Andre Cronje, Founder of Fantom (FTM), Expresses Solidarity with Solana Amidst Network Congestion Challenges

Andre Cronje, Founder of Fantom (FTM), Expresses Solidarity with Solana Amidst Network Congestion Challenges

Fantom co-founder Andre Cronje believes that the Solana network is experiencing challenges due to its own success, as the popular smart contract platform faces criticism for its congestion issues.
Cronje took to social media platform X to explain that Solana’s recent outages are a direct result of the platform’s increasing user activity and popularity.
“I’m seeing a lot of people saying ‘I told you so’ about Solana, but the truth is that the platform is currently facing a high demand for blockspace, which requires some optimization of bottlenecks. This is simply an engineering challenge and not a fault of the consensus or any critical component.”
Last week, Solana experienced a period where over 70% of its non-vote transactions failed, causing concern among users. In response, the network’s co-founder Raj Gokal reassured users that developers were actively working on resolving the issue.
“World-class engineering teams are working tirelessly to fix the congestion issues on Solana. I communicate with them multiple times a day to check on their progress, and they assure me that this is a valuable way to contribute to finding a solution.”
Solana co-founder Anatoly Yakovenko also weighed in on the network’s technical problems, stating that there is no quick and easy fix to the congestion problem.
“Dealing with congestion bugs is much more challenging than facing total liveness failure. The latter can be resolved by identifying and patching the bug, allowing the chain to continue. However, the former requires going through the entire release and testing process, making it impossible to ship fixes quickly.”
After reaching a low of $168.07 last week, the price of SOL has now risen to $178.01.
Stay Updated – Subscribe to receive email alerts directly to your inbox
Check the Price Action
Follow us on Twitter, Facebook, and Telegram
Stay in the Loop with The Daily Hodl Mix
Disclaimer: The opinions expressed in The Daily Hodl are not financial advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be aware that your transfers and trades are done at your own risk, and any losses incurred are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney

Leave a Reply

Your email address will not be published. Required fields are marked *