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SHIB/ETH: Convert and Swap SHIBA INU (SHIB) to Ethereum (ETH)

1 SHIBA INU equals 0.0000000051 Ethereum

Last update: 4:31 AM, June 24, 2024

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The current SHIB to ETH conversion rate is 0. Inversely, this means that if you convert 1 ETH you will get 196,815,567.82 SHIB.

The conversion rate of SHIB/ETH has decreased by 0.4% in the last hour and shrunk by 1.13% in the last 24 hours.

Overview

About SHIBA INU (SHIB)

Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

SHIBA INU (SHIB) is a decentralized, community-driven cryptocurrency that has captured the attention of millions worldwide. Launched in late 2020, this Ethereum-based token has rapidly grown into a global phenomenon. SHIB is unique in its approach to decentralization, aiming to operate without central leadership. The token was created under the pseudonym "Ryoshi" who, much like Bitcoin's elusive creator, remains largely unknown. Ryoshi's vision for SHIBA INU was to test if a decentralized organization could function effectively without a central figurehead, a concept that has resonated with a vast community of holders.

SHIBA INU operates as an ERC-20 token based on the Ethereum blockchain, a proof-of-work system transitioning to proof-of-stake. The token's supply was initially divided, with 50% locked on Uniswap and the remaining 50% sent to Ethereum co-founder Vitalik Buterin. In a surprising move, Buterin donated a significant portion of his SHIB tokens to a Covid relief fund and burned the rest, effectively removing them from circulation. This act of burning tokens is a common practice in the crypto world, aiming to reduce the total supply of tokens and potentially increase their value. SHIBA INU also has its own decentralized exchange, ShibaSwap, where users can trade between tokens.

SHIBA INU seeks to establish itself as more than just a token. It aims to create an entire ecosystem, with plans to develop SHI, an algorithmic stablecoin pegged to one cent. This could potentially serve as a global exchange of value, providing a store of value and method of payment for users worldwide. SHIBA INU also has its own decentralized exchange, ShibaSwap, and plans to develop a financial ecosystem where SHI would be added as a weighted pool pair. Furthermore, SHIBA INU is increasingly being adopted as a form of payment by retailers, demonstrating its growing acceptance and utility in the real world.

SHIBA INU was created anonymously in August 2020 under the pseudonym "Ryoshi." The token quickly gained traction, attracting a community of investors drawn to its unique approach to decentralization and its charming dog-themed branding. In mid-2021, Ryoshi stepped away from the project, leaving the token entirely in the hands of the community. This move was in line with Ryoshi's original vision for SHIBA INU, which was to test if a decentralized organization could function without central leadership. Despite initial skepticism, the experiment proved successful, and SHIBA INU has since grown into a global phenomenon, with a community of millions of holders worldwide.

About Ethereum (ETH)

Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.

Ethereum (ETH) is a decentralized, open-source blockchain system that features its own cryptocurrency, Ether. It serves as a platform for numerous other cryptocurrencies and for the execution of decentralized smart contracts. Ethereum's primary goal is to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. Ethereum's blockchain is designed to host other cryptocurrencies, called "tokens," through its ERC-20 compatibility standard. This has led to the launch of more than 280,000 ERC-20-compliant tokens to date.

Ethereum operates through a network of computers that work together as a supercomputer. The network, in its entirety, validates and records transactions that occur on its platform. Ethereum's core innovation, the Ethereum Virtual Machine (EVM), is a Turing complete software that runs on the Ethereum network. It enables anyone to run any program, regardless of the programming language, making the creation of blockchain applications much more accessible. At its core, Ethereum operates on a proof-of-work system, but there are plans to transition to a proof-of-stake algorithm to boost the platform's scalability and add a number of new features.

Ethereum's potential use cases extend beyond the simple transfer of value. Its smart contracts can automatically execute transactions when certain conditions are met. These smart contracts are being used to create decentralized applications, or "dapps," that enable users to interact directly with the blockchain. Some of the most common use cases for Ethereum include decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Ethereum also hosts other cryptocurrencies and facilitates the execution of smart contracts, making it a key player in the blockchain space.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin, a programmer involved in Bitcoin Magazine. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014, and the blockchain was officially launched on July 30, 2015. Since its launch, Ethereum has undergone several planned protocol upgrades, which are important changes affecting the underlying functionality and/or incentive structures of the platform. The Ethereum Foundation, a team of developers and researchers, continues to coordinate upgrades and protocol changes.

How SHIBA INU (SHIB) and Ethereum (ETH) differ

SHIBA INU (SHIB) and Ethereum (ETH) are both influential players in the cryptocurrency space, yet they differ in their purpose, functionality, and history. SHIB, an Ethereum-based token, is a decentralized, community-driven cryptocurrency that operates without central leadership, a vision conceived by its anonymous creator, "Ryoshi". It aims to create an entire ecosystem, with plans to develop an algorithmic stablecoin and its own decentralized exchange, ShibaSwap. On the other hand, Ethereum is a decentralized, open-source blockchain system that serves as a platform for numerous other cryptocurrencies and for the execution of decentralized smart contracts. Its primary goal is to become a global platform for decentralized applications, allowing users worldwide to write and run software that is resistant to censorship, downtime, and fraud. Ethereum's core innovation, the Ethereum Virtual Machine (EVM), enables anyone to run any program, making the creation of blockchain applications much more accessible. While SHIBA INU seeks to establish itself as a global exchange of value, Ethereum's potential use cases extend beyond the simple transfer of value, including decentralized finance applications, non-fungible tokens, and decentralized autonomous organizations.

Market

SHIBA INU (SHIB)

Market cap

$10.19B

Volume (24h)

$168.62M

Price

0.0000000051 ETH

High (24H)

0.0000000052 ETH

Low (24H)

0.0000000051 ETH

Ethereum (ETH)

Market cap

$414.65B

Volume (24h)

$11.20B

Price

196.82M SHIB

High (24H)

197.45M SHIB

Low (24H)

192.56M SHIB

Conversion tables

SHIB to ETH

Amount (SHIB)
Amount (ETH)
0.5 SHIB
0.0000000025 ETH
1 SHIB
0.0000000051 ETH
5 SHIB
0.00000003 ETH
10 SHIB
0.00000005 ETH
50 SHIB
0.00000025 ETH
100 SHIB
0.00000051 ETH
500 SHIB
0.00000254 ETH
1,000 SHIB
0.00000508 ETH

ETH to SHIB

Amount (ETH)
Amount (SHIB)
0.5 ETH
98,407,783.91 SHIB
1 ETH
196,815,567.82 SHIB
5 ETH
984,077,839.09 SHIB
10 ETH
1,968,155,678.19 SHIB
50 ETH
9,840,778,390.94 SHIB
100 ETH
19,681,556,781.88 SHIB
500 ETH
98,407,783,909.38 SHIB
1,000 ETH
196,815,567,818.76 SHIB
Last update: June 24, 2024 at 4:31 AM

SHIB to ETH history

24 hours ago
Change (24h)
1 week ago
Change (1W)
1 month ago
Change (1M)
1 year ago
Change (1Y)
0.0000000052 ETH
-1.50%
0.0000000057 ETH
-12.30%
0.0000000066 ETH
-29.52%
0.0000000042 ETH
+18.06%
Last update: June 24, 2024 at 4:31 AM

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