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Legendary developer Andre Cronje slammed Ethereum (ETH), Avalanche (AVAX) and Polygon (MATIC) with single Drake meme
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Andre Cronje, a key figurehead of the yearn.finance (YFI) protocol and probably the most influential builders within the decentralized finance (DeFi) phase, slams all main “horizontal” scaling applied sciences with one meme.
Andre Cronje doesn’t like sidechains, L2s and subnets
Cronje has taken to Twitter to share a meme about scalability add-ons to main sensible contract platforms. It appears like he isn’t an enormous fan of what Ethereum (ETH) and Avalanche (AVAX) are doing to scale.
— iamdefinitelyandre.ftm (@AndreCronjeTech) November 5, 2022
Ethereum’s (ETH) second-layer networks like Optimism, Arbitrum, Boba and Metis, Avalanche’s (AVAX) subnets and Polygon’s (MATIC) sidechains can’t be a substitute for a Layer 1 blockchain that scales “with demand.”
That stated, he confused the significance of Fantom’s (FTM) “vertical” strategy to the scaling of blockchain throughput with out sacrificing decentralization, velocity and cost-efficiency.
Additionally, he mentioned Fantom Digital Machine, FTM substrates, flat storage and parallel processing as promising tech developments of Fantom. In keeping with him, this is what builders ought to be centered on as an alternative of constructing NFT marketplaces, GameFi platforms and metaverses.
What’s vertical scaling in Fantom (FTM)?
As U.As we speak lined beforehand, Andre Cronje’s alleged comeback to the Fantom (FTM) ecosystem and the DeFi phase has already catalyzed FTM and YFI costs.
Not like mainstream EVM-based blockchains, Fantom (FTM) prioritizes “vertical scaling.” As an alternative of constructing an extra layer for transactions (a sidechain or an L2 community) off the chain, this strategy is targeted on natural enhance of L1 throughput.
This strategy doesn’t want numerous blockchains to work together with one another (e.g., Ethereum with Arbitrum, BNB Chain with Boba Community); that makes its operations safer.
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