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Shiba Inu is an ERC-20 altcoin created on the Ethereum blockchain.The coin was created by an anonymous individual going by the name Ryoshi and dubbed the Dogecoin Killer. There are almost 400 trillion SHIB tokens in circulation, with a max supply of one quadrillion tokens.ShibaSwap has received an audit that revealed centralization risks where a developer had the authority to "withdraw all the ERC20 token boneToken to any arbitrary address" that they wished.The SHIB whitepaper was updated after Buterin's donations saying that they were good for the coin and that Buterin is a friend of SHIB.The Shiba Inu creators have created an ecosystem of three coins known as SHIB, LEASH and BONE and a decentralized exchange called ShibaSwap.
Shiba Inu is an ERC-20 token created on Ethereum by an anonymous individual known as Ryoshi. Shiba Inu's website says that the coin is a decentralized meme token that is growing into a vibrant ecosystem.
"SHIB is an experiment in decentralized spontaneous community building. SHIB token is our first token and allows users to hold Billions or even Trillions of them. Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking)."
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