Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service.
The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities.
Shib Name Service (SNS) is bringing human-readable addresses to the ecosystem. Currently, users own wallet addresses filled with random numbers and alphabets. However, with SNS, users can get customized addresses to send and receive tokens.
For instance, a perplexing address such as “0xc0c9ccg5f5411d2bbma4” can be transformed into Raymond.shib. This is not the only advantage that SNS provides, as it also facilitates:
- Decentralization: Since SNS operates on Shibarium, it facilitates complete decentralization.
- Human-readability: SNS simplifies complex wallet addresses to add human-readability.
- Diversity: SNS addresses can support other decentralized websites and cryptocurrencies.
- Less Errors: With human-readable addresses, the chance of sending tokens to the wrong address is minimized.
- Interoperability: SNS can seamlessly work with different apps and services on Shibarium.
- No Censorship: SNS makes sure that the registered names are resistant to takedowns or centralized control.
- Shibdentity Support: Shibdentity represents the future of decentralized identity solutions.
Users can easily get started with Shib Name Service using the following steps:
- Start by connecting an existing wallet to the SNS.
- Look for a desired name to check its availability.
- After finding the name, tap on Buy.
- Select the number of years to buy the name.
- Approve the Metamask popup on the screen.
- Once the transaction is executed, the name will show up in the My Names section.
The introduction of Shibarium and SNS has added numerous use cases to the Shiba Inu ecosystem. As expected, the news caught the attention of traders across the world. Many traders even looked for Shiba Inu predictions soon after to reassess their portfolios.
Shiba Inu’s constant innovations are a major factor behind meme coins gaining prominence in the market. The token has gained 3.62% value in the past 7 days, trading at $0.000007693.
Since the SNS introduction is being warmly accepted by the Shiba Inu community, the meme token is expected to gain even more value.