Shiba Inu Lead Dev Proposes To Establish The ‘Silicon Valley Of Crypto’

Quick Summary:

Shytoshi Kusama, the lead developer of Shiba Inu, has unveiled an ambitious proposal to establish a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in a United States city aka the "The Silicon Valley of Crypto.

Kusama suggests offering “competitive tax breaks, including reduced corporate tax rates, R&D tax credits, and sales tax exemptions for technology equipment.

Digital infrastructure includes the deployment of ultra-high-speed broadband networks and the implementation of city-wide blockchain networks like Shibarium.“Implement Shibarium (and other partner systems) as a city-wide blockchain network for testing and deploying applications.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryCubaUnited States

Topics: Shytoshi Kusama SHIB news SHIB price Shiba Inu Shib Silicon Valley Of Crypto Shiba Inu price Shiba Inu news Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 12:00:12 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23429991

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Main Topics: Crypto

Official Website: bitcoinist.com

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News Last Updated: 13 hours ago

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