• Developers initiate countdown for a unique SHIB self custodial identity.
• Price rally anticipated due to technical indicators and potential of the new initiative.

Following the latest CNF report that forecasts a surge in Shiba Inu’s (SHIB) value based on technical indicator analysis, the Shiba Inu project’s developers have unveiled a thrilling update. In a tweet by Kaal Dhairya, a Shiba Inu developer, the community, affectionately known as Shib Army, was advised to prepare for a “seismic shift in the blockchain world.” The tweet further announced, indicating the initiation of a countdown towards a unique SHIB self custodial identity and hinting at the potential for a SHIB price rally.

The Shiba Inu project has been making waves, especially with the recent launch of Shibarium, their layer-2 scaling solution. CoinGape had previously reported on the developers’ intention to incorporate Self Sovereign Identity (SSI), a blockchain-powered digital identity system, into all Shiba Inu initiatives.

Embarking on the SHIB Identity Journey

Despite the developers keeping the full details of the self custodial identity initiative close to their chests, they have sparked curiosity and excitement with the initiation of a 72-hour countdown. They promised to release instructions on how to proceed with the first step to unlocking the unique SHIB identity on Wednesday, 1 November, 2024. Shiba Inu developer Kaal Dhairya emphasized the significance of this move, describing it as a game-changer set to cause “a seismic shift in the blockchain world.”

Self Sovereign Identity and SHIB

Looking back to August 3, 2023, Shiba Inu’s lead developer, Shytoshi Kusama, disclosed plans to weave SSI (Self Sovereign Identity) into the fabric of all Shiba Inu projects. It is highly anticipated that the forthcoming announcement will be closely tied to the implementation of SSI, setting the stage for innovative developments within the Shiba Inu ecosystem.

As the countdown ticks down, the Shib Army and the broader crypto community eagerly anticipate the revelation of Shiba Inu’s unique self-custodial identity. This pivotal moment is poised to redefine the landscape of digital identity on the blockchain, potentially ushering in a new era of innovation and value for SHIB and its holders.

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