Shiba Inu (SHIB) is a decentralised cryptocurrency that operates on the Ethereum blockchain. It was created as an experiment in decentralised community building and features the Shiba Inu dog breed as its mascot.
Shiba Inu operates on the Ethereum blockchain as an ERC-20 token. Currently, it uses the Proof of Work (PoW) consensus mechanism, but it is expected to transition to Proof of Stake (PoS) with Ethereum's upgrade. It leverages smart contracts for decentralised finance products and is part of the broader Shiba Inu ecosystem, which includes the ShibaSwap decentralised exchange.
Shiba Inu's use cases include serving as a decentralised meme token, acting as a medium of exchange within its ecosystem (such as ShibaSwap), and being used for transactions by merchants who accept SHIB. It also serves as an investment asset and is utilised in real-world applications like travel bookings and donations, among other uses.
Shiba Inu was created in August 2020 by an anonymous individual or group called "Ryoshi." Inspired by Dogecoin, it aimed to construct a community-driven meme token. It gained significant attention with Vitalik Buterin's donation of SHIB for COVID-19 relief. The ecosystem has expanded with ShibaSwap and other tokens like LEASH and BONE, as well as developments like Shibarium, a layer two blockchain solution.
The Shiba Inu price is $0.00004451 AUD, representing a -1.78% from the day prior.
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The trading volume of Shiba Inu (SHIB) is $2.4B AUD in the last 24hrs, representing a -1.78% from the day prior.
Shiba Inu (SHIB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Shiba Inu (SHIB) is $25.8B AUD.
Yes - With Coinstash you can convert your Shiba Inu (SHIB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Shiba Inu (SHIB) is 589.3T.
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