Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Buterin made sizable donations to a range of charities on Wednesday afternoon, after selling large amounts of dog-themed meme cryptocurrencies given to Buterin by their developers.

Ethereum's Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities

Ethereum creator Vitalik Buterin has sold a range of dog-themed tokens he was given for free, swapping them for more ether. The post Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu appeared first on The Block.

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Dogecoin may be the leader of the meme coin pack, but there's another dog coin nipping at its heels. Learn about this surging Ethereum-based token.

What Is Shiba Inu (SHIB) and Why Is the Dogecoin Rival's Price Exploding?

While dogecoin got name-dropped on Saturday Night Live last weekend, another dog-themed cryptocurrency is making the waves this week. The post Shiba Inu token holder turns $17 into $5.9 million appeared first on The Block.

Shiba Inu token holder turns $17 into $5.9 million

Another dog-related crypto asset is surging and printing massive gains on the tail of the Dogecoin (DOGE) mania. Shiba Inu (SHIB), a meme coin minted in a similar spirit as DOGE, is up over nearly 700% in the past seven days and nearly 1,000% in the past 14 days, according to CoinGecko. SHIB is a […] The post Dog-Inspired Crypto Quietly Triggers 700% Rally in Just One Week appeared first on The Daily Hodl.

Dog-Inspired Crypto Quietly Triggers 700% Rally in Just One Week

Shiba Inu, an Ethereum based Dogecoin ripoff, has been listed in two important cryptocurrency exchanges today, Binance and FTX, after the price skyrocketed more than 1500% during last week. Binance has faced stiff criticism for listing Shiba Inu due to its origin, but their systems are now overwhelmed with inflows coming with this currency. Shiba […]

Shiba Inu Gets Listed in Binance and FTX After Price Skyrockets

Demand for a new Ethereum-based meme coin is through the roof. But investors have been warned.

Binance Lists Dogecoin Rival SHIB, But CEO CZ Warns It Is 'Super High Risk'

Dogecoin (DOGE) copycats are printing astronomical gains in the last 24 hours as traders embrace the crypto meme tidal wave. Decentralized exchange (DEX) data analysis platform DEXTools reveals that the hottest coins traded on Uniswap at time of writing are Dogecoin imitators. At the top of the list is Shiba Inu (SHIB), a coin that […] The post Dogecoin Imitators Explode As Traders Ride Crypto Meme Tidal Wave appeared first on The Daily Hodl.

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