Cryptocurrency Q&A
Does shib run on ETH?
Does shib run on ETH?
KimchiQueen
Sun Jan 26 2025
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5
answers
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I am considering investing in Shib, but before that, I want to know if Shib runs on the Ethereum blockchain. I am asking this because Ethereum is a widely used and reliable blockchain, and I want to make sure Shib is built on a solid foundation.
5 answers
alexander_clark_designer
Tue Jan 28 2025
SHIBA INU functions as an ERC-20 token, leveraging the Ethereum blockchain for its operations. This integration allows it to benefit from the Ethereum network's security, decentralization, and smart contract capabilities.
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DigitalCoinDreamer
Mon Jan 27 2025
The token operates within the framework of a proof-of-work system, which initially involves miners solving complex mathematical problems to validate transactions and secure the network. This process ensures the integrity and immutability of the blockchain.
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SumoPowerful
Mon Jan 27 2025
However, Shiba Inu is transitioning to a proof-of-stake model. In this new system, validators lock their tokens as collateral to participate in the consensus process, reducing energy consumption and increasing efficiency.
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Chiara
Mon Jan 27 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services tailored to meet the diverse needs of crypto enthusiasts. Its platform supports spot trading, enabling users to buy and sell cryptocurrencies at current market prices.
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SsangyongSpiritedStrengthCourageBravery
Mon Jan 27 2025
Additionally, BTCC provides futures trading, allowing investors to speculate on the future price movements of cryptocurrencies with leverage. The exchange also features a secure wallet service, offering a safe and convenient way to store digital assets.
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