Shiba Inu Lead Developer Shytoshi Kusama Plans Year-End Departure to Achieve Network Decentralization

• Shiba Inu’s lead developers plan to step down by year-end to fully decentralize the network, putting future control in the community’s hands.
• Kusama emphasizes the project’s success hinges on its community, with the transition aiming to deepen community-driven governance.

In line with CNF’s recent update on the Strategic Bet on SHIB’s Future, the lead developers of Shiba Inu, Shytoshi Kusama and Kaal Dhairya, have announced plans to transfer control of the project to its community by the end of the year, aligning with the original vision of the founder, Ryoshi. This move aims to achieve “true decentralization” and empower the community to guide the project’s future.

In a profound statement, Shytoshi Kusama highlighted this aspect, saying:

The genius of Shib is the power of the community.

Emphasizing the role of the community, Kusama further stressed that the Shiba Inu project is special because:

It is because of the community. And that is what is most important—the technology to take Web2 to Web3, and the brand of a very special dog breed that has gone viral many times as a meme.

Kusama and Dhairya, who have remained anonymous throughout their leadership in the cryptocurrency, emphasize that the strength of Shiba Inu lies in its community. Their departure is intended to foster greater community involvement in governance and the technological evolution of the project, marking a significant shift towards a decentralized model.

Furthermore, a CNF post highlighted that an analyst has predicted Shiba Inu could embark on a 354% surge to trade at $0.000081 in the near term. As of now, Shiba Inu (SHIB) is trading at $0.00001387, having surged by 6.38% within the last 24 hours and 2.09% in the past week. See the SHIB Price chart below.