Ethereum vs. Avax Social Media Battles rage because the L1 fees continue to rise-
Ethereum vs. Avax Social Media Battles rage because the L1 fees continue to rise-
The Ethereum Calancing Wars on Social Media are raging due to the problems with which this chain is confronted with fees at level one (L1) at a very high level. ZHU SU, CEO of Three Arrows Capital, a well-known crypto VC company, announced that he had withdrawn his support from the project, and criticized the condition in which the chain is now located. Emin Gun Sirer, founder and CEO of AVA Labs, the company behind Avalanche, said that Avalanche can scale independently of its growth.
Ethereum faced with heat on social media
The high fees that users have to pay for transactions on Ethereum L1 cause the chain supporters to talk very loudly about the problems caused on social media. ZHU SU, CEO of Three Arrows Capital, expressed his discomfort about the state of the Ethereum chain at the moment and how its supporters have failed to scale their operation. On Twitter, su specified :
Yes, I gave up Ethereum, although I have supported it in the past. Yes, Ethereum left its users even though they have supported them in the past. Ethereum culture suffers massively from the founding dilemma. Everyone is too rich to remember what they originally intend.
SU criticized that the chain was unusable due to the high fees for newcomers. The tweet had more than 15,000 likes, 4K of whom passed in the first hour after the tweet. This discomfort was also supplemented by the opinion of other industry insiders, such as Ryan Selkis, CEO von Messari, the specified :
It doesn't matter whether Ethereum is more of a security, since the only people who can afford it can afford it anyway.
avalanche enters the fight
horses is currently often against Ethereum Replacement substances played on the cryptocurrency market. The network offers lower transaction fees, but this is often attributed to lower use compared to Ethereum. In addition Emin Gun Sirer, founder and CEO of AVA Labs emphasized :
keep hearing that: 'But one day Avalanche will be as slow as Ethereum.' No. Avalanche brought us the greatest breakthroughs in terms of consensus and bridging. We will tackle minor technical problems without batting the eyelash.
The supporters of the original smart contract chain have focused on scaling the chain with L2 solutions based on rollups, such as arbitrum and optimism high fees will probably not change soon.
What do you think of the scaling wars between Ethereum and Avax? Tell us in the comment area below.
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