Shiba Inu Token Falls 10% Amid Shibarium Code Drama
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Shiba Inu (SHIB) prices fell 10% in the past 24 hours amid drama surrounding the codebase of the upcoming Shibarium blockchain.
The much-awaited Shibarium blockchain released its beta version for the layer 2 network last week, as CoinDesk reported. A beta testnet is a blockchain that mimics real-world functioning. Layer 2 refers to a set of off-chain systems (separate blockchains) built on top of layer 1 protocols that reduce bottlenecks with scaling and data.
However, the euphoria surrounding the launch paused on Thursday morning after a top-ranked community member on Shiba Inu’s Discord channel flagged concerns. The concerns came from Shibarium beta testnet using the same Chain ID as an existing blockchain.
By Shaurya Malwa
Mar 16, 2023 at 6:01 a.m.https://www.coindesk.com/markets/2023/03/16/shiba-inu-token-falls-10-amid-shibarium-code-drama/
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