Shib Association Embarks on Path to Create Exclusive SHIB Blockchain September 25, 2023 September 25, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 25, 2023 by Kelly Cromley

Shib Association Embarks on Path to Create Exclusive SHIB Blockchain

Revolutionizing the Crypto Landscape with a Dedicated SHIB Blockchain

In a pioneering move within the cryptocurrency sphere, Shib Association has unveiled its ambitious plan to establish an entirely new blockchain dedicated exclusively to the enigmatic digital token, SHIB. This groundbreaking initiative represents a monumental leap forward for the Shiba Inu community and its ever-expanding ecosystem.


Shib Association: Pioneering Innovation in Cryptocurrency


The brainchild of the community-driven Shiba Inu burn tracker, known as ‘Shibburn,’ Shib Association has emerged as a symbol of innovation and progress in the cryptocurrency realm. Just last month, Shibburn introduced this remarkable association, outlining its vision to accelerate SHIB’s growth through a series of groundbreaking developments, utilities, and inventive solutions.


The Unprecedented Commitment to a Bespoke SHIB Blockchain


The most striking revelation is Shib Association’s unwavering commitment to forge a custom blockchain with an exclusive focus on SHIB, a decision that sets it apart from other initiatives within the Shiba Inu ecosystem. This blockchain will serve as the foundation upon which SHIB enthusiasts can construct a decentralized future.


In a comprehensive communication shared through a prominent platform, Alex, the driving force behind Shibburn, announced that Shib Association’s team has already devised the blueprint for this novel blockchain. The development process is in full swing, led by an accomplished individual with a background as a former Google employee, ensuring its availability on GitHub.


Community-Driven Collaboration


One of the hallmarks of this endeavor is its community-driven nature. Several developers have expressed their eagerness to contribute to this monumental project. Alex highlighted the project’s open-source ethos, revealing plans to establish a GitHub repository soon, inviting participation from enthusiasts and experts alike.


“This modern blockchain will be an open-source project and follow the Proof-of-Participation consensus model. A repository on Github will be available soon where anyone can contribute,” he added, underscoring the collaborative spirit at the core of this initiative.


A Glimpse into the Future


While SHIB remains the primary focus, Shib Association shared intriguing insights into its forthcoming blockchain. Similar to Shibarium, a prominent entity in the Shiba Inu ecosystem, the new blockchain will incorporate mechanisms to burn SHIB tokens. However, specific details regarding these token burns are shrouded in secrecy, intensifying anticipation within the community.


It’s worth noting that Shib Association will not maintain dedicated Telegram or Discord channels. Instead, the hub for community interaction and updates will reside on an X page, set to launch later this week. Additionally, preparations are underway for the unveiling of a dedicated website, with two domains already registered for this purpose.


A Promise of Singular Focus on SHIB


Alex reassured the community that this blockchain initiative would not introduce any new native tokens beyond SHIB. He unequivocally stated that there were no intentions of launching additional tokens in the foreseeable future.


Commitment to Transparency and Community Engagement


In a move to maintain transparency and foster closer ties with the community, Alex announced that his sister would oversee Shib Association’s official X account, ensuring regular updates and communication with the enthusiastic SHIB community.


Distinguishing Shib Association’s Blockchain


It is essential to differentiate Shib Association’s upcoming blockchain from Shibarium, Shiba Inu’s official Layer 2 (L2) scaling network. While Shibarium employs BONE as its official gas token, users of Shib Association’s network will utilize SHIB for transaction fees. This distinctive approach underscores the association’s unwavering commitment to the SHIB token and its unique ecosystem.


Anticipating Future Updates


As development progresses, Shib Association remains tight-lipped about whether this blockchain will be a fork of Shibarium or another prominent blockchain. However, they have promised to release more updates about this exciting project shortly, heightening anticipation within the SHIB community.


A New Chapter in the SHIB Story


The birth of Shib Association’s dedicated blockchain marks an exhilarating chapter in the ever-evolving narrative of SHIB. With a community-driven ethos and a steadfast focus on the potential of the SHIB token, this initiative has the power to unlock a realm of possibilities for the Shiba Inu community.


As development unfolds, the SHIB community eagerly awaits further updates, poised to embark on this extraordinary journey toward a decentralized future. Shib Association’s dedication to transparency, innovation, and community involvement promises to shine as a beacon of inspiration within the cryptocurrency landscape.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.