CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-04-09 06:35:09

DeFi Pioneer Andre Cronje Backs Solana Amid Transaction Woes

Andre Cronje, a prominent figure in the decentralized finance (DeFi) sector and creator of Fantom, has recently voiced his support for the Solana network despite its struggles with transaction failures. Cronje’s backing comes at a critical time for Solana, as it faces operational challenges attributed to its rapid expansion. In a statement on the X social platform, Cronje pointed out that the congestion issues Solana is experiencing are not due to flaws in its consensus mechanism but are technical challenges arising from increased demand for block space. This perspective sheds light on the growing pains of an expanding ecosystem, emphasizing

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.