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A senior executive at investment firm Cyber Capital says dog-themed dog-themed tokens Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most decentralized digital assets on the market.
Justin Bons, Chief Investment Officer of the firm, told his Twitter followers that of the top 50 crypto assets, only 32 are technically decentralized, including DOGE and SHIB.
Among the top 50 cryptocurrencies; only 32 are technically decentralized. Even though decentralization exists on a spectrum, we can draw a line in the sand and give a yes or no answer. Keep in mind that what is true technically may not be true in practice!
He says DOGE and SHIB are both decentralized, the difference between them is that DOGE is single client and has no on-chain governance.
9. DOGE is technically decentralized (single client and lack of on-chain governance).
14. The SHIB is technically decentralized.
Bons’ ranking of DOGE comes amid a slew of other recent positive news regarding the token.
A new report from forex data aggregator Forexsuggest has revealed that Dogecoin is the third fastest digital asset to reduce its carbon footprint after reducing emissions by 25% in 2022.
Additionally, a new study from crypto-focused site CoinKickoff reveals that Dogecoin outlasts most other crypto assets created in 2014. The study found that 91% of digital assets created nine years ago are now gone due to of a lack of interest. .
At the time of writing, DOGE is changing hands at $0.0880 while SHIB is trading at $0.0000117.
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