Shiba Inu is a decentralized cryptocurrency that was created as a parody of Dogecoin. It was created with the intention of being a meme coin, but it has since grown to become a popular altcoin. Shiba Inu has a total supply of 1 quadrillion coins and a circulating supply of just over 10 billion. The coin is not mined, but rather minted through a process known as “burning.
” When someone burns Shiba Inu, they send the coin to a dead address that can never be used again. This reduces the total supply of Shiba Inu and gives each coin that is remaining more value.
The Shiba Inu team has created a number of applications and services that are built on top of the Ethereum blockchain. These include Dogethereum, an ERC-20 token that allows users to send and receive Shiba Inu on the Ethereum network.
The team has also created a decentralized exchange called ShibaSwap, which allows users to trade Shiba Inu and other Ethereum-based tokens.
Shiba Inu is an Ethereum-based cryptocurrency that was created as a parody of Dogecoin.
Shiba Inu is heavily reliant on the Ethereum network and its ecosystem of applications and services. Without Ethereum, Shiba Inu would not exist.