BYDFi
Trade wherever you are!
Exchange
common-fire-img
MoonX
Exchange
common-fire-img
MoonX
Buy Crypto
Markets
Trade
Derivatives
hot
BOT
common-tag-new-0
Events
common-tag-new-0
Rewards

What is the network used by Shiba Inu cryptocurrency?

RISHIKA RANYALMay 31, 2022 · 3 years ago3 answers

Can you tell me which network is used by the Shiba Inu cryptocurrency? I'm curious to know the underlying technology behind it and how it operates.

Cryptocurrency
Shiba Inu
Network

3 answers

  • May 31, 2022 · 3 years ago
    Shiba Inu cryptocurrency operates on the Ethereum network. It is an ERC-20 token, which means it is built on the Ethereum blockchain. This allows Shiba Inu to benefit from the security and decentralization provided by the Ethereum network. Transactions and smart contracts involving Shiba Inu are processed and recorded on the Ethereum blockchain.
  • May 31, 2022 · 3 years ago
    The network used by Shiba Inu cryptocurrency is Ethereum. Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. Shiba Inu leverages the Ethereum network to facilitate transactions and interactions within its ecosystem. By utilizing Ethereum, Shiba Inu ensures transparency, security, and interoperability with other Ethereum-based projects.
  • May 31, 2022 · 3 years ago
    Shiba Inu cryptocurrency is built on the Ethereum network, which is known for its robustness and widespread adoption in the crypto space. Ethereum provides a solid foundation for Shiba Inu to operate securely and efficiently. With the Ethereum network, Shiba Inu can benefit from the existing infrastructure and community support, making it easier for users to interact with the token and participate in the Shiba Inu ecosystem.

Related questions

Load 5 more related questions

Related Tags

Hot Questions