Shiba Inu (SHIB) developers have set the stage for an exciting surprise within the ecosystem as they kick start a countdown towards a unique self-custodial identity for SHIB.
The Path to a Unique SHIB Self-Custodial Identity
The announcement comes following the launch of Shibarium, a Shiba Inu layer-2 scaling solution. Earlier this year, top developers of the project made it known that they were planning to incorporate a blockchain-based digital identity system called Self Sovereign Identity (SSI) into all Shiba Inu projects.
While full details about the self-custodial identity initiative have not been disclosed yet, Shiba Inu developers have revealed that a 72-hour countdown is already underway. Detailed instructions on how users can take the first step to unlock their unique SHIB identity will be released on Wednesday, November 1, 2023.
Read Also: Shiba Inu Lead Developer Unveils Use Cases in New Shibarium Self-Sovereign Identity Project
Kaal Dhairya, a Shiba Inu developer, emphasized the significance of this first step towards self-custodial identity in the ecosystem, referring to it as a “game changer” that will cause “a seismic shift in the blockchain world.”
First step towards your self custodial identity is coming https://t.co/TpU3rEwJY0
— Kaal (@kaaldhairya) October 28, 2023
SHIB Price Surge Amidst Countdown Launch
Following the launch of the 72-hour countdown, the SHIB price experienced a notable upward trend, indicating the market’s excitement and anticipation for the upcoming self-custodial identity feature.
The Concept of Self Sovereign Identity
Self-Sovereign Identity (SSI) is a decentralized identity model that provides individuals with full control over their digital identity data. Rather than relying on third-party identity providers like Google or Facebook, users can manage their own identity verification securely.
Read Also: Top SHIB Influencer Says Shiba Inu Ecosystem Gearing Up To Initiate Next Bull Run
Potential Impact on SHIB Price
The introduction of the SHIB self-custodial identity could have several positive implications for the SHIB price. Firstly, it could enhance the attractiveness of the Shiba Inu ecosystem, offering users greater control over their personal data.
Secondly, the unique SHIB identity feature could open up new possibilities, such as using SHIB for identity verification in online services. Lastly, this initiative might drive increased demand for SHIB from investors who believe in the long-term potential of the project.
The launch of SHIB’s self-custodial identity marks a significant milestone for the Shiba Inu ecosystem. While the full impact of this initiative is yet to be seen, it has the potential to revolutionize the project and create exciting opportunities for SHIB holders.
As the countdown continues, the Shiba Inu community eagerly awaits the release of detailed instructions, preparing themselves for a new era Shiba Inu ecosystem.
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