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Shiba Inu community prepares for decentralisation upgrade by 2024

Shiba Inu community prepares for decentralisation upgrade by 2024

GrafaGrafa2024/08/22 02:20
By:Isaac Francis

The Shiba Inu (CRYPTO:SHIB) community is eagerly anticipating a major upgrade expected to launch by the end of 2024. 

This upgrade aims to enhance the decentralisation of the Shiba Inu network, transferring full control and decision-making power to the community. 

This move aligns with broader principles of decentralisation in the cryptocurrency world, where power and influence are distributed across a diverse audience. 

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, revealed in an exclusive interview that the anonymous founders and core development team plan to step down from their leadership roles by the end of 2024. 

This decision is part of their vision to create a truly decentralised network, with the Shiba Inu community taking control of the project. 

Kusama and Kaal Dhairya, another key figure in the ecosystem, plan to blend into the community as regular members, continuing to support the network from within. 

The transition to a community-led network marks a significant milestone for Shiba Inu, which began as a small-cap meme coin and has grown into one of the most popular meme-based cryptocurrencies. 

With this upgrade, SHIB is set to align more closely with core ideals of the crypto space, where communities govern networks rather than centralised entities. 

The decision to empower the community is also seen as a step towards ensuring the long-term sustainability and success of the Shiba Inu network. 

By decentralising control, the network can benefit from the collective wisdom and diverse perspectives of its global user base, fostering innovation and resilience. 

As the community prepares to take on a greater role, this upgrade could usher in a new era for Shiba Inu and set a precedent for other cryptocurrency projects.

At the time of writing, Shiba Inu was priced at $0.00001411.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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