Shiba Inu (SHIB) prices took an alarming dip of 10% in the last 24 hours due to a dispute concerning the codebase of the upcoming Shibarium blockchain.
The much-anticipated Shibarium blockchain’s beta version was released last week for layer 2 networks. A beta testnet imitates a real-world functioning blockchain. Layer 2 comprises of off-chain systems, or separate blockchains, that are built over layers 1 and 2. These help reduce data and scaling bottlenecks.
However, the enthusiasm surrounding the launch was short-lived as CoinDesk reported Thursday Morning when a top-ranking member of the Shiba Inu community posted worries on the Discord channel. Issues were raised regarding the Shibarium Beta testnet having the same chain ID as an existing blockchain.
“Chain ID is the first thing any Blockchain dev looks for when deploying a Blockchain,” Community member Steve wrote. “Using an ID that already exists is just bad practice as your chain wouldn’t work properly and everyone attempting to interact with your chain would instead be interacting with the other chain.”
“Why is it that it looks like shibarium testnet has taken the rinia testnet genesis file, changed the name from renia, but neglected to change the chain ID,” Steve added.
A few prominent members of the community were swift to address the concerns. “There is no proof that this is a fork of a chain that launched last month,” Discord User JesusM stated on the Discord channel. “Code is forked all the time. Moreover, there is no confirmation that it was.”
Another network validator “Justinlime” also commented “Even if some of the code was used in the beta does not mean all of it was. To me it’s very unlikely that it’s a direct fork with nothing altered. Forking and utilizing existing software is the foundation of what FOSS(free and open source software) stands for.”
At the time of writing, ecosystem tokens LEASH (BONE) and LEASH had also dropped more than 10% in 24 hours.