83% of SHIB Holders Are Stuck in the Red—But Diehard Fans Are Holding Out for a Massive Rebound!
Shiba Inu was once hailed as the king of memecoin. But a recent report has shown that close to 83% of SHIB holders are in the red....
XingChiLog in/ Sign up
Shiba Inu Dev Addresses "The Shib Magazine" Technical Problem
Follow
Shiba Inu developer Kaal Dhairya shared insights into a recent technical challenge encountered by the newly introduced self-custodial authentication system integrated within The Shib Magazine.
It is a publication designed to provide the community with comprehensive updates, encompassing Shibarium, Shib products, services, and exclusive interviews with prominent figures within the cryptocurrency industry.
Launch of Shib Name Service (SNS)
In a recent stride, Shiba Inu developers launched Shib Name Service (SNS) on their layer-2 network, Shibarium, with the aim of introducing Shibdentity — a self-custodial identity system designed to bolster decentralisation within the SHIB ecosystem.
Shibdentity empowers users to regain control over their digital identities, thereby enhancing security, user experience, and eliminating potential censorship.
This significant step was underscored in a 31 October announcement, heralding SNS as an addition that brings human-readable addresses to the ecosystem.
SNS enables users to autonomously manage their Shibarium addresses, facilitating the quick and unique transfer of tokens without intermediary involvement.
Rocky Launch of SHIB Self-Authentication System
Meanwhile, the SHIB self-authentication system, Shibdentity, unveiled on 1 November, faced a series of technical challenges, the cause of which remains undisclosed.
Overwhelming traffic on the system is speculated as the likely culprit.
Kaal assured the community that the development team is actively working towards resolving these issues and restoring normal operations.
Additionally, users were informed of a temporary unavailability of the website's login feature, for which apologies were extended.
Sponsored Business Content
Lucie, a Shiba Ecosystem Official/ShibariumTech — Marketing as listed on X (formerly known as Twitter),provided assurance to community members, characterising these technical hiccups as minor and pledging regular updates on the platform's progress.
The overarching objective of The Shib Magazine is to deliver comprehensive updates to the community, covering Shiba Inu's products and services, with a special focus on the Shibarium layer-2 network.
Furthermore, the magazine promises to keep the community informed about the latest interviews with prominent figures in the cryptocurrency industry, ensuring members stay abreast of developments within the ecosystem and the broader crypto landscape.
Once fully operational, the magazine will play a pivotal role in providing timely updates on trending tokens and upcoming features within Shibarium.
As a token of appreciation, it has been reported that the first 1,000 readers will receive a complimentary NFT of the magazine cover, sponsored by the SHIB Doggy DAO Foundation.
The SHIB is Back Up
At the time of writing, it seems the SHIB magazine is back in action according to its blog post.
Sponsored Business Content
2
Gain a broader understanding of the crypto industry through informative reports, and engage in in-depth discussions with other like-minded authors and readers. You are welcome to join us in our growing Coinlive community:https://t.me/CoinliveSG
Add Comment
LoginLeave your comments
0 Comments
Earliest
There's nothing here for now
Related News
- XingChi
Ethereum’s Vitalik Buterin Sells Meme Tokens for 71 ETH and Mints DAI
Vitalik Buterin recently sold several meme tokens and minted DAI, accumulating 71.69 ETH. His sale of DHN tokens caused a 57% drop in their value, sparking discussions about his market strategy.
WeatherlySHIB Is The New Bitcoin. SHIB Team Explains That SHIB Is More Than A token, But a Complete Ecosystem
The Shiba Inu team has called their coin their "Bitcoin". This statement comes after the coin's poor performance yesterday, trading at $0.00001166, a 5% loss in the past 24 hours. But what does this statement really mean?
XingChiChatGPT 4.0 Forecasts New Viral Altcoin To Surpass Solana And Shiba Inu
ChatGPT 4.0 has forecasts that an exciting new crypto, Rollblock ($RBLK) could soon surpass well-established altcoins like Solana (SOL) and Shiba Inu (SHIB) due to its innovative blockchain gaming ecosystem and rapid investor adoption.
XingChiShiba Inu Team postpones ShibaCon Conference, But SHIB Price Soars Over 40%
To the surprise of various community members, the Shiba Inu team has announced the postponement of the highly anticipated ShibaCon conference.
XingChiShiba Inu Community Warns of Rising Scam Threats Targeting Altcoin Holders
The Shiba Inu community warns of increasing scams targeting its holders, urging caution and vigilance as fraudulent schemes and fake Telegram groups proliferate.
WenJunVitalik Buterin Donates Over $500K in Animal-Themed Meme Coins: Is it Altruism at its Best or a Strategic Coin Disposal?
Vitalik Buterin donated over $500K in animal-themed meme coins to charity, urging more practical utility for meme coins. Is this a genuine act of altruism or a strategic move to enhance his image while offloading coins?
KikyoBeware: Shiba Inu Scams Exploding on Telegram and X that Could Empty Your Wallet – Don’t Fall for These Traps
The Shiba Inu community, known for its large and active base, is increasingly targeted by scammers exploiting its popularity through fake airdrops and giveaways on Telegram and X. These scams aim to steal funds by tricking users into connecting their wallets or sharing personal information, capitalising on the community’s enthusiasm and trust.
AnaisExclusive Access to Shiba Eternity via LEASH Staking: How Shibarium Could Drive SHIB to $0.01
Shiba Eternity’s Web3 launch on Shibarium requires LEASH token staking for exclusive access. The game's integration with Shibarium will burn SHIB tokens, potentially increasing SHIB's value and driving up its price.
WeatherlyTrillions of Shiba Inu Stolen in WazirX Hack
Cybercriminals exploited WazirX, resulting in the theft of multiple crypto assets worth over $230 million.
Cheng Yuan
More news about autoburn
- HTX Enables Crypto Trading via the TradingView PlatformBullishBearish
- 币安现货已与 TradingView 集成Bullish1Bearish
- Moneycontrol Daily: Your Essential 7Bullish6Bearish2
- Moneycontrol Daily: Your Essential 7Bullish2Bearish
- Moneycontrol Daily: Your Essential 7BullishBearish
- Moneycontrol Pro Panorama | Crypto MayhemBullishBearish
More news about autoburn
HTX Users Can Now Trade Crypto Directly on TradingView with New Integration
HTX has partnered with TradingView to allow users to trade cryptocurrencies directly within the TradingView platform, enhancing the trading experience. This integration provides users with easier access to HTX's services and resources, enabling more efficient and flexible trading strategies.
AnaisCrypto.com's Dubai Arm Secures Operational Approval
Crypto.com's Dubai arm secures full operational approval, marking a milestone in serving institutional investors. The UAE's crypto-friendly environment continues to attract businesses, positioning Dubai as a global crypto hub.
WeiliangCrypto.com Receives UK EMI Authorisation
his authorization allows Crypto.com to expand its product offerings in the UK market.
AlexBlockchain.com Cuts Its Headcount by 28%
The company adapts strict cost-cutting to return to profitability in 2023.
BeincryptoCrypto.com Releases Proof of Reserves
Attested by Mazars Group, Users Can Verify That Their Crypto Assets Are Fully Backed (1:1) on our Platform
OthersMech.com tabs Kyle Klemmer to become COO
Kyle Klemmer joins Mech.com as COO, bringing 15 years of growing and running startups to Fortune 500 companies. Kyle quickly ...
BitcoinistMeet NullTX at NFT Expoverse in LA July 29th-31st
NulltxCrypto.com secures regulatory license in Italy
The mobile-first cryptocurrency exchange recently received regulatory approvals to operate in Greece, Singapore and Dubai.
CointelegraphGRN (G) Gets Listed On XT.com
1st July, 2022, Dubai, UAE: The global cryptocurrency exchange, XT.com, is thrilled to announce its token offering expansion and list ...
BitcoinistThis Crypto Trading Bot Platform Can Now Use TradingView Signals
A trading bot platform has announced its new product feature that allows traders to make decisions based on TradingView signals.
Cointelegraph
Sponsored Business Content
Subscribe
to Coinlive newsletter and stay updated
