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Due to the problems faced by the chain, the expansion war of Ethereum is raging on social media, and the cost of the first layer (L1) is very high. Zhu Su, CEO of the well-known crypto venture capital company Three Arrows Capital, announced the withdrawal of support for the project and criticized the current state of the chain. Emin Gun Sirer, founder and CEO of Ava Labs, the company behind Avalanche, said that regardless of its growth, Avalanche will be able to expand.
Ethereum faces a social media boom
The high fees that users must pay for transactions on Ethereum L1 have prompted supporters of the chain to be very outspoken on the issues caused by these issues on social media. Three Arrow Capital CEO Zhu Su expressed dissatisfaction with the current status of the Ethereum chain and the failure of its supporters to expand its operations.On Twitter, Sue statement:
Yes, despite supporting Ethereum in the past, I have given up on it. Yes, although Ethereum used to support users, it has given up users. Ethereum culture is deeply affected by the founder’s dilemma. Everyone is already too rich to remember what they planned to do in the first place.
Su criticized that for newcomers, the chain could not be used due to high fees. This tweet received more than 15,000 likes, of which 4000 likes occurred within the first hour of the tweet. The opinions of other industry insiders have also supplemented this uncomfortable performance, such as Messari CEO Ryan Selkis (Ryan Selkis). statement:
It doesn’t matter whether Ethereum is no longer a security, because in any case, only people who can afford to use it can gain recognition.
Avalanche goes into battle
avalanche As one of the most prolific alternatives in the current cryptocurrency market, it often competes with Ethereum. Although the network does offer lower transaction fees, this is usually attributed to its lower usage rate compared to Ethereum. In this regard, Emin Gun Sirer, founder and CEO of Ava Labs emphasize:
Continue to hear this: “But, but one day the avalanche will be as slow as Ethereum.” No, the avalanche has brought us the biggest breakthrough in consensus and bridging. We will solve smaller engineering problems without blinking.
The proponents of the original smart contract chain focused on extending the chain using aggregation-based L2 solutions, such as arbiter with optimism, Which has led some users to switch to other chains such as Avalanche and Solana, because high fees are unlikely to change soon.
What do you think of the scale war between Ethereum and Avax? Tell us in the comments section below.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
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