Shiba Inu plans major community control shift by end of 2024
Shiba Inu (CRYPTO:SHIB) is set to undergo significant changes with key amendments planned by the end of 2024.
SHIB, the second-largest meme coin, was initially created by an anonymous entity under the pseudonym "Ryoshi."
Over time, leadership transitioned to another anonymous developer known as Shytoshi Kusama.
Recently, Kusama emphasised the importance of SHIB’s community over individual leaders, maintaining anonymity to reinforce this principle.
In a recent interview, Kusama reiterated that the strength of SHIB lies not in any one person but in its dedicated community.
The decision to remain anonymous and keep their face hidden aligns with the belief that the project’s success is driven by its broad base of supporters rather than by its leaders.
Kusama stated, "There’s no need for my face to become a public figure. Let the mask remain famous. The power of SHIB is not because of me or Kaal, it is because of the community."
Kaal Dhairya, another key figure in SHIB's development, shared similar sentiments, noting that anonymity allows for genuine feedback from the community.
Looking ahead, the developers plan to transfer control of SHIB to its community by the end of 2024.
This move aims to enhance decentralisation and empower the SHIB Army—referring to SHIB investors and supporters—by giving them more influence over the project’s direction.
The shift is intended to deepen SHIB’s decentralisation, although the degree of active community involvement will determine how effectively decisions are made.
The goal is not to abandon the project but to strengthen the role of its community in shaping its future.
At the time of reporting, the Shiba Inu price is $0.00001367.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Chair Gary Gensler Gives First Sign He May Resign – Has He Made His Final Announcement?
SEC Chairman Gary Gensler, who is disliked by the cryptocurrency world, gave the first signal that he may resign.
BREAKING: 18 States in the US Sue the SEC and Chair Gary Gensler for Cryptocurrency Actions
Donald Trump's Altcoin Project Partners With A New Altcoin!
World Liberty Financial (WLFI), the new decentralized finance (DeFi) protocol backed by Donald Trump and his family, has partnered with Chainlink (LINK).
Franklin Templeton, Who Manages $1.5 Trillion, Will Also Make His Cryptocurrency Fund Available on a Giant Altcoin Network!
Franklin Templeton U.S. Government OnChain has extended the U.S. Government Money Market Fund (FOBXX) to the Ethereum blockchain.