Shiba Inu (SHIB) is a cryptocurrency that was created in August 2020 as an ERC-20 token on the Ethereum blockchain. It was inspired by the popular Dogecoin cryptocurrency and was created as a joke by an anonymous person or group of people known as "Ryoshi". However, it quickly gained popularity and a community of supporters who saw potential in the project.

SHIB is a decentralized cryptocurrency that allows for peer-to-peer transactions without the need for intermediaries such as banks. It has a total supply of 1 quadrillion tokens, with 50% of the supply locked in Uniswap and the other 50% burned to increase scarcity. The token is used as a means of payment and exchange on the ShibaSwap decentralized exchange, which allows users to trade various cryptocurrencies. Additionally, SHIB holders can stake their tokens to earn rewards and participate in governance decisions. Despite its origins as a joke, SHIB has gained a significant following and has even been listed on major cryptocurrency exchanges.