• Shiba Inu lead developer, Shytoshi Kusama, has explained the importance of Self-Sovereign Identity (SSI) integration in Shibarium.
• SSI would give users complete control over their personal data while also providing granular governance to address issues in the Shiba Inu ecosystem.
• The mainnet launch of Shibarium will be done before the implementation of the Shib SSI and further details will be captured in a whitepaper set to be unveiled at the Blockchain Futurist Conference.
Shiba Inu Explores Significance of SSI
Shiba Inu lead developer Shytoshi Kusama has recently explored the significance of Self-Sovereign Identity (SSI) integration for its layer 2 solution, Shibarium. The team has been actively updating its community on every step towards transitioning from meme to an established cryptocurrency ecosystem.
SSI for User Data Protection
The introduction of SSI could cause a shift in data ownership by giving users absolute control over their personal data and preventing any form of data theft or leakage. This implementation could enable trust among users and make identity theft a thing of the past. Additionally, it would provide granular governance to address all difficulties faced by members of the Shiba Inu ecosystem.
Mainnet Launch Before Implementation
Kusama cleared up any misconceptions surrounding immediate improvement due to the SSI by explaining that this process requires months to be completed and is part of a long-term plan for network decentralization. He further confirmed that prior to implementing this feature, the mainnet launch must occur first; details regarding which will be included in a forthcoming whitepaper set to be released during August’s Blockchain Futurist Conference.
Ecosystem Token Introduction
In addition, there have been several discussions concerning a possible token within Shibarium’s ecosystem which is slated for imminent introduction as well. However, no further information has been released about this yet.
Conclusion
The core team behind Shiba Inu continues unveiling plans as they strive towards a revolutionary crypto future with absolute trust between parties being integral; Self-Sovereign Identity (SSI) serves as one such endeavor which could revolutionize user experience with regards to data protection security upon successful implementation following mainnet launch
