tl;dr

Renowned crypto enthusiast Dan Gambardello, known for his preference for Cardano over Solana, took to social media to express his concerns about the high failure rate of transactions on Solana, citing it as a reason he doesn't understand the hype around the cryptocurrency. Despite his preference for...

Renowned crypto enthusiast Dan Gambardello, known for his preference for Cardano over Solana, took to social media to express his concerns about the high failure rate of transactions on Solana, citing it as a reason he doesn't understand the hype around the cryptocurrency. Despite his preference for Cardano, he acknowledged that both blockchains have room for improvement. Additionally, another user on social media platform X pointed out the current unfavorable experience of using the Solana blockchain, but also mentioned that developers are actively working on fixes to address the issues.

Dan Gambardello revealed that 75% of transactions on Solana are currently failing. Gambardello favored Cardano over Solana, calling it a “top blue chip” blockchain. An X user highlighted that SOL developers are working on major fixes.

Crypto enthusiast Dan Gambardello, who is also the founder of Crypto Capital Venture, said that he has used both Solana (SOL) and Cardano (ADA) and prefers the latter in any case.

In a post on social media platform X (formerly known as Twitter), Gambardello pointed out that around 75% of transactions on Solana are failing, adding that he is unable to understand the hype behind the cryptocurrency. Gambardello highlighted that he is a Cardano bull but noted that while trading a newly launched coin on the blockchain, transactions took longer than expected. He concluded that blockchains like Solana and Cardano need a lot of improvement. Gambardello said: “Today I was sitting there using Raydium (Solana DEX) as my transaction just waits there in pending and I really can’t help but wonder what all the Solana hype is about. Essentially, Solana currently has 75% transaction failure while lacking security & decentralization.” While comparing the situation with Cardano, Gambardello noted that the ADA blockchain is working on multiple scaling solutions and is approaching major milestones. Meanwhile, he doesn’t see similar activity in Solana.

Another crypto community member pointed out on X that using the Solana blockchain has been a “brutal” experience in recent days, with multiple people agreeing in the comments. A user accepted that using the SOL blockchain is currently not a good experience but added that the developers are working on fixes that will be released soon to make the experience more streamlined and hassle-free.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 20 Sep 24
 20 Sep 24
 19 Sep 24