The woofpaper also delves into why SHIB runs on Ethereum, explaining that it is a secure, well-established blockchain that lets SHIB remain independent of moderating forces. "A community-run token is nothing without the united individuals who give it purpose." "We believe through the power of collective decentralization, we can build something stronger than a centralized team could create," SHIB's founder Ryoshi (psuedonym) said. banks and governmental bodies) from monopolizing control. Decentralization prevents authoritative institutions (e.g. The virtual coin halved in price at one point before paring losses, writes Bloomberg.How to buy Shiba Inu coin (Image credit: )Īfter perusing through Shiba Inu coin's 22-page white paper (the pun-loving author calls it a "woofpaper"), the meme token's main mission is to preserve one of the main tenets of cryptocurrency: decentralization.
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