- Shiba Inu plans to launch a brand new layer-3 blockchain with superior encryption know-how.
- The brand new layer may have the TREAT token because the upcoming token to carry out a major perform on this layer.
Shiba Inu (SHIB), the second-largest meme coin, is striving to advance its ecosystem with vital new developments. Lucie, Shiba Inu’s advertising lead, has unveiled plans for a new layer-3 blockchain and a number of other new tokens, indicating a shift in the direction of a extra substantive platform.
Lucie highlighted the growth and revealed two new tokens in her latest announcement.“From SHIB, LEASH, BONE, SHEB, Shiboshis, ShibtheMV, and coming quickly: TREAT and SHI, to revolutionary decentralized functions, our ecosystem provides countless prospects. Some of the fascinating issues coming is our very personal L3,” Lucie acknowledged.
This comes after Shiba Inu acquired $12 million in funding in April solely for the brand new layer-3 community. The rounds have gone as excessive as $200 million, as reported by a number of sources. The upcoming layer-3 blockchain, which will probably be part of the present Ethereum layer-2 blockchain Shibarium, will incorporate Absolutely Homomorphic Encryption (FHE) which permits for knowledge processing with out decryption. FHE is predicted to boost the safety and privateness of the Shiba Inu ecosystem, which can embody all tokens and tasks akin to SHIB, LEASH, BONE, TREAT, and SHI.
FHE will allow builders to carry out computations in environments that can’t be trusted and, on the similar time, have their knowledge safe. This resolution is designed to enhance the privateness of Shiba Inu transactions and to safeguard the knowledge of its customers.
TREAT Token Set to Play Key Position in Personal Community
The brand new layer may have the TREAT token because the upcoming token to carry out a major perform on this layer. TREAT, constructed particularly for the personal community, will enable builders to create and launch functions that may benefit from the improved security measures accessible on Shibarium. The discharge of TREAT and SHI tokens will even improve the utility of the Shiba Inu ecosystem since it’s going to convey new options and benefits.
Regardless of these developments, there are some neighborhood members who’re in opposition to Shiba Inu and have raised sure issues. There are issues in regards to the pace and the dimension of the event that’s going down.“That is our greatest drawback: leaping to one thing else earlier than ending one factor. What’s L3 earlier than ending L2? End the job at hand first,” a neighborhood member commented. Group sentiment stays combined, with some expressing frustration over the shortage of progress on burning tokens and enhancing auto-burn mechanisms.
Analyst Predicts Potential Value Surge for SHIB Token
Shiba Inu’s efficiency remains to be a priority as it’s nonetheless 80% down from its all-time excessive. 12 months-to-date, Shiba Inu is up by 65%. As of this writing, Shiba Inu is at the moment buying and selling at $0.00001718 with a 24-hour improve of 2%.
Crypto analyst JAVON MARKS posted on X that SHIB has “confirmed a macro Hidden Bullish Divergence with its RSI,” and it could possibly attain $0. 0000456 with a 164% upswing from the present value. JAVON MARKS confirmed that the worth of SHIB is probably not restricted to $0. 0000456, however it may rally even greater by one other 75% to the degrees of December 2021.
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