Fri, November 22

SHIB Community Hints Coinbase Role in Upcoming SHI Launch

SHIB Community Hints Coinbase Role in Upcoming SHI Launch Altcoin News
  • SHIB’s SHI smart contract to disrupt the stablecoin market.
  • Binance and Coinbase are expected to play a significant role in Shibarium’s success.
  • SHI smart contract enables censorship-resistant and immutable stablecoin transactions.

According to a recent Twitter post by a SHIB enthusiast on his official account, the Shiba Inu (SHIB) ecosystem is set to shake up the stablecoin market by introducing the Shibarium and yet-to-be-released SHI smart contract.

Based on the Twitter post, SHI smart contract, which is a stablecoin that the Shiba Inu team is working on to launch. Moreover, it will be a significant part of the SHIB ecosystem’s growth in the coming months. Basically, Binance and Coinbase, which hold the majority of the liquidity for SHIB, are expected to play a significant role in the success of Shibarium.

SHIB’s Stablecoin To Be Live

The SHI smart contract empowers users to transact stablecoins while ensuring complete immutability and censorship resistance. Significantly, the Shibarium network allows the community to have minimal fees with SHI. Besides, with this technology, individuals can transfer stablecoins without worrying about high transaction costs or the risk of third-party interference.

The SHI smart contract accomplishes this by leveraging its decentralized network, which allows for peer-to-peer transactions without intermediaries. Consequently, users benefit from reduced costs and high-security since transactions are directly executed between the involved parties without the centralized-authority.

Significantly, Shiba Inu ecosystem’s introduction of the SHI smart contract is a significant step forward for cryptocurrency. With its promise of reduced costs, increased security, and peer-to-peer (P2P) transactions, the SHI smart contract is set to disrupt the stablecoin market and provide users with a more efficient way to transact.

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I'm a Blockchain enthusiast and Crypto-Economic Analyst, passionate about helping people understand the potential of Decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, and more for well-known tech publications. My goal is to spread knowledge about this revolutionary technology to gain economic freedom and social good.