- The Shiba Inu ecosystem is on the verge of a significant upgrade with the development of its own Layer 3 network.
- In a recent update, a SHIB team member, Lucie, outlined various tokens and decentralized applications (dApps) within the Shiba Inu ecosystem, spotlighting the highly awaited Layer 3 network.
- Lucie also highlighted other noteworthy assets and dApps like SHIB, LEASH, BONE, Shiboshis, and ShibtheMV, while awaiting the launch of TREAT and SHI tokens.
Learn about the latest advancements in the Shiba Inu ecosystem, including the development of its innovative Layer 3 network, set to enhance security and privacy for its users.
Shiba Inu Ecosystem’s Layer 3 Network Development
The Shiba Inu team is in the process of developing a revolutionary Layer 3 network, aimed at significantly enhancing the ecosystem. This initiative was spotlighted by Lucie, a member of the SHIB team, who elaborated on the various unique assets and decentralized applications (dApps) forming the backbone of this system.
Deep Dive into Shiba Inu’s Layer 3 Technology
The upcoming Layer 3 network promises to introduce advanced technology and heightened privacy features within the Shiba Inu ecosystem. Notably, the team is collaborating with the open-source cryptography company Zama to integrate Fully Homomorphic Encryption (FHE). This technology will allow data usage on untrusted domains without decryption, ensuring robust security while maintaining user privacy.
Implications of Layer 3 on the Shiba Inu Ecosystem
The integration of FHE technology within the Layer 3 network is poised to benefit all tokens and projects under the Shiba Inu umbrella. This includes assets like BONE, Treat, the Metaverse, and Shibdentity. The primary goal is to bolster on-chain privacy and protect user data, adding substantial value to SHIB token holders.
Role of the Upcoming TREAT Token
The yet-to-be-launched TREAT token will serve as a pivotal element within the Shiba Inu ecosystem’s new privacy layer. This token will empower developers to create targeted networks on the Shibarium Layer-2 blockchain, which settles transactions on the Ethereum blockchain. By doing so, it aims to enhance the overall privacy and security for the ecosystem’s users.
Conclusion
In summary, the Shiba Inu ecosystem is gearing up for substantial advancements with the introduction of its Layer 3 network. Utilizing cutting-edge Fully Homomorphic Encryption technology, this network will offer enhanced privacy and security features, benefiting all stakeholders from developers to token holders. The forthcoming launch of the TREAT token further underscores the ecosystem’s commitment to creating a more secure and private digital environment.
