Shiba Inu (SHIB)

[pmbug]

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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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I saw yesterday where SHIB was pumping (up over 20% in last 24 hours) and wondered why. I suppose this is the reason:

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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Shiba Inu Adopts Tech to Bring More Privacy to SHIB Token Holders

Shiba Inu ecosystem token TREAT will power a "new privacy layer" for the Shibarium blockchain.

www.coindesk.com