The Shiba Inu (SHIB) ecosystem has been thrilled by the launch of the Shibarium layer 2 public testnet. However, the rehearsal dance stopped after a discord user spotted a discrepancy in Shibarium chain ID. Reportedly, Shibarium developers copied Rinia testnet genesis files but forgot to change the chain ID. As such, Shiba Inu’s price dipped as much as 10 percent in the past 24 hours to trade around $0.00001042 on Thursday.\u00a0<\/p>\n
From a technical standpoint, Shiba Inu is halfway from obliterating January gains with the recent falling channel. Similarly, the $BONE ShibaSwap token was in the red on Thursday, having declined approximately 21 percent in the past 24 hours to trade around $1.21.\u00a0<\/p>\n
The decline in $BONE and SHIB are directly related to the recent revelations of a plagiarised Shibarium network.<\/p>\n
\u201cChain ID is the simplest thing any Blockchain dev looks for first when deploying a Blockchain,\u201d community member Steve wrote. \u201cAs using an ID that already exists is just incompetent as your chain wouldn’t work properly, and everyone trying to interact with your chain would instead interact with the other chain. Why does it look like the shibarium test net has been taken from the rinia testnet genesis file? Changed the name from renia. But forgot to change the chain ID,\u201d<\/p>\n
The situation has ostensibly been made worse by lead developer Shytoshi Kusama who, instead of correcting the issue, made jokes. Notably, Kusama discredited the allegations as FUD and urged the Shibarmy to continue building amid the uncertainties.<\/p>\n
Interestingly, over $5 million worth of $BONE has been unstaked in the past 24 hours, significantly contributing to the token\u2019s bleeding.<\/p>\n
In his response, Kusama defended the Shibarium concerns by indicating that crypto should not have discord or telegram.<\/p>\n