Coins & Tokens
Shiba
Shiba Inu currency (SHIB) is an Ethereum-based ERC-20 token that has grown in popularity this year, owing to its dog-themed environment, retail investor speculation on its price, and active community interaction. For example, the official Shiba Twitter account has over 2.3 million followers, which is more than major crypto firms like Cardano, Kraken, and Solana.
What is Shiba?
The notorious dogecoin cryptocurrency was inspired by the Japanese breed of dog that sparked a viral meme trend in 2013 and led to the formation of the digital asset. Shiba Inu and dogecoin, as well as a slew of other pet-themed digital assets, have been known as "meme coins" in the market.
What is the difference between Shiba and Dogecoin?
While Shiba Inu was initially marketed as a Dogecoin alternative, it differs significantly. Shiba Inu is a smart contract platform built on the Ethereum (CRYPTO:ETH) network. Shiba Inu can interact with decentralized applications using smart contracts. Dogecoin, on the other hand, lacks this functionality, limiting its capabilities significantly.
How does Shiba work?
Shiba Inu has evolved into a number of tokens that are essential to the cryptocurrency ecosystem's operation:
SHIB: The Shiba Inu coin's basic money, which may be traded and utilized as a medium of exchange.
Leash: This Shiba Inu-related token is limited to 107,646 units, making it the most limited Shiba Inu-related coin. It rewards those who verify cryptocurrency exchanges with staking bonuses.
Bone: This token has a supply of 250 million units and is used to allow Shiba Inu users to vote on a variety of proposals.
What are the features of Shiba?
Shiba Inu also contains other community features, such as ShibaSwap, a decentralized trading platform, and Shiboshis, a non-fungible token (NFT). The cryptocurrency's ecosystem, including the cryptocurrency's white paper dubbed "WoofPaper by the Investors," continues to interpret its canine-themed coin. Meanwhile, it refers to the coin's "Shib Army" as those who recognize and support it.
Website
Visit the official cryptocurrency website. It contains detailed valuable information about the coin and the project. You'll also find answers to frequently asked questions, various support and training tools, or interesting coin news and articles.
WhitePaper
WhitePaper is a basic informative document that contains a detailed description of a crypto project, its purpose, the idea of its creation, technical specifications, statistics, diagrams, roadmap, and other important facts, including information about the coin and its use and future potential. It is usually created by the founders or developers of a crypto project.
At OneCrypto, we have decided to present you current topics of the crypto world via the YouTube channel Whiteboard Crypto.
At OneCrypto, we have decided to present you current topics of the crypto world via the YouTube channel Hone Crypto.
