- Kusama shares a new outlook for SHIB in a reply to Ex Coinbase CTO.
- Shibarium L2 employed Bad Idea AI chatbot to examine new dApps.
- Shiba Inu (SHIB) price remains in a sideways consolidation channel.
Shiba Inu lead developer Shytoshi Kusama embraces the trend of artificial intelligence, as revealed in a fresh reply to former Coinbase Chief Technology Officer (CTO) Balaji Srinivasan’s advice. Mr. Balaji strongly advised “If you’re in AI, pivot to decentralization”, to which Shiba Inu’s lead dev Shytoshi Kusama answered: “Captian Obvious”.
What Shiba Inu’s enigmatic lead developer is referring to is the recent introduction of several AI-based tools to Shibarium, the Shiba Inu community’s Layer 2 blockchain. For instance, the Bad Idea AI (BAD) chatbot serves as a learning gateway for builders on the Layer-2 scaling solution. The chatbot provides informative consultations on Telegram & Discord, as well as examines upcoming Shibarium projects awaiting launch.
SHIB’s Decentralization Crusade: A Symphony of Minds
Besides Bad Idea AI chatbot, another key feature of the Shibarium decentralization quest is SHIBDentity. This initiative involves the Shiba Name Service (SNS), a custom and easily recognizable domain on the blockchain, introduced by Shibarium developers a month ago.
On top of that, Shibarium developers revealed that they’re working on a non-custodial cryptocurrency wallet for the SHIB community, popularly known as SHIB Army. Additionally, SHIB had struck a deal with Tangem for a series of Shiba Inu-themed cold wallets, also supporting Shibarium’s gas fee token Bone ShibaSwap (BONE).
The Layer-2 blockchain Shibarium has already processed nearly 4 million transactions and received public applause from several celebrities, including 8-time boxing champion Manny Pacquiao. Emerging utilities include tracking cryptocurrency donations to help human trafficking victims in the rural regions of the Philippines and Central Asia.
Once just an ERC-20 meme coin on the Ethereum blockchain, Shiba Inu made huge strides toward becoming a self-sufficient ecosystem. This year, SHIB holders have seen the release of Shibarium, an eagerly awaited event that helped SHIB reclaim its quarterly high of $0.00001072 on August 13, 2023.
Today, SHIB remains in a phased price consolidation channel with 1.5% gains in the last 24 hours. At press time, SHIB is changing hands at $0.00000860, according to CoinGecko. Bouncing back off the $0.000009 resistance on Thursday, 16 November, 2023, Shiba Inu (SHIB) is yet to erase a zero in spite of the thrilling 21.1% price appreciation on a monthly timeframe.
On The Flipside
- The non-custodial DeFi wallet has a hassle-free system of private key restoration via Web2 and Web3.
- Shiba Inu developers are yet to showcase the exact workings of this restoration process.
- SHIB non-custodial wallet’s launch date is unknown, while daily transfers on Shibarium have dropped.
Why This Matters
Decentralization in cryptocurrency erases several risk factors, but also adds an extra layer of responsibility for consumers.
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