According to the latest news, the next 2 updates turns Shiba Inu into privacy coin:
- The non-custodial privacy dApp Bermuda announced support for Shiba Inu (SHIB) allowing its users to conduct anonymous transactions.
- The Shiba Inu ecosystem continues to expand as the community eagerly awaits the launch of the Layer-2 Shibarium protocol.
Is it on the whole possible to turn a regular coin into privacy one? And does that mean that its rate will now start growing?
I don't think it will be competitive with 0xMonero and their off-chain solution 0xTIP. There is always the risk with on-chain privacy solutions that they are backdoored or that quantum computing will expose transactions in the future. That's not the case with off chain solutions.