Shiba Inu to Implement ShibPaper, What Does this Mean for the Ecosystem?

Community Believes Shiba Inu to Hit New ATH Soon; Here's Why

Early this week, Shytoshi Kusama, the primary developer of ShibaSwap, presented fresh updates regarding the Shibarium network. Shibarium was introduced to the public on August 16, 2023, however, it had little effect on the price of SHIB. But Shytoshi described how to use “ShibPaper” in the most recent blog post and referred to it as the ecosystem’s and network’s overall base. 

The developer referred to the ShibPaper as “the most comprehensive decentralization document the world has ever seen.” It was written by Shytoshi Kusama. ShibPaper, to put it simply, is a whitepaper that describes the strategies for Shiba Inu’s expanding environment. It will serve as a document that directs the ecosystem’s creation of a “Shiba Inu State”. 

Related Reading: Shiba Inu Reclaims Uptrend as Holders Increase With Coming Shibarium Relaunch

The ShipPaper Network Governance

A constitution and a canine code of conduct for the whitepaper called Hound were also mentioned in the piece. Every user on the network will be a “Shibizen,” according to Shytoshi, who described the ShibPaper as a “foundational script.” Additionally, “potential successors” to controlling tokens like SHIB, Bone, Leash, and the future Treat token were recommended in the ShibPaper. According to the site, the Shibarium network will provide physical assets to support both the existing and prospective currencies.  

High degrees of “transparency” will also be “overseen via blockchain smart contracts,” this was stated, to guarantee financial integrity. According to Shytoshi, “We will start implementing the ShibPaper so that this year, we can have more than just a framework.” “A working system for governance and management that proves our perpetual decentralized digital nation-state is real and here to change the world,” the developer concluded. 

Read Also: Shiba Inu Adoption Grows as Brazilians Embrace SHIB for Payments

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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