Updated: January 10, 2025
SHIC (Shibacoin) is a decentralized cryptocurrency that uses Scrypt proof-of-work mining. It's designed to be a fun, community-driven coin that can be merge-mined with Litecoin and Dogecoin.
While SHIC embraces the fun spirit of meme coins, it's built on solid technical foundations. It uses proven technology like Scrypt mining and focuses on security and simplicity rather than complex features.
No, SHIC had no premine, no ICO, and no presale. The project launched fairly with everyone having an equal opportunity to mine or acquire coins from the start.
SHIC stands out through its:
You can get SHIC through:
SHIC has an initial supply phase until block 600,000, after which it transitions to a fixed reward of 10,000 SHIC per block. This creates a gradual inflation that helps maintain network security while preventing excessive dilution.
SHIC can be mined using Scrypt ASIC miners. The easiest way to start is by joining a mining pool that supports merge mining with Litecoin/Dogecoin. This allows you to mine multiple coins simultaneously without additional energy usage.
Yes, SHIC is secured by Scrypt proof-of-work mining, the same algorithm used by Litecoin and Dogecoin. The ability to merge mine with these established networks provides additional security through shared hash rate.
There are many ways to contribute to SHIC:
Support is available through:
Shibacoin addresses always start with the letter 'S'. This makes them easily distinguishable from other cryptocurrency addresses.
The currency symbol for Shibacoin is ₷ (SHIC).
Shibacoin was created by Dogecoin enthusiasts who wish to remain anonymous.
SHIC is a coin, not a token. It has its own blockchain and doesn't rely on any other network. This is different from tokens which run on top of other blockchains like Ethereum, BSC or Solana.
Shibacoin genesis block was mined on Dec 21, 2024 00:44:40 UTC.
No. Shibacoin is completely decentralized and open source. The code is public, and anyone can verify how it works. There are no special privileges or controls held by the developers.
Yes. Shibacoin Core is open-source software that can be verified by anyone. The code is based on Bitcoin Core and Litecoin Core, which have been battle-tested for years.
Shibacoin's economic model features:
Being community-focused means that Shibacoin's development and direction are guided by its users. There's no central authority making decisions - the community collectively shapes the project's future through discussion, contribution, and participation.
To ensure you have the correct Shibacoin (SHIC):