Shib Association, renowned for its community-driven Shiba Inu burn tracker, Shibburn, has emerged as a symbol of innovation and progress in the cryptocurrency realm. This association aims to accelerate the growth of the SHIB token through groundbreaking developments, utilities, and inventive solutions.
One of the most significant revelations from Shib Association is its commitment to forging a custom blockchain exclusively for SHIB. This decision sets it apart from other initiatives within the Shiba Inu ecosystem and paves the way for a decentralized future for SHIB enthusiasts.
The blueprint for this novel blockchain has already been devised, with development led by an accomplished individual who has previously worked at Google. This ensures the blockchain’s availability on GitHub, allowing for open-source contribution from the community.
Community-driven collaboration lies at the heart of this initiative, with several developers expressing their eagerness to contribute to this monumental project. The Proof-of-Participation consensus model will guide this modern blockchain, and a GitHub repository will be established soon, inviting enthusiasts and experts to contribute.
While SHIB remains the primary focus, Shib Association has provided some intriguing insights into the forthcoming blockchain. It will incorporate mechanisms to burn SHIB tokens, similar to Shibarium, another prominent entity in the Shiba Inu ecosystem. However, specific details regarding these token burns are yet to be revealed, fueling anticipation within the community.
To foster transparency and community engagement, Alex, the driving force behind Shibburn, has announced that his sister will oversee Shib Association’s official X account. Regular updates and communication will be provided to the SHIB community through this account.
It is vital to distinguish Shib Association’s upcoming blockchain from Shibarium, Shiba Inu’s official Layer 2 scaling network. While Shibarium uses BONE as its official gas token, Shib Association’s network will utilize SHIB for transaction fees. This approach emphasizes the association’s commitment to the SHIB token and its unique ecosystem.
As development progresses, Shib Association remains tight-lipped about whether this blockchain will be a fork of Shibarium or another prominent blockchain. However, the association has promised to release more updates about this exciting project shortly, keeping the SHIB community on the edge of their seats.
The birth of Shib Association’s dedicated blockchain marks a new chapter in the SHIB story. 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 the development unfolds, the SHIB community eagerly awaits further updates, ready 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.