Shiba Inu Leaps Into the Future: Quantum-Resistant Shib Identity in Development

Shiba Inu isn't just chasing tails—it's sprinting toward quantum-proof security. The meme coin turned serious contender is building a Shib Identity system designed to withstand tomorrow's supercomputers.

Why it matters: When quantum computers crack today's encryption like a dog gnawing a bone, your crypto wallet better be armored. Shiba Inu's prepping for the apocalypse Wall Street still thinks is sci-fi.

How it works: The project leverages lattice-based cryptography—a mathematical fortress even quantum machines can't storm. No more 'password123' vulnerabilities when digital gold is at stake.

The kicker? While TradFi banks still use fax machines, Shib's coding for threats that don't fully exist yet. Talk about beating the hedge funds at their own game.

Shiba Inu partners with cryptography firm Zama

The post further disclosed that Shiba Inu has partnered with Zama to develop the Shib Identity. It described the partnership as a sign of credibility in its efforts to build the quantum computing-resistant tool.

Zama is a France-based cryptography company working on FHE, and it recently launched its public testnet for its Confidential Blockchain Protocol. The protocol serves as a privacy LAYER that operates on existing blockchain networks, offering full transaction data encryption even from node operators.

Meanwhile, the Shib team disclosed that the Shib Identify will be accessible through its TREAT token. However, it did not explain how this WOULD work, noting that it would be built into the system by design. Although the post suggests that it is a long-term, deliberate project, preparing the Shiba Inu ecosystem for the arrival of Quantum Computing, it did not specify when it would go live.

SHIB continues to struggle despite developments within the ecosystem

Interestingly, Shib Identity is only one of the several ongoing developments within the Shiba Inu ecosystem. The project also recently launched the Shib Alpha bridge, which updates its cross-chain infrastructure by connecting it to its Layer-3 network, Shiba Alpha Layer.

Beyond this, the project has already teased and launched several initiatives, including Shibarium Layer-2, several tokens, Shib Finance, and others. All these initiatives are part of the project’s efforts to transition from a basic memecoin play into a utility-driven protocol.

However, the efforts have not translated into positive price gains for the SHIB token, down 38.57% this year and trading at $0.00001334. Although the memecoin has risen by 15% in the past week, it has struggled to reclaim its peaks from 2021.

Shiba Inu struggles are likely due to its large supply of 589 trillion tokens and a burn rate that has not been enough to put a sizable dent in the supply. For instance, only one billion SHIB have been burnt in the past seven days, representing a tiny fraction of the supply.

The presence of other ecosystem tokens, such as TREAT and BONE, also appears to have limited SHIB’s utility within the ecosystem, leading to divergence in the performance of the tokens. According to CoinMarketCap, TREAT has been up 59% in the last seven days, while BONE only saw 3.85% gains.

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