Shiba Inu Implements State-of-the-Art Encryption to Enhance Privacy & Security for Users and Developers

Denver, USA, February 28th, 2024, Chainwire

In a groundbreaking move, SHIB announces the adoption of Fully Homomorphic Encryption (FHE), setting a new standard in data privacy and security for users and developers in Web3.

SHIB, the entity behind the globally recognized cryptocurrency Shiba Inu, today unveiled its latest innovation: the integration of Fully Homomorphic Encryption (FHE) into its ecosystem. This advancement offers unparalleled privacy for $SHIB holders, positioning the SHIB community among the first in the Web3 space to enjoy complete on-chain data protection.

By taking advantage of SHIB’s new privacy layer, powered by $TREAT, participants can safeguard their personal and transactional data against the increasing threats of data breaches. This initiative not only enhances user privacy but also marks Shiba Inu as a pioneer in adopting cutting-edge security measures within the blockchain industry. This is made possible through SHIB’s collaboration with Zama, a recognized leader in web3 encryption, and will expedite the transition to an even more secure, user-friendly network, emphasizing SHIB’s commitment to community protection without compromising on user experience.

“We know that in order to deliver against our vision for a nation state, we need to empower our Shibizens to operate with the full confidence that their activity is both private and secure”, said the pseudonymous Shytoshi Kusama. “This partnership with Zama and the implementation of FHE is a seminal milestone in our journey to fulfill that promise”.

Rand, CEO and Co-Founder of Zama added: “Partnering with SHIB to bring FHE to millions of people in their community is incredibly exciting. Not only will this enable a wide range of new use cases on the Shiba Inu platform, it will also set a new benchmark for blockchain privacy and security.”

With its substantial market capitalization and a passionate community, Shiba Inu continues to demonstrate its prowess and innovation in the digital asset space. The adoption of FHE is poised to catalyze the growth of the ecosystem, introducing new privacy use cases and demonstrating the potential of a privacy-enabled blockchain.

About SHIB

SHIB, a world-leading ecosystem of decentralized finance (DeFi) cryptocurrencies has gained popularity among millions of holders worldwide. It has 3.6 million Twitter followers and is frequently ranked as the second-most searched crypto project by Google. Its ecosystem of tokens include $SHIB, $LEASH, and $BONE, plus native SHIBOSHIs NFTs. SHIB.io utilizes the Shib Ecosystem to power quality technologies including SHIB:The Metaverse and Shibarium, the Layer 2 blockchain providing a solid foundation, scalability, security, and innovation for a decentralized world. To learn more about SHIB, please visit the official website: https://shibatoken.com.

To learn more about or join Shib visit: https://www.shib.io. Get upates about $TREAT on the official @treatsforshib  X page!

About Zama

Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and AI.. Their technology enables a broad range of privacy-preserving use cases, from confidential smart contracts to encrypted machine learning and privacy-preserving cloud applications. 

To learn more, visit https://www.zama.ai/

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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