SHIB 10% Off Between FUD Shibarium Detected Copy Code

Key Points:

• The Shiba Inu (SHIB) token suddenly dropped nearly 10% after its upcoming layer-2 was accused of copying Rinia’s code but forgetting to rename Chain ID.
• The long-awaited Layer-2 Shibarium community has scheduled a beta release this week to take advantage of the Layer-2 craze.
• Shiba Inu’s team and some active community members have denied the above information.

Shiba Inu disappointed many users when Layer-2 Shibarium was discovered to have copied the code of a project called Rinia. Even the chainID has yet to be changed. Although the development team denied it, SHIB price still decreased by nearly 10%.

After days of anticipation, Shiba Inu has opened up about its layer 2 Shibarium coming out this week. This is a layer-2 solution built on top of Ethereum, oriented to the development of games and metaverse applications.

Shibarium will help increase the use of tokens in the Shiba Inu ecosystem, including SHIB, BONE, and LEASH. Specifically, BONE will become a transaction fee payment token on layer-2 and also reward validators.

However, the excitement of the project community did not last long when a user shared on Discord the discovery that Shibarium’s code was copied from another project called Rinia. Even the dev team was so careless that they didn’t even change the chainID.

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.

Even so, the SHIB price has been affected more or less, currently down about 10% in the last 24 hours.

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