- Users can now host SHIB on the Internet. As per the DFINITY announcement.
- This is made possible by the ECDSA key chain and does not require any bridge.
- 250,000 users joined SHIB in 2022, bringing its total to 1,2588,527
Every goal and organization of the crypto industry is trying everything to attract more buyers. In the recent events following the crypto winter and the fall of FTX, most users and investors have distanced themselves from the industry, and such measures are necessary to restore the glory days of the crypto industry.
Shiba Inu (SHIB) can now be held natively on the Internet Computer Platform. This move will expand the currency’s exposure to millions of users. DFINITY’s latest announcement says so.
The non-profit organization that develops the Internet Computer blockchain, DFINITY Foundation, announced in its Tweet that now users can keep native Shiba Inu. This is possible with the ECDSA key chain, as it does not require any bridge.
The company also announced that the Internet Computer’s mainnet has been integrated with Bitcoin. This brings advanced smart contract functionality to the world’s largest cryptocurrency.
Now, the Internet Computer will act as Layer 2 of BTC, where smart contracts on the Internet Computer can send, receive and hold Bitcoin natively. Without the need for any third party or any bridges.
This integration with Bitcoin replaces these central bridges in the form of the Elliptic Curve Digital Signature Algorithm (ECDSA).
Among the new developments, Helix, an Internet Computing-based DEX project with key-chain signature features and now built on BTC, will provide bridgeless token exchange. This will be the first time in the history of ICP that users can trade DOGE, SHIB, Polygon and others without bridges on Helix.
ICP holders can now exchange their tokens to SHIB on-chain without intermediate bridges. ICP is the traditional symbol of the computer blockchain internet, which is the public blockchain internet.
The Shiba Inu has been increasing its exposure with continued attention this year, resulting in a noticeable increase in the number of SHIB owners. According to reports, SHIB has added more than 250,000 users amid the prevailing market situation by 2022. Making the number of owners count 1,2588,527.
The chart shows consistent sideways movement and there are no short or long opportunities anytime soon. It is currently trading at $0.000009219 and is down 0.23% in the last 24 hours. Its volume decreased by 29.18% and is $53 million. At the same time, its market capitalization also decreased by 0.2% and stood at $5 billion. Its position against Bitcoin has also decreased by 0.36% and is now at 0.000000000537 BTC.