Shiba Inu Token (SHIBUSD): Well, there is the answer, no there will...

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GOLDBUFFALO

Re: weedtrader420 post# 32409

Saturday, 07/16/2022 8:03:13 PM

Saturday, July 16, 2022 8:03:13 PM

Well, there is the answer, no there will be no changing of the block chain. SHIB gets consensus like ETH

How does each SHIB coin work on ShibaSwap?
To start with, we need to re-establish the fact that SHIB is an ERC-20 token and as such, the consensus mechanism of Shiba Inu is identical to that of Ethereum.

Currently, the consensus mechanism for Shiba Inu is Proof of Work (PoW) but with the advent of Ethereum 2.0, this mechanism will be transforming into Proof of Stake (PoS).

Shiba Inu is built upon the concept of 'decentralization'.

Quoting Ryoshi (the anonymous founder of Shiba Inu):

"We believe through the power of collective decentralization we can build something stronger than a centralized team ever could create. A community-run token is nothing without the united individuals who give it purpose.”

Do your own DD, my posts are highly opinionated. If you do not agree with my posts, feel free to block me. I am not an investment professional nor do I give investing advice. You alone are responsible for your investments