{"id":13001,"date":"2021-11-05T22:43:00","date_gmt":"2021-11-05T22:43:00","guid":{"rendered":"https:\/\/thebluemanakin.com\/blog\/get-to-know-a-little-about-shiba-inu-the-cryptocurrency-of-the-moment\/"},"modified":"2022-06-28T03:27:00","modified_gmt":"2022-06-28T03:27:00","slug":"get-to-know-a-little-about-shiba-inu-the-cryptocurrency-of-the-moment","status":"publish","type":"post","link":"https:\/\/thebluemanakin.com\/en\/blog\/get-to-know-a-little-about-shiba-inu-the-cryptocurrency-of-the-moment\/","title":{"rendered":"Get to know a little about Shiba Inu, the cryptocurrency of the moment."},"content":{"rendered":"<p>Like bitcoin,&nbsp;<strong>Shiba Inu&nbsp;<\/strong>(SHIB) is a decentralized cryptocurrency; Created in August 2020 by the anonymous collective called Ryoshi, this cryptocoin promotes itself as a &#8220;dogecoin killer.&#8221; But what is this altcoin that has grown to&nbsp;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-01\/shiba-inu-passes-dogecoin-as-top-dog-in-cryptocurrency\" target=\"_self\" rel=\"noreferrer noopener\"><strong>position 10 in the world ranking about?<\/strong><\/a><\/p><p>This cryptocurrency is based on the&nbsp;Ethereum blockchain, with the image of the Japanese hunting dog&nbsp;<em>Shiba Inu<\/em>, perhaps because of its startup motto, it is considered an important alternative to dogecoin, created respectively in 2013. This year,&nbsp;<strong><a href=\"https:\/\/www.coinbase.com\/es\/price\/shiba-inu\" target=\"_self\" rel=\"noreferrer noopener\">Shiba Inu multiplied its value by more of 1000%<\/a><\/strong>, which is equivalent to a capitalization of 35 billion dollars.<\/p><p>This stratospheric impulse is explained by something simple, but it makes a difference that everyone has taken note of. On October 4, Tesla founder Elon Musk tweeted a photo with his new pet, a&nbsp;shiba inu puppy. &#8220;Floki&#8221;. After this, the cryptocurrency&nbsp;<em>Shiba Inu went to heaven and in a few days, it was placed almost at par with Dogecoin<\/em>.<\/p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"525\" data-dnt=\"true\"><p lang=\"de\" dir=\"ltr\">Floki Frunkpuppy <a href=\"https:\/\/t.co\/xAr8T0Jfdf\">pic.twitter.com\/xAr8T0Jfdf<\/a><\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1444840184500129797?ref_src=twsrc%5Etfw\">October 4, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><figcaption>El pol\u00e9mico Tweet de Elon Musk que impuls\u00f3 a $SHIB<\/figcaption><\/figure><p>What until recently had been a little-known&nbsp;crypto meme, was placed on the cryptocurrency scene with a currency that today rubs shoulders with the most influential in the world.<\/p><p>But&nbsp;<strong>what does Shiba Inu consist of?<\/strong>&nbsp;Is it more than just a crypto meme? Is there something of value in it?<\/p><h2 class=\"wp-block-heading\">What is Shiba Inu about?<\/h2><p>There is a document called&nbsp;<a href=\"https:\/\/news.bit2me.com\/wp-content\/uploads\/2021\/05\/SHIBAINU_Ecosystem_WOOF_Paper.pdf\" target=\"_self\" rel=\"noreferrer noopener\">woof Paper 3<\/a>&nbsp;, posted on shivatoken.com, detailing the guiding principles of the&nbsp;<strong>shiba inu ecosystem<\/strong>.<\/p><p>The founding premise of Shiba Inu is based on the question: What would happen if a cryptocurrency project was 100% run by its community? According to its&nbsp;<strong>Ryoshi<\/strong>&nbsp;creators, collective decentralization endows a power and strength that a centralized body could never obtain.<\/p><p>The&nbsp;<strong>creation of Shiba Inu is based on Ethereum<\/strong>&nbsp;and is hosted on this blockchain. Ryoshi claims that he decided to build the ecosystem on this blockchain for its stability and the project&#8217;s ability to remain decentralized. The Shiba Inu ecosystem consists of the following tokens:<\/p><ul class=\"wp-block-list\"><li><strong>Shiba Inu (SHIH)<\/strong>: This is the coin of the project that started with a supply of a quadrillion, of which Ryoshi blocked 50% and sent the other 50% to the co-founder of ethereum.<\/li><li><strong>Leash<\/strong>: It is the second token of the Shiba Inu ecosystem, it has a supply of 107,646 tokens.<\/li><li><strong>Bone<\/strong>: It is designed as a token that will allow the Shiva Army to vote on the next proposals. It has a total of 250,000,000 tokens.<\/li><\/ul><figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i.insider.com\/615b116c542a580019a89f58?format=jpeg\" alt=\"Shiba inu forma parte de las 10 criptomonedas m\u00e1s importantes de 2021\"\/><figcaption>Shiba Inu, called &#8220;the Dogecoin Killer&#8221;<\/figcaption><\/figure><p>The&nbsp;<strong>Shiba ecosystem<\/strong>&nbsp;also includes:<\/p><p><strong>Shiva Swap<\/strong>: This is a DeFi platform whose objective is to provide a secure and decentralized place of commerce. SHIV and LEASH are traded within Shiva Swap.<\/p><p><strong>Shiba Inu Incubator<\/strong>: It is a platform that has the purpose of gestating from a new concept, the creation of art, granting creatives greater credit.<\/p><p><strong>Shiboshis<\/strong>: It is a collection of 10,000 NFT pieces created by shiba inu and created in ethereum.<\/p><h3 class=\"wp-block-heading\">What&#8217;s next for Shiba INU?<\/h3><p>The exponential growth of&nbsp;<strong>SHiba Inu in recent days<\/strong>&nbsp;has raised this currency to a surprisingly high level, among the 10 most valuable digital assets on the market, at times surpassing the main of its rivals,&nbsp;<strong><a href=\"https:\/\/twitter.com\/dogecoin\" target=\"_self\" rel=\"noreferrer noopener\">DOGECOIN<\/a><\/strong>. It seems that eventually the &#8220;Dogecoin killers&#8221; rallying cry comes close to being real.<\/p><p>Although the&nbsp;<em>near future of Shiba Inu<\/em>&nbsp;is difficult or impossible to determine, this Alt Coin is much more complex than a simple Meme Coin, and that the team behind it has developed a whole complex ecosystem that will allow, once float, that the Shiba Inu is a solid project and one in which to keep the attention.<\/p><p>As postulated in its &#8220;Woof Paper&#8221; the token started in 2020 by a collective called Ryoshi extensively describes the operation of Shiba and its resources. A curious fact is that its rise is like the one that&nbsp;Dogecoin&nbsp;had in the spring. When it went from 5 to 57 cents between April and May.<\/p><p>Shiba Inu is undoubtedly one of the&nbsp;<strong><a href=\"https:\/\/thebluemanakin.com\/blog\/invertir-en-altcoins\/\" target=\"_self\" rel=\"noreferrer noopener\">altcoins<\/a><\/strong><a href=\"https:\/\/thebluemanakin.com\/blog\/invertir-en-altcoins\/\" target=\"_self\" rel=\"noreferrer noopener\">&nbsp;<\/a>that has surprised the most this fall, and of course it will continue to be a broad topic of analysis and conversation in the future.<\/p>","protected":false},"excerpt":{"rendered":"<p>This year, Shiba inu multiplied its value by more than 1000%, which is equivalent to a capitalization of 35 billion dollars.<\/p>\n","protected":false},"author":6,"featured_media":10185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"ep_exclude_from_search":false,"footnotes":""},"categories":[474,369],"tags":[487,513,512,511,514],"class_list":["post-13001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-our-blog-en","tag-bitcoin-en","tag-ryoshi-en","tag-shib-en","tag-shiba-inu-en","tag-shiva-swap-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Get to know a little about Shiba Inu, the cryptocurrency of the moment. | Blue Manakin<\/title>\n<meta name=\"description\" content=\"This year, Shiba inu multiplied its value by more than 1000%, which is equivalent to a capitalization of 35 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