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- The decentralized crypto, Shiba Inu, was founded by an unknown group known as “Ryoshi”
- Ryoshi is going through the same path as Satoshi Nakamoto of Bitcoin.
In August 2020, an unknown group which is known as “Ryoshi” invented Shiba Inu ($SHIB), a decentralized crypto that drastically rose months after it was introduced.
SHIB gathered an entire community of backers, called the SHIB Army, who encouraged the coin over social media, primarily on the microblogging platform Twitter. SHIB’s drastic expansion advanced the entire crypto community and mainstream media.
But what do we know about the creator(s)? In spite of the fact that SHIB’s fabulous popularity, it looks like the body who founded Shiba Inu, Ryoshi is going through the same path as Satoshi Nakamoto of Bitcoin.
Initially, SHIB was created as the major memecoin that could compete with Elon Musk’s favourite Dogecoin ($DOGE), and it did beat DOGE by turning into the most famous dog-themed coin for distributors in 2021.
Let’s put some background first: Ryoshi kept silent most of the time in 2021. The only signal of activity was noticed on May 30 when Ryoshi removed all of his tweets and Twitter bio. This leaves room for thought: did he remove his social media existence, or did his account get attacked?
The first viewpoint looks like more profitable, since Ryoshi left a clue at vanishing in a now-removed Medium blog post:“ I am not important, and someday I will be gone without observation.” He then influenced SHIP creators to carry on working on the SHIB environment.
Ryoshi’s disappearance
Ryoshi’s disappearance was in a row with June 2022’s crypto market’s wider downfall. After the declaration, SHIB took a strike and fell 5%, which added more spice to the 80% price drop from the all-time high of the coin in October 2021.
Comments and thesis about Ryoshi’s available name and what his actions mean proliferate in the crypto industry. Shiba Inu’s project lead Sytoshi Kusama noted a Medium post on May 30 to pay tribute to the unknown creator and exposed rumors that the SHIB community experienced after his escape.
It is beneficial to note that Ryoshi was not indulged with the SHIB project for about one year, so most of the intake and direction of the environment was thanks to creators and the entire community, who are going on with Ryoshi’s sight, as per Kusama.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
