Breaking: Shiba Inu Developer Admits Blunder With Shibarium Beta Chain ID

Shiba Inu developer Kaal Dhairya admits mistake with the Shibarium Beta chain ID as moderators accuse the team of stealing Rinia chain ID.
By Varinder Singh
Shiba Inu Exec Says Something Big Is Coming To Shibarium, Here's What It Is

Serious allegations are raised in the official Shiba Inu Discord channel against the Shibarium Beta chain forked from Rinia chain as it uses the same chain ID. Moderators on the Discord channel said anyone interacting with the Shibarium chain would actually be interacting with the Rinia chain as wallets and other application uses chain ID to determine which network to send transactions to.

Top-ranked community members accused Shibarium testnet of taking Rinia testnet genesis file and changing the name, but forgot to change the chain ID. Trophias, another former developer of Shiba Inu, accused the metaverse team of buying assets without modification. He asserts the team consisting of Beysed, Milkshake, UB, Stix, and Firstword has no knowledge and accuses Shytoshi Kusama of firing the previous developers.

Shiba Inu developer Kaal Dhairya took to Twitter to calm the FUD surrounding the chain ID of Shibarium Beta. He revealed that a few chain IDs were selected randomly during the Alpha network deployment — 417 (Alpha), 517(Staging), 917(pre-pod/beta).

Kaal Dhairya claims these chains were not registered at that time and he made a mistake “to not recheck when the PuppyNet network was launched.” He will redeploy a new version of the Shibarium Beta network with a new chain ID, which will take a week. Moreover, he said there will be many changes as it’s still in the Beta phase and hopes for a better Shibarium Layer-2 blockchain.

Meanwhile, crypto influencer Ben Armstrong or BitBoy threatens to dox the identity of Ryoshi, founder of Shiba Inu, this week. He claims former FTX CEO Sam Bankman-Fried was once involved after Shiba Inu co-founders split. The main co-founder worked with Sam Bankman-Fried on the project, with sufficient evidence supporting it.

Advertisement
Advertisement

SHIB and BONE Price Tumble After Shibarium Beta Chain ID

Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices tumbled after moderators accused Shibarium Beta of a ripped chain from Rinia.

SHIB price fell 8% in the last 24 hours, with the price currently trading at $0.0000104. The 24-hour low and high are $0.0000102 and $0.0000113, respectively.

Meanwhile, Shibarium’s gas token BONE fell 23% to $1.12, with the price currently trading at $1.19. The trading volume is rising rapidly, hitting almost 300% in the last 24 hours.

Also Read: Stop Weaponizing Banks to Purge Legal Crypto Activity, Congressman Tells FDIC

Advertisement
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.