New Layer-3 Blockchain and Tokens on the Horizon
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Shiba Inu plans to launch a new layer-3 blockchain with advanced encryption technology. The new layer will have the TREAT token as the upcoming token to perform a significant function in this layer. Shiba Inu (SHIB), the second-largest meme coin, is striving to advance its ecosystem with significant new developments. Lucie, Shiba Inu’s marketing lead, has unveiled plans for a new layer-3 blockchain and several new tokens, indicating a shift towards a more substantive platform. Lucie highlighted the expansion and revealed two new tokens in her recent announcement.“From SHIB, LEASH, BONE, SHEB, Shiboshis, ShibtheMV, and coming soon: TREAT and SHI, to innovative decentralized applications, our ecosystem offers endless possibilities. One of the most interesting things coming is our very own L3,” Lucie stated. This comes after Shiba Inu received $12 million in investment in April exclusively for the new layer-3 network. The rounds have gone as high as $200 million, as reported by several sources. The upcoming layer-3 blockchain, which will be a part of the current Ethereum layer-2 blockchain Shibarium, will incorporate Fully Homomorphic Encryption (FHE) which allows for data processing without decryption. FHE is expected to enhance the security and privacy of the Shiba Inu ecosystem, which will include all tokens and projects such as SHIB, LEASH, BONE, TREAT, and SHI. FHE will enable developers to perform computations in environments that cannot be trusted and, at the same time, have their data secure. This solution is designed to improve the privacy of Shiba Inu transactions and to safeguard the information of its users. TREAT Token Set to Play Key Role in Private Network The new layer will have the TREAT token as the upcoming token to perform a significant function in this layer. TREAT, built specifically for the private network, will allow developers to create and launch applications…
Filed under: News - @ July 30, 2024 11:08 pm