In 2011, the Shiba Inu coin was released as a meme token, which sparked its popularity. The founder of the coin was Ryoshi, not his real name. Shiba Inu is a meme dog that has been spreading across the internet, just as Dogecoin does. In addition, it became known as the Dogecoin killer for its name.

As described in Shiba Inu's white paper or whitepaper, the token is a community-based cryptocurrency project. According to this definition, ShibArmy is responsible for the cryptocurrency's development and management. Readers can observe, however, that this is not unique at all, which is also true. There are also other decentralized communities that manage cryptocurrencies. Shiba Inu's white paper tries to show it as unique, but it is no different from other projects.

Even though Shiba Inu has been compared to Dogecoin, there are major differences between it and Dogecoin. Since Shiba Inu is built on the Ethereum blockchain, it can run smart contracts. With the help of smart contracts, Shiba Inu can connect to decentralized applications. Dogecoin, on the other hand, does not have this capability. Simply put, it has limitations in what it can do.

Website https://shibatoken.com

Shiba Inu coin is a cryptocurrency inspired by the popular "Doge" meme and named after the Japanese dog breed. It was created in August 2020 as an experiment in decentralized community building. Shiba Inu coin gained attention for its mascot, a Shiba Inu dog, and its low price, making it accessible to retail investors. However, it's considered a highly speculative investment due to its extreme volatility and lack of utility beyond speculative trading. Despite this, it has garnered a sizable following on social media platforms like Reddit and Twitter, attracting traders drawn to its potential for rapid price movements.

https://shibatoken.com