Shib Army News: New Shib Blog By Shytoshi Kusama – Decentralization, Bone Contract To Be Renounced, Shibarium & The Future

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In a riveting blog post that resonated with the transformative power of ‘decentralization,’ Shytoshi Kusama, a visionary figure in the world of cryptocurrencies, unveiled a compelling narrative that transcends the arcane circles of computer science and embraces the ethos of the digital revolution.

With passion and conviction, Kusama painted a vivid vision of a world where power is not concentrated but shared, where innovation is driven by the collective force of the community. However, amidst the soaring aspirations, Kusama posed a thought-provoking question – have we truly grasped the essence of decentralization?

To explore the essence of decentralization, Kusama took the readers on a journey. The first part of the blog touched on the birth of Bitcoin, a radical challenge to centralized monetary systems. Bitcoin emerged as a beacon of hope, illuminating the path toward a future where financial transactions could flow freely, unhampered by intermediaries. It was undoubtedly a revolution, but Kusama reminded everyone that it was merely the beginning of a grand symphony.

Kusama then dove into the rise of Ethereum, a platform that expanded the capabilities of blockchain technology beyond simple transactions, ushering in a new era of decentralized applications (DApps).

SHIB was then created, an embodiment of the true spirit of decentralization. Born from an anonymous experiment, SHIB defied all odds to claim a spot among the top 20 cryptocurrencies, a testament to the indomitable power of community and decentralization.

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With a rallying cry of #SHIBARMY, Kusama galvanized the readers towards the next paradigm shift, a new era characterized by even more groundbreaking advancements. Among the imminent developments, the launch of Shibarium, their own Layer 2 blockchain, stood tall, promising to revolutionize the landscape even further.

“We will MINT THE REMAINING SUPPLY OF BONE and RENOUNCE THE BONE CONTRACT..” @ShytoshiKusama from the latest blog. pic.twitter.com/Kl8CKtiFrB

— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) July 31, 2023

Kusama revealed a strategic move that would cement SHIB’s position as a trailblazer in the decentralized space. They would “MINT THE REMAINING SUPPLY OF BONE and RENOUNCE THE BONE CONTRACT,” thereby preventing any further minting. This crucial step was deemed necessary to initiate their blockchain, as a substantial portion of BONE was earmarked for the first role in their upcoming system – the VALIDATORS. Beyond that, BONE would serve as a versatile token, granting rewards to DELEGATORS, acting as the GAS TOKEN FOR SHIBARIUM, and playing a vital role in technological GOVERNANCE within the new system.

While emphasizing the significance of decentralization, Kusama urged the audience not to merely follow the well-trodden path, but to embark on an audacious journey to reshape the world’s destiny. A destiny that transcends limitations and opens up a universe painted with the vibrant hues of infinite possibilities.

Read the entire Blog by Shytoshi at https://blog.shib.io/bone-the-passport/