state, including the centralization of power and wealth, as well as data privacy concerns.
To address data privacy concerns, the Shiba state introduced a self-sovereign identity (SSI) system, allowing users to maintain control over their data while interacting in the digital realm, ensuring privacy and security.
The Shiba Inu Economy
The Shiba Inu economy is based on the principles of decentralization, transparency, and fairness. The goal is to create a system that is accessible to everyone and that rewards participation.
The Shiba Inu economy is powered by the SHIB token. SHIB is a decentralized cryptocurrency that can be used to pay for goods and services, or to stake and earn rewards.
The Shiba Inu economy also includes a number of other tokens, such as LEASH and BONE. LEASH is a deflationary token that is designed to appreciate in value over time. BONE is a governance token that will be used to vote on proposals for the future of the Shiba Inu ecosystem.
The Shiba Inu economy is still in its early stages of development, but it has the potential to be a major force in the future of cryptocurrency. The project is backed by a strong community of developers and supporters, and it is committed to creating a fair and equitable system for everyone.
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