I-Shiba Inu iwuhlobo lwemali ye-crypto yememe eyethulwa ngo-2020 ngumuntu osebenzisa igama-mbumbulu elithi “Ryoshi”. Iphrojekthi igqugquzelwe kakhulu yi-cryptocurrency i-Dogecoin, futhi iphinde ibe nokufakwa kohlobo lwenja i-Shiba Inu ekufakweni kwayo. Ngokuphambene ne-Dogecoin, enayo i-blockchain yayo, i-Shiba Inu ikhishwa ku-blockchain ye-Ethereum njenge-ERC-20 token.

Ngesikhathi kukhishwa ithokheni le-SHIB, ingxenye yomthamo yathunyelwa kumsunguli we-Ethereum u-Vitalik Buterin (ongabandakanyeki kuphrojekthi nganoma iyiphi indlela). Iphrojekthi yalichaza lokhu njengokushiswa kwethokheni (token burn). Kodwa u-Buterin wagcina eseshe gqolo iningi elikhulu lokubamba kwakhe i-SHIB futhi wathengisa okunye ukuze axhase iminikelo esiza abantulayo.