Shiba Inu is developing its own Layer 3 network, aimed at enhancing security and privacy within its ecosystem.
Points
- Shiba Inu （SHIB） developing a Layer 3 network.
- Collaboration with Zama for Fully Homomorphic Encryption （FHE）.
- New privacy layer to enhance onchain security and privacy.
Shiba Inu （SHIB） is on the brink of a significant advancement with the development of its own Layer 3 network. This new layer aims to enhance security and privacy within the Shiba Inu ecosystem.
In a recent tweet, SHIB team member Lucie provided an update on various tokens and decentralized applications （dApps） within the Shiba Inu ecosystem, highlighting the anticipated Layer 3 network. The development is in collaboration with the open-source cryptography company Zama, focusing on Fully Homomorphic Encryption （FHE）.
FHE is a privacy tool that allows developers to use data on untrusted domains without decryption, ensuring both security and privacy. This new privacy layer will benefit all Shiba Inu tokens and projects, including Bone, Treat, the Metaverse, and Shibdentity.
The upcoming Shiba Inu ecosystem token, TREAT, will power the new privacy layer, enabling developers to build a targeted network on top of Shibarium, a Layer 2 network that settles transactions on the Ethereum blockchain.
解説
- The development of a Layer 3 network represents a significant milestone for the Shiba Inu ecosystem, enhancing its security and privacy capabilities.
- Fully Homomorphic Encryption （FHE） allows data to be processed securely without decryption, providing robust privacy protections.
- This advancement is expected to attract more developers and projects to the Shiba Inu ecosystem, fostering innovation and growth.
- The introduction of TREAT as the powering token for this new layer underscores the project’s commitment to creating a comprehensive and secure blockchain environment.