Shiba Inu (SHIB)

pmbug said:

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• Shibu Ina (SHIB) - Another meme token riding the coattails of Elon Musk's Dogecoin pumping. I really don't understand the USP for this one at all.

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Shiba Inu plans to introduce a new privacy-focused network on top of the Shibarium blockchain in a move that boosts the value proposition of SHIB tokens, a representative shared with CoinDesk in a release on Wednesday.

Shiba Inu is working with open-source cryptography company Zama on the as-yet-unnamed network. The network will use Fully Homomorphic Encryption (FHE) – a privacy tool that lets developers use data on untrusted domains without needing to decrypt it.

The Shiba Inu ecosystem token treat (TREAT) will power the "new privacy layer," which lets developers add a focused network on top of Shibarium, a layer-2 network that settles transactions on the Ethereum blockchain. The move will improve on-chain privacy for SHIB token holders, Shiba Inu developers said, and help safeguard their personal and transactional data.
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