Yuga Labs raises $40,000 in gas fees for the Ethereum network in the sale of Otherside NFTs. According to Etherscan data, a large number of users paid between 2.6 ETH ($ 6,500) and 5 ETH ($ 14,000) gas. In this regard, while the famous manager Mike Alfred sharply criticizes the 3 altcoin projects, he emphasizes that Bitcoin is one of the best Blockchains.
Mike Alfred harshly criticized 3 altcoin projects in his last tweet
In his latest tweet, cryptocurrency asset manager Mike Alfred has criticized networks like Ethereum, Solana and even Cardano, and since its debut He emphasized the superiority of Bitcoin, which holds stable block issuance and processing. The tweet highlights the latest negative events from every network, including Ethereum, Cardano, and Solana. However, while the asset manager highlights the functionality and performance issues on the two networks, his criticism of Cardano does not address the network’s core issues. Mike Alfred says:
Solana is not working properly. Ethereum gas fees are so high that it is essentially unusable. Cardano goes to zero. Meanwhile, Bitcoin publishes a new block every 10 minutes like clockwork. This isn’t rocket science, folks.
Alfred, Cardano’s market performance is recognized by the cryptocurrency market standard However, the network continues to grow, allowing developers to build scalable, inexpensive and efficient decentralized solutions and applications.
Ethereum users pay $40,000
Following the printing (mint) of plots in the Bored Ape Yacht Club (BYAC) Otherside metaverse, the Ethereum network has become quite congested and a record-breaking transaction fees caused the increase. According to Ethereum Blockchain explorer, a random user paid $40,000 for a simple mint.
The increase in fees has caused a great controversy in the cryptocurrency community. One side accused Yuga Labs of doing inappropriate smart contract optimization, while others criticized Ethereum’s failure to scale properly.
Solana moves downwards
The Solana stability has become a long-standing meme in the crypto community as some users taunt the “Ethereum killer” whose transaction count has consistently dropped after rising above average. As I reported by Kriptokoin.com, the Solana network has been down for hours recently due to spam transaction attacks. The outage on Solana was ironic as Ethereum broke the record for the number of fees generated in 24 hours.
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