Shiba Inu: Funny Money or a Compelling Crypto Contender?
It's time to explore the enigmatic world of Shiba Inu (CRYPTO: SHIB), a promising cryptocurrency that's been barking up the digital money tree lately. Some folks see it as a joke coin, while others think it has the potential to stand shoulder to shoulder -- or should I say, paw to paw -- with digital heavyweights like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Shiba Inu, a cryptocurrency born in August 2020, takes its inspiration from the popular Shiba Inu dog meme. It started out as a counter-joke to match the older Dogecoin (CRYPTO: DOGE) crypto, which had been around for 6 dog years at the time. But Shiba Inu's goals were always a bit more ambitious than fetching cheap laughs.
As a decentralized digital currency, Shiba Inu isn't governed by any central authority or financial institution. Instead, a network of computers verifies its transactions. This is called a peer-to-peer transaction system, cutting middlemen like banks and payment services out of the action -- and keeping their hands out of your pockets.
Source Fool.com
