SHIBA INU

Shiba Inu is a decentralized cryptocurrency, started in 2020 by an enigmatic entity known as Ryoshi. Compatible with the Ethereum network, SHIB, pronounced “Shi-iib”, is an ERC-20 token You can use SHIB to trade and stake digital currencies, as well as participate in the Ethereum network. Shiba Inu’s ecosystem is powered by technology called smart contracts.

A smart contract is a digital agreement written in computer code that lives on Shiba Inu's blockchain. It automatically does something when certain conditions are met. For example, if you send me 1 SHIB, the smart contract instantly sends you a digital artwork that I created. No human needs to be there to make it work, the smart contract follows the rules it was programmed with.

The Ethereum blockchain network that the SHIB token is compatible with is a huge, secure, evergrowing ledger of smart contract transactions, which everyone can see, and is immutable. Once a traditional smart contract is created, it can't be altered. These types of smart contracts will always follow the original rules that they were programmed with. Upgradable smart contracts allow for changes to be made, adapting to new requirements, or fixing bugs.

Today, decentralized finance (DeFi) dapps are the most popular use for SHIB. Named after the beloved Japanese dog breed, SHIB token owners are typically community-driven, memecoin traders.