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Cryptographic Nature:
Decentralization:
Both currencies operate on a decentralized network, meaning there is no central authority controlling or issuing the currencies.
In the case of Bitcoin, the network is maintained by miners who validate transactions and ensure the security of the network.
BitShiba also follows the same principle of decentralization, allowing the community to make important decisions through a DAO (Decentralized Autonomous Organization).
Supply Limitation:
Both Bitcoin and BitShiba have a limited maximum supply.
Bitcoin has a limit of 21 million coins, while BitShiba has a total supply of 1 quadrillion coins.
In the case of BitShiba, 50% of the total supply was burned. This means that these tokens have been removed from circulation and can no longer be traded.
When we say that a percentage of the supply has been “burned,” we are referring to the permanent destruction of these tokens.
I understand! OBit Shibahas a full supply of1 quadrillion coins, but the burning of50%of this supply makes that quantity more scarce and potentially more valuable. Reducing supply can attract investors and create a sense of commitment on the part of the development team.
Volatility and Speculation:
Both currencies are highly volatile and often subject to speculation in the market.
Prices can fluctuate significantly over short periods of time, which is attractive to both investors and traders.
Active Community:
Both Bitcoin and BitShiba have active communities that discuss, promote, and participate in the development and adoption of these currencies.
Community strength is crucial to the continued success of both cryptocurrencies.
Liquidity and Trading:
Both currencies are traded on several cryptocurrency exchanges.
Bitcoin is widely accepted and has high liquidity, while BitShiba is also available on several trading platforms.
Regarding the contract 0xB84cBbF09b3Ed388a45cD875ebba41a20365e6e7, it refers to the specific BitShiba smart contract on the Binance Smart Chain network. This contract is responsible for managing BitShiba's transactions and functionality.