- In the latest edition of the SHIB Magazine, lead developer Shytoshi Kusama revealed his grand and ambitious plan to attract at least a billion users to Shiba Inu and Shibarium.
- He also has a vision of making Shiba Inu the most decentralized ecosystem, including leveraging the ecosystem’s tokens to initiate elections for governance issues.
Shytoshi Kusama, the pseudonymous developer of Shiba Inu, has ambitious plans for the project. In the latest edition of the SHIB Magazine, Kusama revealed some of these plans, including a grand push to attract a billion users to the Shiba Inu ecosystem and to decentralize the budding project’s governance.
As part of SHIB Magazine’s latest copy, Kusama penned an article on his vision for the project titled “Shiba Inu’s Bold Path to True Decentralization.” He broke down his plans for the ecosystem, ranging from democratic involvement and transparent elections to defense against scams and building a blockchain-friendly ecosystem.
On being user-friendly, Kusama’s vision “transcends current crypto boundaries, aiming to draw in a billion users with real products and a commitment to privacy and legal compliance.”
[Kusama] strongly advocates for a user-friendly blockchain experience, free from the dread of financial loss and intricately designed for genuine, privacy-respecting user participation.
The developer also intends to empower the community. He envisions a world where everyone within the Shiba Inu community participates in selecting the leaders and takes part in making decisions that dictate the trajectory of the project. Shiba Inu has already introduced elections for some of its councils, which Kusama describes as a “revolutionary leap, steering the project towards unprecedented levels of decentralization.”
Shiba Inu’s Plan of World Domination
Protecting the community against scams amid the rise of rampant crypto fraud is also central to the visionary developer’s plans. He intends to apply novel defense mechanisms that include cutting-edge privacy safeguards and a unique Karam system that will discourage fraud.
He’ll also integrate self-sovereign identity which involves decentralized identifiers and verifiable credentials. Blending the three approaches will “fortify the platform against fraudulent activities, enhancing trust and safety for users.”
Other plans include making the network more democratic through “absolute decentralization,” which Kusama says will come from community-driven elections.
All these plans will bring Shiba Inu to a new era of privacy, transparency, and decentralization. However, the ultimate goal is real-world adoption. Shiba burst into the limelight as a speculative meme coin with no utility and as a rival to DOGE. Investors only put their money into the project in the hope that their portfolios would skyrocket.
Kusama wants to move the project from this perception. The launch of Shibarium—which is the ecosystem’s layer 2 (L2) network on the Ethereum blockchain—was a critical part of this vision. Despite its modest growth over the past few months, Kusama and other community members believe Shibarium is headed for the top.
To truly appreciate how far Shiba Inu has come, it’s worth taking a look at some of the numbers. Perhaps the most critical is that in February 2021l, there were only 8,460 addresses on the network. Today, it boasts of over 1.25 million addresses.