Shiba Inu (SHIB) is a decentralized cryptocurrency created in 2020. It is a meme coin, which means that it is based on a popular internet meme. The Shiba Inu coin is named after the Shiba Inu dog breed, which is native to Japan.
Shiba Inu was created by an anonymous person or group known as Ryoshi. The coin was launched on the Ethereum blockchain and has a total supply of 1 quadrillion SHIB tokens.
Shiba Inu is a deflationary cryptocurrency, which means that the supply of tokens is constantly decreasing. This is because a portion of every SHIB transaction is burned, which means that it is permanently removed from circulation.
Shiba Inu has a large and active community of users and developers. The coin has been listed on a number of major cryptocurrency exchanges and has seen a significant increase in value in recent months.
However, Shiba Inu is a high-risk investment. The coin is volatile and its price can fluctuate wildly. There is also a risk that the project could be abandoned by its developers.
If you are considering investing in Shiba Inu, you should do your own research and understand the risks involved.
what is Ryoshi
Ryoshi is the pseudonymous founder of Shiba Inu (SHIB). Little is known about Ryoshi, other than that they are a fan of the Shiba Inu dog breed and that they believe in the power of decentralization.
Ryoshi created SHIB in August 2020 as a joke, but the coin quickly gained popularity and became one of the most valuable cryptocurrencies in the world. In May 2021, Ryoshi donated 50% of the SHIB supply to Ethereum co-founder Vitalik Buterin, who burned 90% of the tokens.
Ryoshi has since stepped back from the SHIB project and has not been active on social media since May 2021. However, the SHIB community remains active and has continued to grow in size.
Ryoshi is a mysterious figure, but they have had a major impact on the cryptocurrency world. SHIB is one of the most popular cryptocurrencies in the world and has helped to raise awareness of the potential of decentralized finance.