🚨🚨Attention🚨🚨
Crucial Ethereum SHIB Warning Sent to Community by Shiba Inu Rep
The marketing expert of the SHIB team, Lucie, has taken to her X (formerly popular as Twitter) account to explain an important nuance about SHIB to the community of this popular meme coin.
Lucie addressed the question she has been getting recently about whether it is possible to use Shiba Inu on the Ethereum chain. Lucie has revealed why this cannot be done without the participation of Ethereum developers.
Ethereum is a digital platform that allows people to create and use decentralized applications, also known as smart contracts. These smart contracts require a certain amount of Ethereum, which is the native crypto of the Ethereum network, to perform
Lucie also mentioned that utilizing a different token from a native one (such as SHIB) on Ethereum could cause technical and security issues. Using a different token from ETH could “disrupt this mechanism and potentially compromise the security and reliability of the network,” since Ethereum runs on the proof-of-stake algorithm designed for ETH as a gas token, among other features.
Finally, Lucie also pointed out possible practical considerations here: “Introducing a different token like Shib would require significant changes to the existing infrastructure and may create confusion and complexity for users.” She then summarized her tweet, saying that using any third-party token on Ethereum with or instead of ETH is not “practical due to technical, security, and compatibility reasons.”