I heard about a new cryptocurrency called Shiba coin. I'm curious to know more about it. What is it exactly? Is it related to 
Dogecoin or something else? Can someone briefly explain its background and purpose?
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    Andrea
    Thu Nov 07 2024
   
  
    Shiba Inu, also known as SHIB, made its debut in the world of cryptocurrency in August 2021.
  
  
 
            
            
  
    
    Martino
    Wed Nov 06 2024
   
  
    This move was seen as a gesture of good faith, as Vitalik Buterin's involvement gave SHIB a sense of legitimacy and credibility.
  
  
 
            
            
  
    
    Valentina
    Wed Nov 06 2024
   
  
    The creation of SHIB was inspired by Dogecoin, a popular meme coin that had garnered a significant following.
  
  
 
            
            
  
    
    EmmaWatson
    Wed Nov 06 2024
   
  
    However, SHIB's creators had bigger aspirations for the cryptocurrency, aiming to achieve more than just a meme status.
  
  
 
            
            
  
    
    SeoulSerenitySeeker
    Wed Nov 06 2024
   
  
    The mysterious individual behind SHIB, known only as Ryoshi, initiated the project with a supply of one quadrillion tokens.