Shetoshi Kusama Stepping Away from Shibarium Projects due to Misleading Communication with Layer 2 Solution
On March 6, Shetoshi Kusama, the chief developer of Shiba Inu, announced on Twitter that he would no longer pay attention to any projects related to Shibarium,…
On March 6, Shetoshi Kusama, the chief developer of Shiba Inu, announced on Twitter that he would no longer pay attention to any projects related to Shibarium, because the Layer 2 solution was more and more wrongly used to promote these projects. Kusama said that he believed in “DYOR” (doing his own research). Therefore, he stressed that if he happened to mention a project, he hoped that the SHIB community could study one or two, instead of following him blindly.
Shiba Inu Chief Developer: will no longer follow any Shibarium-related projects
Interpretation of the news:
Shetoshi Kusama, the chief developer of Shiba Inu, recently announced on Twitter that he was no longer interested in Shibarium projects due to their misrepresentation of the Layer 2 solution. The layer 2 solution is a scaling solution that aims to increase the transaction speed and reduce the fees on the Ethereum blockchain. However, this technology has been muddled in revealing the true benefits of Shibarium projects.
Kusama has reiterated his belief in “DYOR,” which means to do your research before making any investment. He stresses the importance of the SHIB community to study the projects he mentions carefully, rather than blindly following him. There are several reasons for Kusama’s announcement; one of the most important ones is that he feels that the Shibarium projects are deceiving investors by promoting the Layer 2 solution as a ‘quick fix’ for the Ethereum network.
It is also evident that Kusama feels that he is being misused by the Shibarium projects, which want to benefit from his reputation without providing any substantial backing for their claims. Kusama has made it clear that he is not willing to be associated with any project that misrepresents the Layer 2 solution, as it undermines the SHIB community’s trust in him.
Furthermore, this announcement by Kusama could be seen as a call for the SHIB community to become independent thinkers and make informed decisions about their investments. His tweet emphasizes the need for investors to make a thorough analysis of a project before investing in it. This is especially important today, where there is much hype around decentralized finance (DeFi) and cryptocurrency investing.
In conclusion, Kusama’s announcement has sparked a much-needed discussion around the importance of transparency and ethical practices in blockchain projects. Moreover, his call to the SHIB community to be independent thinkers could lead to better-informed investment decisions and promote transparent behavior within the cryptocurrency space.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/5401/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Bank of Silicon Valley Event Impacts Federal Reserve Interest Rate Expectations
It is reported that the Bank of Silicon Valley event weakened the expectations of the Federal Reserve to raise interest rates, and the December contract of the United States federal funds futures jumped 20 basis points to 95.26. The US dollar index fell 30 points in the short term to 104.03, and the decline of the US dollar against the yen USD/JPY widened to 1%. Spot gold continued to rise, hitting $1890/ounce upwards, rising 1.25% in the day. Nasdaq futures rose to 1%. BTC once exceeded US $22000. The Bank Event in Silicon Valley Weakens the Fed’s Interest Rate Increase Expectation Analysis based on this information:The Bank of Silicon Valley event has had an effect on the expectations of the Federal Reserve to raise interest rates. As per reports, the December contract of the United States federal funds futures raised by 20 basis points to 95.26, indicating that the event has weakened the expectations of a rise in interest rates….
-
Adidas Releases Chapter 1: ALT [er] Ego
According to reports, Indigo Herz, an NFT project under Adidas, stated on Twitter that Chapter 1: ALT [er] Ego has been officially released, with eight different ALT [er] Ego, each
-
Digital Asset Company Paxos Has Over 10 Million Active Digital Wallets Worldwide
According to reports, digital asset company Paxos announced that it has over 10 million active digital wallets worldwide. Paxos issued a statement stating that although market chal
-
OKX Web3 wallet and Web3 credential data network Galxe have reached official cooperation
On April 17th, according to OKXWeb3 Twitter, OKXWeb3 Wallet has reached an official partnership with the Web3 credential data network Galxe, allowing users to connect to OKXWeb3 Wa
-
Understanding the Movement of the Chinese A-Share and Blockchain Market
According to the news, the A-share market closed at 3267.16, down 0.62%, the Shenzhen Composite Index closed at 11787.45, down 0.81%, and the Shenzhen Blockcha…
-
What are Block Producing Nodes
What are block producing nodes? The most common block producing nodes in the bl
-
“Hacker Account Transfers Funds to Tornado Cash”
It is reported that according to CertiK monitoring, the account address (0x35596b) marked by Etherscan as “Dynamic Explorer 2” has transferred the funds to Tornado Cash. This address has been used by hackers for Dynamic attacks. Up to now, 74.4 BNBs (about US $21400) have been transferred from this address. 0x35596b Transferred funds to Tornado Cash Analysis based on this information:According to a report by CertiK monitoring, an account address previously marked by Etherscan as “Dynamic Explorer 2” has transferred funds to Tornado Cash. This account has been known to be used by hackers in dynamic attacks, and so far, a total of 74.4 BNBs (roughly valued at $21400) have been transferred from this address. The transfer of funds to Tornado Cash raises suspicion as the platform is known to be used for obfuscating transaction details, effectively making it difficult to trace the origins of the funds. It is, therefore, highly probable that the hackers are using Tornado Cash to…
-
What is the relationship between Coin Net (latest news from Coin Net)
What is the relationship between Coin Net and Btcwin.com? According to official sources, Coin Net and Btcwin.com are partners. There are several major subsidiaries on Coinwin: first, Singapore Exchange (Bitmex) cooperates with Coinwin International Limited; 2、 Hong Kong virtual asset service provider Coinwell was established; 3、 Tokenlon, a digital currency trading platform under Cointrust, will undergo a global layout It is reported that Coin Net is a virtual asset comprehensive broker registered in the Philippines, headquartered in Indonesia. Currently, its business covers multiple countries such as Southeast Asia and Vietnam, and has multiple compliance licenses. It provides safe and reliable services to millions of users in more than 20 countries, including China Latest News from Coin NetAccording to official news, Coin Net will launch a new brand “dual guarantee system” at 12:00 today, where users can enjoy a series of benefits such as zero management fee and full refund. It is reported that this press conference was sponsored by an…
-
Crypto Trends Report: BNB Chain Addresses Surpasses 28.5 Million
According to reports, Crypto Trends data shows that the total number of addresses on the BNB chain exceeds 28500000.
The total number of addresses on the BNB chain has exceeded 285 -
The Controversial World of NFT Collecting: Understanding Fat Fingers and False Transactions
According to reports, an NFT collector mistakenly purchased a free NFT in the OpenSea market for an astonishing 100 ETH (equivalent to $191239). This mistake sparked controversy am
-
Musk encourages content creators to monetize their content on Twitter
According to reports, Musk tweeted today encouraging content creators to provide subscription content to fans, covering various aspects such as long articles and long videos. They
-
The Need for Cryptocurrency Regulation in Russia: Igor Krasnov’s Proposals
According to reports, Igor Krasnov, the head of the Russian Attorney General\’s Office, stated that encryption service providers should be required to register in Russia, and all tr
-
Why is there no handling fee for trc20 withdrawals (Is trc20 withdrawal fast)?
Why is there no handling fee for trc20 withdrawals Editor\’s note: This article
-
ParagonCoin, a Crypto Startup Backed by The Game, Gets Deregistered by SEC for Failing to Comply with Securities Law
On March 10, it was reported that ParagonCoin, a crypto startup supported by American rapper Jayceon Terrell Taylor (the stage name is The Game), was deregiste…
-
The Lucrative Business of Digital Assets
On March 2, Sam Altman, CEO of OpenAI, said in a social media message that the price of a CryptoPunk # 5822 NFT token last year was 23.7 million dollars, while…
-
Boosting Tokyo Stock Exchange with Blockchain Technology: JPX Invests in BOOSTRY
According to reports, JPX, the operator of the Tokyo Stock Exchange, will acquire a 5% stake in BOOSTRY, a blockchain infrastructure company established by Nomura Securities and No