Meme coins are an interesting type of cryptocurrencies. They have a funny appeal, which makes them much more suitable for those who are not really aware of the technicalities of digital coins. But because meme coins have a funny appeal, they can cater to a more general audience.
From the large variety of meme coins, there are two that stand out: Dogecoin (DOGE) and Shiba Inu (SHIB). Dogecoin is the first meme coin ever created, and it was designed more as a joke to the crypto leader, Bitcoin. Shiba Inu wanted to overcome the shortcomings of DOGE, which is also why this meme coin received the nickname of Dogecoin killer.
This has made people interested more in Shiba Inu, and the community behind it is the reason that has pushed this digital coin into the mainstream. This community is known under the name of SHIB Army, and it is always there to help this meme coin grow.
For example, this community provides all the information you need on how to buy Shiba Inu to newcomers and individuals interested in SHIB. This fosters a powerful ecosystem that is always there to help Shiba Inu reach new heights that no one quite expected.
In this article, we will discover more about Shiba Inu and why it is often described as a Dogecoin killer.
The History of Shiba Inu
Shiba Inu was founded in August 2020 by an anonymous person who is known under the nickname of “Ryoshy.” At first, the Shiba Inu coin was launched as an ERC-20 token on the Ethereum platform. Exactly like Dogecoin, the Shiba Inu coin has a Shiba Inu dog breed logo.
This is why Shiba Inu has become a rival to Dogecoin, and because it offers some improved features, this meme coin also received the nickname “Dogecoin killer.” The goal of Shiba Inu was to be a community-driven digital coin and decentralized asset.
How did Shiba Inu Expand?
Shiba Inu has expanded dramatically over the years and is now a very powerful token in the crypto realm. Additionally, Shiba Inu has launched Shibarium, a Layer 2 solution built on top of Ethereum. In this way, Shiba Inu can improve some of its limitations.
With the launch of Shibarium, Shiba Inu improved its scalability and efficiency, and in this way, it overcame the challenges of Ethereum.
Shiba Inu has a strong community, which can help it gain better adoption. However, it needs good architecture to offer this strong community what it needs. In this way, Shiba Inu can have faster and more efficient transactions and be more widely adopted.
Additionally, Shibarium prioritizes security, and it does this with a cryptographic algorithm that works together with an advanced consensus mechanism. Furthermore, besides the SHIB token, the Shiba Inu ecosystem also has other important coins, such as SHIB, LEASH, and BONE.
The Role of the SHIB Army in the Evolution of the Shiba Inu Ecosystem
The SHIB Army is another reason why the Shiba Inu ecosystem has evolved tremendously. This community has several roles, and it can make better decisions for the platform.
All of this occurs by sustaining the goals of decentralization, and thanks to the enthusiasm of this, it can push this ecosystem more into the mainstream.
This community can have an essential role in making the Shiba Inu ecosystem grow and expand it more than ever. Thanks to this, the Shiba Inu coin can continue to evolve constantly and might also dethrone the most prominent digital coin by market coin, represented by Dogecoin.
In this way, Shiba Inu can truly win the title of a “Dogecoin killer” and dethrone its rival.
What Can Shiba Inu Experience in the Future?
Shiba Inu can surely evolve in the future, especially because this meme coin has the potential to achieve long-term success. Shiba Inu can improve its performance and use cases, which can help this digital coin be adopted worldwide. For example, one possible scenario for Shiba Inu would be to increase its value and market capitalization.
The price prediction for Shiba Inu can also increase in the future, which can present opportunities for those who want to profit from price fluctuations.
Plus, Shiba Inu might also improve its use cases and expand its ecosystem, which will enhance the experience of individuals worldwide. Shiba Inu has already taken the necessary steps to ensure this, and Shibarium is part of this change.
What are the Improvements to Shiba Inu Over Dogecoin?
One of the features that makes Shiba Inu stand out from Dogecoin is the fact that SHIB can process transactions much faster. This occurs because of the block time, which differs from each cryptocurrency. The block confirmation of Shiba Inu is one minute, and it can process around 33 transactions per second.
Instead, the block time of Shiba Inu is around 21.55 seconds, which means that it can process more transactions per second, around 200, to be more specific.
Additionally, Shiba Inu has a larger supply than Dogecoin, and because of this, it offers more decentralization, as more people will be likely to participate in the crypto realm. Further, Shiba Inu has undergone more innovations than Dogecoin, and this can also occur in the future when this meme coin grows in popularity like no other.
Conclusion
In the future, Shiba Inu will surely have an interesting future, where it can grow more in popularity, thanks to many factors, such as increased adoption, developments in the Shibarium network, and the overall crypto community.
However, on the path towards success, Shiba Inu will also need to solve some of its shortcomings, such as maintaining community support, respecting regulations, and constantly looking for more ways to improve.
Even though Shiba Inu is an essential player in the meme coin landscape, if you want to invest in it, it is always a better idea to do your research to ensure you understand all the risks and rewards that Shiba Inu can bring into your life.
