In the last few weeks, it seems that all cryptocurrency investors are talking about the Shiba Inu token (SHIBA). This is an upcoming cryptocurrency which was released on June 26th 2019, and it has quickly risen to fame among crypto traders. Although this project has not yet registered itself firmly in the market, there are already many rumors circulating in the crypto community about its future performance.
The Shiba Inu token (SHIBA) is not only one of the most popular altcoins on the market today, but it seems to completely change the financial industry. The blockchain project claims to be much faster and cheaper than Bitcoin or Ethereum, which currently have a network congestion problem. The coin runs on a modified version of the ERC20 protocol, which is already widely used in other cryptos.
Shiba Inu is a new cryptocurrency that has captured the attention of many interested people, including investors. The name Shiba Inu comes from a popular dog breed called Shiba Inu, which has a lot in common with cryptocurrencies. Although it hasn’t yet had much success on the market, its brand could be used as an example for other cryptos and blockchain projects to follow.
SHIBA (SHIBA) is a new cryptocurrency that was launched in late January 2018. It uses the same technology as Dogecoin, but differs from this popular altcoin by the use of ERC20 smart contracts. From our point of view, SHIBA cannot be considered a competitor to Bitcoin because their main intention is to create a platform verifying the transactions made on it.
Instead of addressing the basic question about what Shiba Inu is, we look deeper into the project and try to figure out why this cryptocurrency was called 'the Dogecoin killer'. We also analyse its current position in the market and discuss the future plan of developers.
SHIBA is an open source, grassroots cryptocurrency built on Ethereum. SHIBA’s goal is to become a decentralized and censorship-resistant payment network allowing complete financial autonomy to its users. SHIBA also offers a method of creating new cryptocurrencies through Sidechains that then inherit all the features of other currencies when they go down in price. This approach enables 99.9% of users to enjoy censorship-defiant code and interoperability between multiple platforms.
