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Between SHIB 10% Off Shibarium Detected Copy Code

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Between SHIB 10% Off Shibarium Detected Copy Code

Key Ideas

  • The Shiba Inu (SHIB) token abruptly fell by almost 10% after accusations that its upcoming layer-2 copied Rinia’s code without renaming Chain ID.
  • To capitalize on the Layer-2 craze, the long-awaited Layer-2 Shibarium community has scheduled a beta release for this week.
  • The aforementioned information has been refuted by members of the active community and the Shiba Inu team.

When it was discovered that Layer-2 Shibarium had plagiarized the code of a project called Rinia, Shiba Inu disappointed a lot of users. Even the chainID has not yet been modified. The price of SHIB decreased by almost 10% despite the denial of the development team.

shibarium

After several days of speculation, Shiba Inu has revealed that its layer 2 Shibarium will be released this week. This layer-2 Ethereum solution is designed specifically for the creation of gaming and metaverse applications.

Shibarium will support greater adoption of SHIB, BONE, and LEASH tokens as well as other tokens in the Shiba Inu ecosystem. In particular, BONE will be used as a layer-2 transaction fee payment token that also pays validators.

 

 

 

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The project’s community was initially thrilled, but their joy was short-lived when a user revealed on Discord that Shibarium’s code had been lifted verbatim from Rinia, a different project. Even the development team was so careless as to leave the chainID alone.

rancume

Developers and other prominent members of the community were quick to address concerns by denying them.

“There is absolutely no evidence that this is a fork of the chain that launched last month,”.

JesusM on the Discord channel wrote.

“Even if some of the code is used in the beta doesn’t mean it’s all. To me, it’s highly doubtful that it was a direct fork with nothing changed. Forking, and building. based on established software, which is the core foundation of what FOSS (free and open source software) stands for.”

Discord user Justinlime, another network validator, joined.

Nevertheless, the SHIB price has been somewhat impacted; it is currently down 10% over the past 24 hours.

 

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