Advertisement
AD

Main navigation

Advertisement
AD

Wealth Manager Mike Alfred May Have Left Secret Message for Cardano Community in His Recent Tweet

Advertisement
Mon, 2/05/2022 - 12:48
Wealth Manager Mike Alfred May Have Left Secret Message for Cardano Community in His Recent Tweet
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

In his most recent tweet, cryptocurrency wealth manager Mike Alfred criticized networks like Ethereum, Solana and even Cardano, highlighting the superiority of Bitcoin, which holds stable block issuance and processing since the launch of the blockchain.

The tweet gathered the most recent negative events from each network, including Ethereum, Cardano and Solana. But while the wealth manager highlighted functionality and performance issues on the two networks, Cardano's critique was not of the fundamental issues of the network.

Alfred noted that Cardano's market performance was far from being acceptable by the cryptocurrency market standard, but the network keeps on growing, allowing developers to build scalable, cheap and efficient decentralized solutions and applications.

Advertisement

Ethereum user pays $40,000 in fees

Following the minting of lands in the Otherside Metaverse related to the Bored Ape Yacht Club, the Ethereum network became highly congested, causing a record-breaking spike in transaction fees. According to the Ethereum blockchain explorer, a random user paid $40,000 in fees for a simple mint.

Related

The spike in fees caused a massive controversy in the cryptocurrency community. One side accused Yuga Labs of inappropriate smart contract optimization, while others criticized Ethereum's inability to scale properly.

Solana going down

Solana's stability is a long-lasting meme in the crypto community as some users constantly make fun of the "Ethereum killer," which constantly goes down after the number of transactions rises above average.

Recently, Solana was down for hours after a spam transaction attack. The downtime on Solana was ironic as Ethereum beat the record in the number of fees generated in 24 hours.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD