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A Brief Explanation of Shiba Inu Coin and Its Impact To Dogecoin

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In the cryptocurrency world, there have been many coins that have tried to compete with bitcoin’s market share, but none have gained as much popularity as Dogecoin. It started as a joke on the internet, but it quickly grew into one of the most popular cryptocurrencies online.

Shiba Inu, the newest cryptocurrency on the market, has been called a “Dogecoin killer” ever since it started gaining traction among investors. This nickname is not only inaccurate, but it also misses the bigger picture of what makes Shiba Inu stand above the rest: its focus on ease of use and accessibility.

What is Shiba Inu Coin

Shiba Inu Coin (SIC) is a cryptocurrency used primarily on the Shiba Inu Blog, a website devoted to the Shiba Inu dog breed. It was created when Dogecoin was well-established and it was one of the first crypto coins to be made in the image of an animal. 

SHIB coin can also be used for trading pair with Tether or SHIB USDT along with other pairs such as ETH BTC, DOGE USDT and more.

It originally existed as a fork of Litecoin, and like Litecoin, it has a short block generation time—only 1 minute—which makes for faster transaction speeds than many other coins.

Shiba Inu Coin also uses Scrypt mining just like Litecoin and other popular coins rather than Bitcoins SHA-256 algorithm. It makes mining of Shibas much faster and more stable (not subject to huge spikes in hashing power). It also keeps the coin accessible to normal users who don’t have super-powerful computers like those needed to mine Bitcoins.

Why Shiba Inu Coin is Considered the Dogecoin Killer

One reason why people might think that Shiba Inu Coin is a Dogecoin killer is because it has established a fixed limit on the maximum number of coins that will ever exist. This number remains unchanged as long as the coin exists and there will not be any new coins created when it reaches this limit. 

This means that if you own one Shiba Inu Coin, you could hold onto it forever and never become part of a declining market with falling prices. If there are no new coins created, then there will be no additional supply in the market, which should help to maintain an increase in value over time.

A lot of people are calling Shibe the “Dogecoin Killer”. They say it’s faster and better than Dogecoin, because its new technology called “Techno” can handle more transactions per second than Dogecoin. They say this makes it cheaper to use for microtransactions like buying coffee or tipping someone on the internet for a funny picture or video they posted.

Shiba Inu is called Dogecoin killer because of its much-improved features which will make it a better alternative to Dogecoin.

  1. It will be more secure and reliable than Dogecoin.

Shiba Inu will use a new concept known as the ‘Blockchain 2.0’ to give the users a safe, secure and reliable platform to trade in.

  1. There can be multiple virtual currencies based on Shiba Inu’s Blockchain technology.

This means that if one currency fails or becomes obsolete, there will always be another one for the users to use.

  1. It will have a decentralized nature with no single point of failure and no centralized authority over it. This is also known as ‘decentralized currency’.

Why Is Shiba Inu Coin Better Than Dogecoin?

Shiba Inu is faster than Dogecoin, which means that you can send money more quickly. It’s also more secure and liquid, so if you want to trade your coin for another cryptocurrency, cash out into USD, it’s easier to do that on Shiba Inu than Dogecoin. And there are plenty of other exciting benefits too:

  • An active community of Shibas (that’s what people who love Shiba Inu call themselves)
  • A better ecosystem with all kinds of apps — wallets and exchanges — aimed at making sure Shibas are always safe and secure
  • A better price — the market cap is currently $0.000011 while Dogecoin is still struggling at $0

The Shiba Inu Ecosystem 

SHIB

The Shiba Inu Ecosystem is a platform that allows users to trade, buy and sell anything with the use of Shiba Inus. The ecosystem provides an online wallet service for storing your coins, as well as a mobile app for trading coins on the go. Users can also use their native token (SHIB) to purchase things like food or clothing.

Shiba Inu SHIB

Shiba Inu SHIB is the currency of the Shiba Inu Ecosystem. It can be used to buy and sell products, services, and digital assets in every market on the Internet.

LEASH

LEASH is a decentralized blockchain-based social media platform for Shiba Inu owners. It is an ecosystem that allows Shibas to be rewarded for their content, and allows users to make money by using the Leash token (Leash).

BONE

BONE is a platform for the collection, exchange and trading of dog bones.

This ecosystem serves as the primary means of collecting data on the population dynamics of Shiba Inus (and their owners). The system records every time a bone is collected or exchanged by its owner, which allows us to track how often people are giving away their bones so we can use them later for research purposes.

SHIBASWAP

Shiba Inu Swap is a decentralized exchange for Shiba Inu tokens. It allows users to trade shibas without intermediaries, and it’s also compatible with all ERC20 tokens.

The Shiba Inu swap has an easy-to-use interface that makes it convenient for anyone to trade their shibas without having to worry about learning how to use a complex trading platform. It supports both buy and sell orders as well as limit orders, stop losses and much more.

Shiba Inu Incubator

Shiba Inu Incubator is designed to help new projects launch on the Shiba Inu blockchain. It’s a decentralized incubator that offers funding and mentorship to help new projects get off the ground.

Shibosis

Shibosis is a website that provides shiba inu enthusiasts with everything they need to know about the breed. You can find news and information about the dog, as well as a marketplace for products related to them. The site also provides a forum for shiba owners to connect with each other and share their experiences with the breed.

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