Shiba Inu is working on a quantum-resistant Shib Identity
The post Shiba Inu is working on a quantum-resistant Shib Identity appeared on BitcoinEthereumNews.com. The memecoin project Shiba Inu is working on a privacy-focused Shib Identity to address the risk of quantum computing. The Shib team confirmed this in a recent publication while noting the major risks that quantum computing poses to users’ data. According to a post published on Shib Magazine, the project noted that the risks of quantum computing are no longer remote with recent technological advancements. It stated that big tech companies such as Apple and Microsoft have already started making efforts to address the risks, and Shiba Inu is also doing the same. It said: “Shiba Inu’s long-term defense plan includes something most ecosystems haven’t even started thinking about: a purpose-built identity system called Shib Identity.” The post further explained how the Shib Identity works, noting that it is a “full-stack architecture grounded in digital sovereignty” with users having full control of their privacy and data access. It was noted that the technology used was Fully Homomorphic Encryption (FHE), which allows encrypted data to be processed. This means user data can remain private, ensuring identity credentials are never exposed during verification. The post noted: “It’s a tough technology to pull off, but it offers a rare advantage: resilience not just against today’s threats, but the kind quantum computers could pose down the line.” Interestingly, the project plans to leverage its Shib Name Service (SNS) with the Shib Identity to reimagine how on-chain identity works. The project noted that the SNS team is already working on getting ICAAN approval, which will allow .shib names to serve as standard web domains. Shiba Inu partners with cryptography firm Zama The post further disclosed that Shiba Inu has partnered with Zama to develop the Shib Identity. It described the partnership as a sign of credibility in its efforts to build the quantum computing-resistant tool.…
The post Shiba Inu is working on a quantum-resistant Shib Identity appeared on BitcoinEthereumNews.com.
The memecoin project Shiba Inu is working on a privacy-focused Shib Identity to address the risk of quantum computing. The Shib team confirmed this in a recent publication while noting the major risks that quantum computing poses to users’ data. According to a post published on Shib Magazine, the project noted that the risks of quantum computing are no longer remote with recent technological advancements. It stated that big tech companies such as Apple and Microsoft have already started making efforts to address the risks, and Shiba Inu is also doing the same. It said: “Shiba Inu’s long-term defense plan includes something most ecosystems haven’t even started thinking about: a purpose-built identity system called Shib Identity.” The post further explained how the Shib Identity works, noting that it is a “full-stack architecture grounded in digital sovereignty” with users having full control of their privacy and data access. It was noted that the technology used was Fully Homomorphic Encryption (FHE), which allows encrypted data to be processed. This means user data can remain private, ensuring identity credentials are never exposed during verification. The post noted: “It’s a tough technology to pull off, but it offers a rare advantage: resilience not just against today’s threats, but the kind quantum computers could pose down the line.” Interestingly, the project plans to leverage its Shib Name Service (SNS) with the Shib Identity to reimagine how on-chain identity works. The project noted that the SNS team is already working on getting ICAAN approval, which will allow .shib names to serve as standard web domains. Shiba Inu partners with cryptography firm Zama The post further disclosed that Shiba Inu has partnered with Zama to develop the Shib Identity. It described the partnership as a sign of credibility in its efforts to build the quantum computing-resistant tool.…
What's Your Reaction?
