- The Shibarium Beta version witnessed errors with chain ID.
- SHIB’s price soared over 4% in a day.
The excitement over the launch of Shiba Inu’s “Shibarium” was put on hold. Last week the dog-themed meme coin debuted its much-anticipated layer-2 blockchain Shibarium Beta, “PuppyNet”. Before the beta version was released, SHIB Army sparked ‘Crypto Twitter’ with massive price surges, but over the days, SHIB’s price declined by around 10%.
Also, a concern was raised on Shiba Inu’s Discord channel on Thursday that SHIB’s Shibarium beta testnet exploits an existing blockchain’s Chain ID. If the users use an ID that already exists, the chain wouldn’t function properly, and everyone attempting to communicate with it would instead interact with the other chain.
Further, developers and other well-known community members responded quickly to the issues. There is no indication that this is a fork of a chain that began last month. And the code is forked all the time, and there is no proof that it was.
Following the lots of concerns, one of the ShibaSwap developer Kaal Dhairya tweeted that “without getting into any fist fights,” she announced the release of a new Shibarium beta network version with a new chain ID.
Shiba Inu (SHIB) Price Effect
However, while the global crypto market starts the day with greens in its chart. Shiba Inu’s price jumps to $0.00001083, after a deep dip of $0.00001024 on 15th March. SHIB has a 24-hours trading volume of $245 million and a market cap of $6.3 billion.
At the time of writing, SHIB traded at $0.00001072. The meme token soared over 4% in the last 24 hours, and 6.45% in a week. Also, Shib’s LEASH and BONE prices rising. Moreover, SHIB Army’s official Twitter account stated that Pawswap’s PAW would be launched next week, but it has no connection with Shiba Inu.
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