Image default

Shiba Inu (SHIB) Tumbles 7% on Concerns About Shibarium Code

One of the leading memecoins – Shiba Inu (SHIB) – saw its price tumble throughout the past 24 hours. At the time of this writing, it’s down by about 7%.

This comes as some users found out that the chain ID of Shiba Inu’s blockchain – Shibarium – is the same as that of another network.

  • Speaking on the matter was a user who outlined that checking the chain ID is one of the simplest things that developers can do when they are first deploying a network.

As 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 is it that it looks like Shibarium’s test net has taken rinia testnet genesis file. Changed the name from rinia. But forgot to change the chain ID.

  • As reported earlier in March, the release of the testnet was a pivotal moment for the community. Speaking on the matter was the lead developer, Shytoshi Kusama, who said:

It will allow us to meet the army and remain organized in the process. It will allow us to grow Shibarium’s reach with professional companies, and allow us to reset our relationship with businesses that we’ve contacted too in the past. Finally, it will help us find the right validators.

Here’s How To Stay Up To Date On Crypto With CryptosRUs!

Learn about Bitcoin, Ethereum, and so much more at the CryptosRus Academy.

For the best exchanges, check out our top exchange guide. 

Secure your crypto with Ledger and Trade your way to victory with help from LuxAlgo

Sign up for our bi-weekly newsletter for news and exclusive analysis.

Follow CRU News Desk on Twitter for our latest articles and Twitter exclusive threads.

Stay up to date with George on Tik Tok, Instagram, and his brand new clips channel.

Source link

Related posts

Shopping․io Integrates DINO LFG Enabling $DINO for E-Commerce Shopping – Press release Bitcoin News

Marine Savard

Meta’s Reality Labs Division Posts $2.9 Billion in Losses in Q1 2022, Zuckerberg Still Optimistic

Marine Savard

Weekend sees low BTC volatility; 2 important levels remain unbeaten

Marine Savard

Dogecoin Re-enters Crypto Top 10, But Price Continues To Struggle

Marine Savard

SOL/USD Slides to Lower Support

Marine Savard

Ethereum tokens bought for $11 six years ago change addresses after 18,000% rally

Marine Savard

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More