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Cryptocurrency News Articles
Shiba Inu's TREAT Injection Revolutionizes Crypto With $12M Investment, Ushering in Fully Homomorphic Encryption
Apr 24, 2024 at 12:00 am
Shiba Inu has secured a $12 million investment from Cypher Capital to further develop its ecosystem. TREAT, the ecosystem's final non-stable token, will play a multifaceted role as a reward, gas, and governance token, facilitating the operation of a new Layer 3 blockchain. This blockchain prioritizes privacy by employing advanced cryptography and is designed for regulatory compliance, providing a "cloak of invisibility" for users.
Shiba Inu's TREAT Injection: Ushering in a New Era of Crypto Innovation
In a groundbreaking move that reverberates throughout the cryptocurrency industry, the Shiba Inu team has secured a substantial $12 million investment for TREAT, its highly anticipated non-stable token. This strategic infusion, led by Cypher Capital, marks a pivotal moment in the development of Shiba Inu's next-generation Fully Homomorphic Encryption (FHE) blockchain.
TREAT: The Multifaceted Token Empowering Shiba Inu's Ecosystem
Lucie, Shiba Inu's marketing lead, has outlined the multifaceted utility of TREAT within the ecosystem, setting the stage for its imminent deployment. As the ecosystem reward token, TREAT will incentivize users for their active participation in staking and liquidity pools, fostering a vibrant and engaged community.
Beyond its reward capabilities, TREAT assumes a dual role as a governance and gas token on the new Layer 3 blockchain. This integration elevates TREAT's significance, transforming it from a mere utility token to an integral component in facilitating blockchain operations.
Users can leverage TREAT to execute transactions and engage with decentralized applications (dApps) on the Layer 3 platform. Additionally, TREAT grants voting rights, empowering holders to actively participate in decision-making processes that will shape the ecosystem's future.
SHIB and TREAT: A Synergistic Partnership
Lucie emphasizes the synergistic relationship between TREAT and SHIB, the ecosystem's primary transactional token. This strategic interplay is designed to enhance the overall value and functionality of the ecosystem, promoting a sustainable growth model that benefits all stakeholders.
Layer 3: Enhanced Privacy and Scalability
The introduction of Layer 3 over the existing Shibarium Layer 2 framework represents a significant technological advancement. This new layer employs advanced cryptographic techniques to obscure transaction details, safeguarding user identities and sensitive data while maintaining high transaction speeds and low costs.
This privacy-enhancing feature caters to businesses and institutions that require a balance between operational transparency and confidentiality. Additionally, Layer 3 allows for modular upgrades and changes without disrupting the underlying efficiency of Layer 2, offering a highly customizable privacy solution.
A Catalyst for Growth and Innovation
The deployment of TREAT and the development of the Layer 3 blockchain are poised to propel the Shiba Inu ecosystem to new heights. These innovations are expected to attract more users, increase transaction volumes, and solidifying Shiba Inu's position as a leading force in the crypto space.
As the Shiba Inu team continues to drive its ambitious roadmap forward, the launch of TREAT and the implementation of Layer 3 mark a watershed moment that will reshape the ecosystem and the broader cryptocurrency landscape.
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- Bhutan Adopts Crypto Reserve Strategy, Setting an Example for Smaller Countries
- Jan 11, 2025 at 05:30 am
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- Ripple's (XRP) much-anticipated stablecoin, Ripple USD (RLUSD), has failed to gain traction since its mid-December launch.
- Jan 11, 2025 at 05:30 am
- Despite the well-capitalized company's billions in funding and decade of experience in the blockchain industry, the XRP token hasn't even captured a 0.04% market share of the stablecoin industry.
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- Ripple President Monica Long Forecasts Groundbreaking Developments for RLUSD Stablecoin and Anticipates XRP ETF in 2025
- Jan 11, 2025 at 05:30 am
- Ripple President Monica Long has set high expectations for 2025, forecasting groundbreaking developments for Ripple's RLUSD stablecoin and an anticipated XRP ETF.