EddieJayonCrypto

 29 Feb 24

tl;dr

Shiba Inu is collaborating with Zama to create a new privacy-focused network on top of the Shibarium blockchain. This initiative aims to enhance the value of SHIB tokens and improve on-chain privacy for token holders by using Fully Homomorphic Encryption (FHE). The network, powered by the Shiba Inu ...

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Shiba Inu is collaborating with Zama to create a new privacy-focused network on top of the Shibarium blockchain. This initiative aims to enhance the value of SHIB tokens and improve on-chain privacy for token holders by using Fully Homomorphic Encryption (FHE). The network, powered by the Shiba Inu ecosystem token TREAT, will provide a focused layer on top of Shibarium, a layer-2 network that settles transactions on the Ethereum blockchain. This move signifies a significant step towards safeguarding personal and transactional data for SHIB token holders.


Shiba Inu is working with open-source cryptography company Zama on the as-yet-unnamed network that will utilize FHE to enhance the privacy of SHIB token holders. The development of this privacy layer on top of the Shibarium blockchain is a strategic move to not only bolster the value proposition of SHIB tokens but also to protect the personal and transactional data of token holders. The collaboration between Shiba Inu and Zama marks a significant advancement towards creating a more secure and private environment for cryptocurrency transactions on the blockchain.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Sep 24
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