Shiba Inu’s Shibarium Did Not Copy Code: Rinia Developer

On Mar 16, 2023

According to a recent revelation, claims that Shiba Inu’s (SHIB) Shibarium code is a copy of Rinia’s have finally been put to rest. Speaking to The Crypto Basic, the Firechain and Rinia testnet developer, KRYPSTEIN, refuted the aforementioned claim that Shibarium stole, or cloned his code. Furthermore, the developer said that his code would’ve been open-source. Therefore, it wouldn’t have been a problem even if the Shiba Inu (SHIB) team did copy his code.

The code for the Rinia testnet was allegedly copied by Shibarium devs, according to a BONE Discord user. The user pointed out that Rinia and Shibarium’s beta public testnet shared the same chain ID.

However, KRYPSTEIN’s only complain is that the Shibarium team used his chain ID. He reveals that he named the Firechain testnet, Rinia, in honor of his late grandmother as a homage to her. Given that complaints have only ever been made about the chain ID and never about the emulation of code, it is important to note that the developer’s revelations support the argument.

A chain ID is an identifier for chains on the Ethereum network. It is a component of transaction signatures and needs to be unique for every chain. This is so that transactions signed on one chain would also be executed on the other if the IDs of the two chains were identical.

Did Shiba Inu’s price suffer for no good reason?

Amid accusations of code theft, the popular cryptocurrency project’s price fell by as much as 10% in the daily charts. It is possible that a sell-off was triggered by the FUD surrounding the allegations. However, with the Rinia developer putting claims to rest, the sell-off seems to have cooled off. Shiba Inu’s offspring token BONE was also not spared the sell-off following the FUD. The Shibarium gas token fell by 13.8% in the last 24 hours. Moreover, the token is down 21.8% in the last seven days.

At press time, SHIB was trading at $0.00001057, up by 0.3% in the last hour. Meanwhile, BONE was trading at $1.305, down by 0.8% in the last hour.