#MEMEAct
Shiba Inu can refer to both a cryptocurrency and a dog breed. Here's a comprehensive overview of both:
# Shiba Inu Cryptocurrency
Shiba Inu (SHIB) is a decentralized, community-driven cryptocurrency that started as a memecoin. It was created in August 2020 by a mysterious figure or group called Ryoshi, who aimed to build on Dogecoin's popularity.
*Key Features*
- *Blockchain:* Shiba Inu operates on the Shibarium layer-2 blockchain, built on top of Ethereum, providing faster and cheaper transactions.
- *Tokens:* The ecosystem uses three tokens: SHIB (main cryptocurrency), LEASH (provides special benefits to committed community members), and BONE (governance token).
- *Use Cases:* Payments, trading, earning rewards, governance voting, NFT minting, metaverse participation, and charity.
*Ecosystem*
- *Shibarium:* A layer-2 blockchain designed to interact seamlessly with Ethereum, addressing scalability issues and reducing costs.
- *ShibaSwap:* A decentralized exchange (DEX) for trading and swapping tokens.
- *Shib: The Metaverse:* An immersive virtual world where users can buy land, build projects, and earn rewards.
