What is the name of the cryptocurrency and its symbol?<\/b> What is its current market capitalization?<\/b> What is its ranking on CoinMarketCap?<\/b> Is this cryptocurrency a Layer 1 (independent blockchain) or a Layer 2 (built on an existing blockchain)?<\/b> If it is a Layer 2, which blockchain does it rely on?<\/b> Is it a native token (used for transaction fees and securing the network) or a non-native token (an asset on an existing blockchain)?<\/b> What consensus mechanism does it use? (Proof of Work, Proof of Stake, or another?)<\/b> What is the main purpose of this cryptocurrency? (Payments, smart contracts, DeFi, NFTs, etc.)<\/b> Who are its main competitors?<\/b> What are its advantages? (Speed, low fees, security, decentralization, etc.)<\/b> What are its weaknesses? (Scalability, security risks, centralization, etc.)<\/b> How does it address the blockchain trilemma (scalability, security, decentralization)?<\/b> Who are the main users of this cryptocurrency? (Retail users, developers, businesses, institutions?)<\/b> Are there any major partnerships or integrations?<\/b> How active is its developer community?<\/b> What is the maximum supply of the token?<\/b> How is it distributed? (Mining, staking, pre-mined, allocated to the team?)<\/b> Does it have a burning mechanism or any deflationary aspect?<\/b> What are the biggest risks to this cryptocurrency\u2019s success? (Regulation, security, competition?)<\/b> What are the upcoming developments in its roadmap?<\/b> <\/p>\n","protected":false},"excerpt":{"rendered":" General Presentation What is the name of the cryptocurrency and its symbol? Shiba Inu (SHIB). What is its current market capitalization? Approximately $7.36 billion USD. What is its ranking on CoinMarketCap? 17th Technology and Infrastructure Is this cryptocurrency a Layer 1 (independent blockchain) or a Layer 2 (built on an existing blockchain)? Layer 2 If […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-247","post","type-post","status-publish","format-standard","hentry","category-homework2"],"_links":{"self":[{"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/posts\/247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/comments?post=247"}],"version-history":[{"count":4,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/posts\/247\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/posts\/247\/revisions\/290"}],"wp:attachment":[{"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/media?parent=247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/categories?post=247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockchain-x.eu\/index.php\/wp-json\/wp\/v2\/tags?post=247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/b>Shiba Inu (SHIB).<\/span><\/p>\n
\n<\/b>Approximately $7.36 billion USD.<\/span><\/p>\n
\n<\/b> 17th<\/span><\/p>\nTechnology and Infrastructure<\/b><\/h3>\n
\n<\/b>Layer 2<\/span><\/p>\n
\n<\/b>Ethereum<\/span><\/p>\n
\n<\/b>Non-native token<\/span><\/p>\n
\n<\/b>It uses Ethereum’s Proof of Stake (PoS)<\/span><\/p>\nUse Case and Functionality<\/b><\/h3>\n
\n<\/b>Initially a meme token; evolving towards decentralized finance (DeFi) and non-fungible tokens (NFTs)<\/span><\/p>\n
\n<\/b>Dogecoin (DOGE) and other meme coins like PEPE<\/span><\/p>\nStrengths and Weaknesses<\/b><\/h3>\n
\n<\/b>Strong community support. They are evolving towards decentralization (ShibaSwap, DoggyDao)<\/span><\/p>\n
\n<\/b>High volatility, limited utility.<\/span><\/p>\n
\n<\/b>Relies on Ethereum’s infrastructure; scalability and decentralization also depend on Ethereum’s developments.<\/span><\/p>\nAdoption and Ecosystem<\/b><\/h3>\n
\n<\/b>Retail investors, Shiba Inu token community (“Shib army”)<\/span><\/p>\n
\n<\/b>Limited; primarily community-driven initiatives<\/span><\/p>\n
\n<\/b>Moderate; focused on ecosystem expansion though they are funds for development and marketing (Core Developers & OG Admins Fund and Shiba Inu Ecosystem Development & Marketing Fund)<\/span><\/p>\nTokenomics and Supply<\/b><\/h3>\n
\n<\/b>589.55 Trillions<\/p>\n
\n<\/b>50% allocated to Vitalik Buterin (mostly burned and the rest donated); 50% added to Uniswap liquidity pool<\/span><\/p>\n
\n<\/b>Yes; periodic token burns to reduce supply<\/span><\/p>\nRisks and Future Outlook<\/b><\/h3>\n
\n<\/b>Regulatory challenges, market volatility, competition. Rug pool from the team ? (no solid information on the team)<\/span><\/p>\n
\n<\/b>Introduction of Shibarium (Layer 2 solution to increase the number of transactions per second and decrease transaction fees), expansion into DeFi and NFTs.<\/span><\/p>\n