Shib Name Service: Unlocking Your Full Potential by Asserting Your Digital Identity
The Shiba Inu ecosystem has introduced the Shib Name Service (SNS), a groundbreaking development that aims to make cryptocurrency interactions more user-friendly and empower users with decentralised identification and communication tools.
Launched on the Shibarium blockchain on October 31, 2023, SNS functions as a decentralised naming system, replacing lengthy, complex cryptocurrency wallet addresses with short, memorable names. This simplification streamlines token transfers and user interactions on the blockchain.
SNS is not just a tool for simplifying wallet addresses; it is part of a broader digital identity system integrated with Shib Identity. The focus is on user data sovereignty and privacy protection using advanced cryptographic methods such as Fully Homomorphic Encryption (FHE). This ensures secure processing of encrypted data without exposing user information, providing resilience to current and future quantum computing threats.
The Shiba Inu team envisions expanding SNS's utility beyond crypto wallets by bridging it with traditional internet domains (*.shib), subject to ICANN approval. This integration would connect crypto-native identities with mainstream web services, forming a unified identity layer across Web3 and traditional internet environments.
In addition to these benefits, the Shib Name Service offers user-friendly, memorable names that simplify blockchain interactions, enhanced user empowerment through decentralised identity management and communication, strong privacy and security via cutting-edge encryption protecting user data, and expansion into broader digital identity use cases linking crypto and web2 domains for seamless cross-platform identity.
The financial layer of Shib Name Service is powered by the Doma Protocol, which is set to launch in Q3 2025. With the Doma Protocol, .our website names can be leased for income, used as collateral, shared ownership, and used across multiple blockchains.
Your .our website name serves as an access point to Shibdentity, a decentralised identity system within the Shiba Inu ecosystem. By claiming a .our website name, you unlock features like verifiable credentials, private logins, future smart wallets, and encrypted peer-to-peer messaging. Claiming a .our website name can help shape the future, acting as a simple, human-readable way to send and receive crypto, and as the foundation for Shibdentity.
The Shib Name Service, DomainFi, and the Doma Protocol are part of the Shiba Inu ecosystem's effort to make crypto personal, practical, and fun. However, it is essential to note that these developments are not financial advice, and readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
SNS version 1.1 was launched in March 2024, bringing enhanced interoperability, a snapshot for existing holders, and stronger roots for future features. The community-first naming layer is designed for the Shibarium network, and with the upcoming Doma Protocol launch, it is set to become an official top-level domain (TLD), similar to .com, .org, or .net.
As the Shiba Inu ecosystem continues to evolve, the Shib Name Service, DomainFi, and the Doma Protocol are key components in creating a full-stack, privacy-focused identity and naming infrastructure that enhances user experience and security on Shibarium and beyond.
The Shib Name Service (SNS) has integrated with data-and-cloud-computing technologies to ensure secure processing of encrypted data, utilizing advanced methods like Fully Homomorphic Encryption (FHE). This technology, part of the broader Shib Identity system, offers data sovereignty and privacy protection for users.
The Shiba Inu team's future plans involve bridging SNS with traditional internet domains, aiming to connect crypto-native identities with mainstream web services, creating a unified identity layer across Web3 and traditional internet environments, and expanding potential usage beyond crypto wallets.
