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A digital currency, coin, or crypto is a digital money designed to function as an means of exchange through a digital network that is not dependent on any main authority, such as a government or financial institution, to uphold or maintain it
A digital currency is a digital money that is protected by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a spread out ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are usually not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 “Shiboshi” NFTs, and an NFT game Shiboshi Game.
Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity, and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.
#Shiba #ShibaInu #SHIB #crypto #cryptocurrency
This post was originally published on Smell The Musk
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