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Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital’s Top Strategist

Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital’s Top Strategist

According to Cyber Capital’s top strategist, Dogecoin and Shiba Inu are among the most decentralised crypto assets.

Dog-themed meme coins Dogecoin (DOGE) and Shiba Inu (SHIB), according to a top executive at investment firm Cyber Capital, are among the most decentralised digital assets on the market. 

According to Justin Bons, the company’s chief investment officer, just 32 of the top 50 crypto assets, including DOGE and SHIB, are technically decentralised. 

Only 32 of the top 50 cryptocurrencies are technically decentralized. Even though decentralisation exists on a continuum, we can draw a line in the sand and answer yes or no. Remember that what is technically correct may not be correct in practise! 

He claims that while DOGE and SHIB are both decentralised, the difference is that DOGE is a single client and lacks on-chain governance. 

“9. Technically speaking, DOGE is decentralised because it only has one client and no on-chain governance. 

“14. Technically, SHIB is decentralised.”

DOGE’s ranking by Bons comes on the heels of a slew of other recent favorable developments for the token. 

According to a new study by foreign currency data aggregator Forexsuggest, Dogecoin is the third-fastest digital asset at reducing its carbon footprint, reducing emissions by 25% by 2022. 

In addition, according to a new analysis conducted by the crypto-focused website CoinKickoff, Dogecoin is outliving most of the other crypto assets released in 2014. According to the report, 91% of digital assets established nine years ago are no longer active due to a loss of interest.

DOGE is currently trading at $0.0880, while SHIB is trading at $0.0000117.

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