Shiba Inu Goes Quantum-Proof: New Identity System Uses Advanced Encryption to Protect Ecosystem
Main Idea
Shiba Inu is proactively addressing the threat of quantum computing by developing Shib Identity, a privacy-first system using Fully Homomorphic Encryption (FHE) and partnering with Zama for post-quantum security solutions.
Key Points
1. Shiba Inu announced Shib Identity, a system designed to protect users against quantum computing threats, utilizing Fully Homomorphic Encryption (FHE).
2. The team is seeking ICANN approval to enable Shib Identity names to function like standard web domains, linking crypto-native identity to the broader internet.
3. TREAT token governs access to the Shib Identity system, adding real-world utility to the token.
4. Shiba Inu partnered with Zama, a cryptography firm specializing in post-quantum solutions, to enhance security with its Confidential Blockchain Protocol.
5. Shiba Inu's marketing lead emphasized the project's focus on confidential identity, privacy, encryption, and sovereignty during a recent discussion with Zama's CEO.
Description
Shiba Inu (SHIB) team has revealed a major development to protect its ecosystem from future threats.
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