Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Baby Doge Coin are prominent dog-themed cryptocurrencies that have garnered significant attention in the crypto market.
Dogecoin (DOGE): Launched in 2013 by Billy Markus and Jackson Palmer, Dogecoin began as a satirical cryptocurrency but quickly gained a robust community. Operating on its own blockchain, it employs a Proof-of-Work consensus mechanism. Notably, Dogecoin has an unlimited supply, which influences its inflationary nature.
Shiba Inu (SHIB): Introduced in August 2020 by the anonymous developer "Ryoshi," Shiba Inu operates on the Ethereum blockchain as an ERC-20 token. It aims to build a decentralized ecosystem, encompassing tokens like SHIB, LEASH, and BONE. With a maximum supply nearing one quadrillion tokens, SHIB has a deflationary model, periodically reducing supply through token burns.
Floki Inu (FLOKI): Inspired by Elon Musk's pet, Floki Inu emerged in 2021. Functioning on both Ethereum and Binance Smart Chain, FLOKI seeks to merge memes with utility, supporting projects like the Valhalla NFT gaming metaverse. Its total supply is approximately 10 trillion tokens.
Baby Doge Coin: As a derivative of Dogecoin, Baby Doge Coin focuses on faster transaction speeds and hyper-deflationary mechanics. It incorporates an auto-burn system and rewards holders through automatic reflections.#BinanceAlphaPoints $BTC