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Shiba Inu has rolled out its SHIB Name Service (SNS) on its Shibarium Layer-2 network, allowing users to replace complex blockchain addresses with straightforward, easily remembered domain names. Ethereum Name Service is a similar offering for the Ethereum community, and interested parties can secure their “.SHIB” domain through name.shib.io for a fee in Bone ShibaSwap (BONE) tokens. Additionally, Shytoshi Kusama introduced a new encrypted peer-to-peer messaging system to improve user interactions on the Shibarium platform. This is all part of a wider decentralized identity scheme called SHIBDentity, which is looking to develop a broad-spectrum identity protocol to keep digital identity safe. The developers claim that their take on decentralized identity adheres to the World Wide Web Consortium standards. So far, the market’s reaction has been underwhelming, with SHIB adding just 0.5% since the news broke. #SHIB #ShibaInu #SHIBNS #SHIBDentity
You can read more about this topic here: Decrypt: SHIB Devs Launch Name Service in Decentralized Identity Push
