Shiba Inu users are in for an eventful month as the altcoin gears up for multiple launches. As per an earlier announcement, Shiba Inu, an Ethereum-based altcoin, is scheduled to unveil the Shibarium mainnet in August.

Beyond the anticipation surrounding the mainnet release, Shiba Inu has exceeded expectations with a recent revelation. The altcoin has introduced its new Layer 2 solution, Shib SSI (Shib Sovereign Identity).

Shib SSI, or Shib Sovereign Identity, aims to simplify navigation within the Shib Ecosystem for users. In an official post, SHIB elaborated on the concept of SSI, emphasizing its role in enabling users to retain ownership of their assets and identities in wallets.

Contrary to conventional wisdom, data ownership benefits users at large, prompting Shib Sovereign Identity to seek to redefine standard regulations by facilitating fair ownership and utilization of data for Shibarium builders and members.

This initiative promises to foster decentralization and trust in the digital space, while also introducing new use cases that have long awaited attention. Leveraging the cost-effective nature of Shibarum, Shib SSI will deliver enhanced value propositions, including improved business processes, fraud prevention, and cost savings for businesses grappling with inflation.

The integration's implications will be detailed in the upcoming Worldpaper. Given the complexity of Shib SSI, extensive research and development are required, although Shiba Inu plans to roll out Shibarium ahead of Shib SSI. By combining Shibarium and Shib SSI, Shiba Inu aims to revolutionize transaction conduct in the cryptocurrency industry.