Shibacoin Whitepaper
Version: 1.0
Date: 12/31/2024

Abstract
Shibacoin is a layer 1, Scrypt-based cryptocurrency designed for simplicity, community engagement, and fun. Developed by an original Dogecoin enthusiast, Shibacoin aims to recreate the joyful and inclusive atmosphere of the early Dogecoin community while embracing modern blockchain advancements like merge mining and scalable tokenomics.

Introduction
Shibacoin is a blockchain built from the ground up to prioritize decentralization and inclusivity. Inspired by the successes of Dogecoin and Pepecoin, Shibacoin takes a unique approach by focusing on simplicity and accessibility.

With no liquidity pools, blacklisting wallets, or complex smart contracts, Shibacoin is a straightforward cryptocurrency that empowers its users. Shibacoin allows anyone to participate in its network, operate nodes, and mine with merge-mining support for Litecoin and Dogecoin.

Core Features
Layer 1 Blockchain
Shibacoin operates as an independent blockchain, avoiding the complexities of token-based systems.

Scrypt Proof-of-Work
Shibacoin uses the Scrypt hashing algorithm, which ensures security, accessibility, and energy efficiency for miners.

Merge Mining
Merge mining starts at block 42,000, allowing Shibacoin to be mined alongside Litecoin and Dogecoin, leveraging shared resources for improved efficiency.

User-Focused Design
Simple Addressing: Shibacoin addresses begin with S for easy differentiation.
Intuitive Tools: The Shibacoin Core wallet provides a seamless user experience for managing SHIC and interacting with the network.
Tokenomics
Block Rewards
Shibacoin follows a predictable reward schedule, halving every 100,000 blocks to control inflation and incentivize miners.

+——————-+——————–+
| Block Range | Reward (Shibacoin) |
+——————-+——————–+
| 1–99,999 | 500,000 |
+——————-+——————–+
| 100,000–199,999 | 250,000 |
+——————-+——————–+
| 200,000–299,999 | 125,000 |
+——————-+——————–+
| 300,000–399,999 | 62,500 |
+——————-+——————–+
| 400,000–499,999 | 31,250 |
+——————-+——————–+
| 500,000–599,999 | 15,625 |
+——————-+——————–+
| 600,000+ | 10,000 |
+——————-+——————–+

Inflation Model
Shibacoin mirrors Dogecoin’s inflationary model, adding ~5.256 billion SHIC annually after block 600,000. This ensures continuous usage incentives while the inflation rate decreases over time as the total supply grows.

Differences from Dogecoin
Address Prefix: Shibacoin addresses start with S.
AuxPoW Activation: Merge mining begins at block 42,000 (Chain ID: 74).
Custom GUI: Shibacoin features a unique graphical interface designed for the community.
BIP Feature Rollout: BIPs will activate starting at block 1,000.

Block Time 1 minute
Development and Governance
Shibacoin Core is open-source and community-driven, encouraging contributions and collaboration from developers worldwide.

Branch Strategy
Master: Stable, latest major.minor release.
Maintenance: Bug fixes for prior stable versions.
Development: Features for upcoming releases.
Contributing
Developers can propose changes, submit pull requests, and report issues through GitHub.

Community and Ecosystem
Mission
To build a vibrant and engaged community, echoing the early days of Dogecoin.

Use Cases
Digital Payments: Fast, low-cost transactions.
Merge Mining: Supporting the Litecoin and Dogecoin ecosystems.
Community Projects: Funding and support for community-driven initiatives.
Conclusion
Shibacoin reimagines the cryptocurrency experience by blending the simplicity of Dogecoin with the technical enhancements of modern blockchain technology. With a focus on community, inclusivity, and long-term sustainability, Shibacoin is poised to bring a fresh wave of fun and utility to the crypto world.

Contact Information

Website: https://shibainucoin.net
Explorer: https://shibaexplorer.com
GitHub: https://github.com/shibacoinppc/shibacoin
Currency Symbol: ₷ (SHIC)