As the frequency of phishing crypto hacks and scams continues to rise, cryptocurrency enthusiasts are actively seeking safer custody options. Cold storage wallets have emerged as a reliable solution, enabling the offline storage of cryptocurrencies and reducing the risk of online hackers stealing funds.
Recent discussions on Discord have shed light on an upcoming cold storage solution specifically tailored for Shiba Inu (SHIB). This solution, known as Shibarium, operates as a Layer-2 protocol and utilizes Bone ShibaSwap (BONE) as the token for gas fees and governance. This exciting development implies that both Shiba Inu and Bone ShibaSwap can be securely stored offline on a physical device, safeguarded by private keys.
Earlier this year, Ledger, a prominent manufacturer of cold wallet storage, announced its support for Shiba Inu’s Layer-2 Shibarium. Additionally, Atomic Wallet, another reputable cold storage solution provider, pledged compatibility with Shibarium. However, the Shibarium development team is determined to create an offline cold storage solution specifically designed by and for Shiba Inu enthusiasts.
By introducing Shibarium L2 cold wallets, developers aim to offer a robust and secure storage method that aligns with the needs and preferences of Shiba Inu’s dedicated community. As the demand for reliable cryptocurrency custody solutions continues to grow, this development brings a promising step forward in protecting digital assets from potential threats.