Ethereum
Crucial Ethereum SHIB Warning Sent to the Community by Rep Shiba Inu
Yuri Molchan
SHIB Army Received Detailed Warning Against Using Shiba Inu on Ethereum Chain
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Team SHIB marketing expert Lucie took to her X account (formerly popular as Twitter) to explain an important nuance about SHIB to the community of this popular meme piece.
Lucie answered the question she was asked recently about whether it was possible to use Shiba Inu on the Ethereum chain. Lucie revealed why this cannot be done without the participation of Ethereum developers.
Challenges of using SHIB on Ethereum as a gas token
In her recent tweet, Lucie brought up the fact that some people within the Shiba Inu community think it would be a good idea to use SHIB on the Ethereum chain to pay gas fees equally with ETH.
The marketing manager of SHIB explained the technical challenges and problems facing this idea. Lucie reminded the SHIB audience what Ethereum is in the first place: a digital platform for creating and using decentralized applications and smart contracts. Smart contracts, to be used, require ETH tokens to see all actions performed on that network. Therefore, ETH is used as a “gas fee”. It powers the network and motivates miners to verify the transactions made there.
This question about the possibility of using a non-native token on Ethereum raises eyebrows; however, Lucie patiently explained why this is not possible. The first reason she gave is that Ethereum is designed to run on ETH and not SHIB; there is not such close compatibility between them. No other non-native tokens can be used to pay for gas on Ethereum either.
Lucie also mentioned that using a token other than a native token (such as SHIB) on Ethereum could lead to technical and security issues. Using a token other than ETH could “disrupt this mechanism and potentially compromise the security and reliability of the network,” as Ethereum operates on the proof-of-stake algorithm designed for ETH as a token of gas, among other features.
Finally, Lucie also highlighted possible practical considerations: “Introducing a different token like Shib would require significant changes to existing infrastructure and could create confusion and complexity for users. She then summarized her tweet by saying that using a third-party token on Ethereum with or instead of ETH is not “practical for technical, security and compatibility reasons.”
About the Author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects. He has written for several crypto media outlets. His articles have been cited by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.