- Shiba Inu has launched the Karma system on Shibarium, a gamified reputation-based rewards program that tracks and rewards user activity.
- Powered by smart contracts and Decentralized Identifiers (DIDs), it enhances security and gives users control over their digital identities.
Shiba Inu is taking the blockchain world by storm with its latest innovation on the Shibarium network – the launch of Karma, a reputation-based reward system that’s designed to gamify user engagement. This exciting update, now live on Puppynet, the test network for Shibarium, offers a unique way to incentivize user activity, while enhancing security and privacy through self-sovereign identities (DIDs).
Also read: Massive Bot Spam Targets Bitcoin Mailing List, Temporarily Shuts Down Key Communication Channel
The Karma system operates on smart contracts that track and reward users based on their activities within the Shiba Inu ecosystem. This gamified approach not only rewards engagement but also provides users with a sense of accomplishment as they collect karma points. At the core of this system are two essential smart contracts – KarmaStorage and KarmaLogic. KarmaStorage serves as the ledger, recording each user’s actions, while KarmaLogic calculates the corresponding karma points, turning every action into a meaningful reward.
A standout feature of Shiba Inu’s blockchain solution is its use of DIDs or Decentralized Identifiers, which grant users full control over their digital identities and personal data. This system, a key element of Self-Sovereign Identity (SSI), offers users increased privacy, portability, security, and compliance. With this, Shiba Inu continues to prioritize self-custody, ensuring that users are in control of their data, not a third party.
The process is straightforward. For example, when a user swaps Shiba Inu tokens on Shibaswap, the transaction is detected by an off-chain service, which sends the details to the appropriate smart contract. From there, karma points are calculated and displayed, offering users instant feedback on their engagement. This level of interactivity adds a fun layer to the Shiba Inu experience, making blockchain activity feel like a game where users are rewarded for their actions.
As the Shiba Inu ecosystem grows, the Karma system is set to transform how users engage with the network, making it more interactive, rewarding, and secure. With this innovation, Shiba Inu is not just revolutionizing altcoins; it’s shaping the future of decentralized networks.
