Self-Authentication System Of Shiba Inu Has Technical Issues, Developer Reveals
07 November 2023 - 7:00PM
NEWSBTC
The newly launched SHIB self-authentication system, Shibdentity,
has witnessed some technical issues. Kaal Dhairya, a Shiba Inu
developer, revealed this today, November 7. As part of their
efforts to make the Shib Ecosystem self-sufficient, the developers
also introduced The Shib Magazine. Shiba Inu Developers Launches
The Shib Magazine The Shiba Inu developers recently launched Shib
Name Service (SNS) on its layer-2 network, Shibarium. The Shib Name
Service aims to introduce the Shibdentity, a self-custodial
identity system for the SHIB ecosystem Related Reading: Near-Term
XRP Price Rally Of 270% Is Imminent: Crypto Analyst The product
aims to make the ecosystem sufficiently decentralized so users
wouldn’t have to depend on third-party platforms. Shibdentity
creates a decentralized identity platform, enhancing security and
user experience and eliminating censorship so that users can
control their digital identities. As stated in an October 31
disclosure, the launch of the SNS marks a milestone for Shiba Inu.
The team described the newly launched feature as a disruptor
introducing something special and human-readable addresses to the
ecosystem. It allows users to self-manage their Shibarium
addresses without third-party interference. They can quickly
transfer tokens to others using unique initials. Meanwhile,
the SHIB self-authentication system Shibdentity, launched on
November 1, developed some technical issues. The developer has
yet to reveal the reason behind the technical glitch. However, the
issue may be due to overwhelming traffic on the system.
Dhairya noted that the developer team is working to resolve the
issues and have things back to normal as soon as possible. “The
newly launched self-custodial authentication system as part of the
Shib Magazine is having technical issues for some users. We are
working towards fixing this as soon as possible,” the developer
said. Shiba Inu Developers Launches The Shib Magazine For Timely
Ecosystem Updates The Shib Magazine aims to furnish the community
with updates regarding Shib Inu products and services, including
the layer-2 network Shibarium. In addition, the newly launched
magazine will also report on the latest interviews with top
cryptocurrency industry experts. This will ensure the
community members remain up-to-date on happenings around the
ecosystem and the broader crypto market. Moreover, when fully up
and running, the magazine will promote a timely update of trending
tokens and upcoming Shibarium features. According to reports,
the first 1,000 readers will receive an NFT of the magazine cover
for free. The SHIB Doggy DAO Foundation sponsors this effort. More
Updates On Shibarium Progressive Strides Shibarium has proven
successful since its launch in late August, covering significant
milestones in the subsequent months. On October 18, the
layer-2 network exceeded 3.5 million in total transactions, with
over 1.2 million blocks in less than two months post-launch.
Currently, Shibarium boasts a total of 3.8 million transactions and
over 1.5 blocks. Related Reading: Chainlink Enters Bull Territory,
Signals Long-Term Uptrend — Crypto Expert There was a popular
notion that the launch of Shibarium would boost Shiba Inu’s price
by facilitating token burns, lowering transaction costs, and
increasing speed. However, within the launch period, Shiba Inu
recorded a considerable price decline, even when most tokens
soared. But recently, Shiba Inu has posted notable strides,
recording over 15% 30-day price increases and a nearly 6% gain in
the last seven days. Over the past 24 hours, SHIB price has
increased over 2% and trades at $0.0000081. Featured image from
Shutterstock and chart from TradingView.com
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