Cryptography
Advancements in Shiba Inu Ecosystem with Zama's FHE Technology
Monday. December 9 at 5:00 AM
1 min. readThe Shiba Inu ecosystem is progressing by integrating Zama's Fully Homomorphic Encryption (FHE) technology to enhance privacy and transparency in blockchain transactions. Kaal Dhairya, a key developer in the ecosystem, announced the partnership with Zama on X (formerly Twitter). Zama's FHE technology allows smart contracts to securely operate on encrypted data without changing existing blockchain protocols, addressing the challenge of balancing transparency and privacy in blockchain networks. This integration highlights Shiba Inu's dedication to innovation, privacy, and security, solidifying its position as a blockchain development leader. Concurrently, the official Layer-2 blockchain of the ecosystem, Shibarium, has experienced significant growth, surpassing 620 million transactions and attracting over 2 million wallets. These achievements establish Shibarium as a prominent decentralized hub, garnering attention from the crypto community. Shiba Inu's value has also increased by approximately 70% in the past month, reinforcing its position as the second-largest meme coin in the industry.