Shiba Inu teams up with Zama to boost Shibarium security

Shiba Inu (CRYPTO:SHIB) has entered into a new partnership with cryptography firm Zama to enhance the security and privacy of its Shibarium layer-2 network.

The collaboration will integrate Fully Homomorphic Encryption (FHE) technology, which allows data privacy to be maintained during blockchain transactions and smart contract execution.

This advancement aims to secure sensitive information such as financial data and NFT identities without exposing it on the blockchain.

LUCIE, the marketing strategist for Shibarium, revealed the partnership on X (formerly Twitter), explaining the potential of FHE to strengthen the ecosystem’s privacy and governance frameworks.

According to LUCIE, this partnership opens the door to various new use cases for Shibarium, including projects like Treat and Bone.

"Although FHE is still evolving, its potential is substantial, and the research community is actively working to overcome the challenges associated with it," LUCIE noted.

While this collaboration is seen as a step forward in securing the Shiba Inu ecosystem, SHIB’s price has declined by more than 6% over the last 24 hours, making it the worst performer in that time frame.

Despite the recent dip, SHIB has maintained positive momentum over the past two weeks, thanks to recent rallies that saw its market cap temporarily exceed $12.5 billion.

Shiba Inu supporters are optimistic that the Zama partnership could eventually propel the coin’s value.

However, some have raised concerns about whether this development will truly enhance the security of Shibarium.

LUCIE addressed these concerns by affirming that Shibarium will have more options for security and that FHE will be implemented as an L3 layer.

Currently, SHIB’s market cap stands at approximately $10.8 billion, positioning it as the 14th-largest cryptocurrency despite the recent downturn.

At the time of reporting, the Shiba Inu price was $0.00001815.