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Doge-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most decentralized digital assets on the market, according to the CEO of investment firm Cyber Capital.
Justin Bonds, the company’s chief investment officer, said: To tell His Twitter followers say that only 32 of the top 50 crypto assets are technically decentralized, including DOGE and SHIB.
Of the top 50 cryptocurrencies. Only 32 are technically decentralized. Decentralization exists on the spectrum, but draw a line in the sand and give a yes or no answer. Remember that what is technically correct may not be correct in practice.
DOGE and SHIB are both, but he says decentralized, difference Between them is that DOGE is a single client and has no on-chain governance.
9. DOGE is technically decentralized (single client, no on-chain governance).
14. SHIB is technically decentralized.
Bons’ ranking of DOGE comes amidst a recent string of positive news about the token.
A new report by forex data aggregator Forexsuggest finds Dogecoin to be the third fastest digital asset to reduce its carbon footprint after reducing emissions by 25% in 2022. .
Also, a new study by crypto-focused site CoinKickoff found that Dogecoin has outlived most of the other crypto assets created in 2014. The study found that 91% of digital assets created nine years ago are now defunct due to lack of interest.
As of this writing, DOGE is trading at $0.0880 and SHIB is trading at $0.0000117.
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