What Is Shiba Inu?

Fast Facts:

• 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. 
• The Shiba Inu creators have created an ecosystem of three coins known as SHIB, LEASH and BONE and a decentralized exchange called ShibaSwap. 
• Ryoshi sent Vitalik Buterin, the creator of Ethereum, half of the supply of the token.
• Buterin donated and burned all of his holdings in early May, tanking the price.
• 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.”
• Some SHIB investors were misled to believe that Buterin was an investor in the project.
• 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.

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