Shiba Inu Developer Admits Mistake With Shibarium Beta After Backlash From Community, Says Will Fix Within A Week

Shiba Inu (CRYPTO: SHIB) developer Kaal Dhairya has admitted to making a mistake regarding the Shibarium Beta chain ID after the community accused the team of stealing the Rinia chain ID. What Happened: Dhairya, on Thursday, acknowledged his mistake of not rechecking at the time of the PuppyNet network launch and confirmed that the chains were not registered at that time.

Timeline of Shiba-inu

The Shiba Inu (SHIB) ecosystem has been thrilled by the launch of the Shibarium layer 2 public testnet. However, the rehearsal dance stopped after a discord user spotted a discrepancy in Shibarium chain ID. Reportedly, Shibarium developers copied Rinia testnet genesis files but forgot to change the chain ID.

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 integrating with Rinia chain as wallets and other application uses chain ID to The post Breaking: Shiba Inu Developer Admits Blunder With Shibarium Beta Chain ID appeared first on CoinGape.

Almost half a billion SHIB tokens have been removed from circulation in 24 hours, spiking its burn rate. According to data from Shibburn, approximately 455 million Shiba Inu tokens have been burned in the last 24 hours, a 1,322.79% rise in burn rate within a day.

Shiba Inu (CRYPTO: SHIB) is trading higher by 5.39% to $0.00001174 Tuesday morning. Shares of several altcoins are trading higher on continued upward momentum in cryptocurrencies.

The release of new live views of Shiba Inu's Metaverse at the South by Southwest (SXSW) festival in Austin, Texas, have generated a lot of excitement in the SHIB community. As Bitcoinist reported yesterday, detailed video views of the WAGMI Temple Hub were shown after lead dev Shytoshi Kusama released the official movie poster.

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu project, recently provided some information about the beta testing for Shibarium, a layer two blockchain designed to address the shortcomings of the $SHIB token's host chain Ethereum, namely low speed and high transaction cost.

Shiba Inu [SHIB], one of the market's prominent memecoins, noted some exponential growth in its burn rate recently. Especially as it hiked by over 2,400% in the last 24 hours, proving its deflationary characteristic to the community.

the cryptocurrency's whales divest of more than 10 trillion $SHIB, as blockchain data shows that Shiba Inu whale balances have declined from 670.9 trillion to 660.9 trillion SHIB since Friday, a day before the crypto project started the early beta phase of the Shibarium network.

The collapse of SVB Financial Group (NASDAQ: SIVB)-owned Silicon Valley Bank dominated the weekend chatter, with analysts and pundits weighing in on the potential ramifications. Here's a recap of a few major headlines that hit the wire over the weekend: 1.

Shiba Inu's (CRYPTO: SHIB) burn rate spiked to 2400% in the last 24 hours, on the news of the much-awaited layer-2 blockchain Shibarium release. What Happened: Shytoshi Kusama, lead developer of the Shibarium project, on Sunday said in a blog post that users will have the ability to build decentralized applications (dApps) on the Shibarium chain and integrate businesses on it.