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“Dogcoin and Shiba are among the most decentralized digital currencies”

One of the senior managers of the investment company “Cyber ​​Capital” believes that the two meme coins Dogecoin (DOGE) and Shiba Ino (SHIB) belong to the most decentralized digital currencies in the market.

According to Wallex and quoted by Daily Hodl, Justin Bons (Justin Bons) said to the followers of his Twitter account that among the top 50 digital currencies in the market, only 32 of them are technically decentralized. Shiba Inu and Doge belong to this category. Justin Bones is Chief Investment Officer of Cyber ​​Capital.

Bones said about this:

Of the top 50 digital currencies, only 32 are technically decentralized. Although decentralization is a spectrum, we can define a hypothetical boundary and answer yes or no. Note that what is technically correct may not apply in practice!

Although both Dogecoin and Shiba Ino are decentralized in his opinion, the difference between the two is that Dogge relies on only one software client and its governance decisions are not determined by on-chain means.

A new report by Forexsuggest shows that Dogecoin is the third best digital currency in terms of reducing its carbon footprint. Last year, this network reduced its greenhouse gas emissions by 25%.

Also, another report from the CoinKickOff site has been published, which shows that among the digital currencies created in 2014, only 9% are still active. Dogecoin belongs to this successful category.

The post “Dogcoin and Shiba are among the most decentralized cryptocurrencies” appeared first on Wallex Blog. appeared.


hello my name is amir; i love bitcoin and dogecoin 🎯

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