CEO of Fantom Andre Conje Slams Ethereum And Avalanche Scaling With A Meme
- Andre Conje, the brains and mastermind behind DeFi and the Founder of Yearn Finance and Fantom (FTM) networks, criticizes and discredits all significant horizontal scaling methods—particularly the Ethereum and Avalanche scaling methods—with a simple meme.
Andre Conje Slams Scalability Add-Ons With A Meme
On Twitter, Conje created a meme to illustrate his displeasure with the smart contract functionality of scalablility add-ons. This stands to show the displeasure he may have towards Ethereum’s and Avalanche’s scaling initiatives (AVAX).
Ethereum’s second layer networks, such as Optimism, Arbitrum, Boba, and Metis, cannot replace the layer 1 block chain, which scaled with demand.
He also emphasized the significance of Fantom’s vertical scaling strategy to scaling the blockchain in order to improve efficiency and functionality while maintaining decentralization, security, speed, and transaction cost.
What Crypto Projects Should Focus On
Conje highlighted Fantom’s virtual machine, FTM substrates, and flat storage as interesting advancements to look forward to in the Fantom space in the future. Saying that initiatives should be concentrated on this, rather than on establishing Gamefi, NFT marketplaces, and Metaverse.
According to a recent report, Andre Conje returned to the crypto space after a year and a half hiatus break. However, he has not remained silent since his return, as he addressed the crash problem in a Medium blog, and now discusses what most projects should focus on and the limitations of scalability add ons.
FTM favors vertical scaling over mainstream EVM-based blockchains. He prefers this strategy to deploying scalability add-ons to provide an additional layer for transactions. And this said approach of vertical scaling does not require various blockchains to interact with each other.
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