• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Fantom CEO's Defense of Solana Amid Network Woes

user avatar

by Giorgi Kostiuk

2 years ago


The creator of Fantom, Andre Cronje, has expressed support for the Solana network during recent transaction problems experienced on the platform. Cronje, known as a significant figure in decentralized finance (DeFi), stated that the network's issues are not due to problems with its consensus mechanism but are primarily technical obstacles.

Despite criticism labeling Solana's ongoing congestion as a flaw, Cronje attributed the situation to the rapid growth of the ecosystem, leading to increased demand for block space. Recent data from Dune Analytics shows that a high percentage of non-vote transactions failed on April 4, which some argue has been misunderstood.

Acknowledging Solana as a victim of its success, Cronje's defense was supported by some community members. They emphasized that while blockchain technology is praised for its capabilities, increased demand that causes temporary user experience problems often triggers negative reactions, even though users desire higher usage.

Solana's CEO, Anatoly Yakovenko, expressed frustrations with addressing congestion bugs, highlighting the challenges in resolving such issues. The network has faced downtime in block production in the past, with previous significant outages occurring in early February 2024. Solana is currently the fifth-largest cryptocurrency by market capitalization, with its price experiencing fluctuations in recent weeks.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum and Chainlink Prices Remain Cautious Amid Market Consolidation

chest

Ethereum and Chainlink are experiencing price consolidation, with Ethereum facing resistance and Chainlink remaining rangebound despite institutional developments.

user avatarKenji Takahashi

One-Third of UK Population Turns to AI for Emotional Support

chest

A report reveals that one-third of the UK population uses AI for social interaction and emotional support.

user avatarMaria Fernandez

AI Emotional Support Under Scrutiny After Teen's Suicide

chest

The AI Security Institute calls for further research into AI's emotional support capabilities after the suicide of a teenager linked to ChatGPT.

user avatarRajesh Kumar

Revolutionizing Mining with Fleet Mining

chest

Fleet Mining offers a cloud mining platform that allows users to mine cryptocurrencies without owning hardware.

user avatarGustavo Mendoza

Understanding Dogecoin Mining

chest

Dogecoin uses a Proof-of-Work mechanism for mining, enabling miners to earn rewards by validating transactions.

user avatarMiguel Rodriguez

Cryptocurrency Market Faces Challenges Amid Central Bank Decisions

chest

This past week, Bitcoin and altcoins experienced a downturn as investors adopted a risk-averse stance due to various economic updates.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.