- The Ethereum payer was informed that the transaction will incur costs of $112 in fees.
- The commercial sparked quite a commotion due to its criticism of competition.
Mixed reactions have been elicited by a new advertisement by Algorand foundation, which criticizes Bitcoin, Ethereum, and Solana, claiming that they are unfit for payment purposes. The commercial sparked quite a commotion due to its immense social media exposure and criticism of competition.
A new commercial from the Algorand Foundation titled “When blockchains meet the real world, only one delivers” was launched on May 23. The commercial depicts a grocery store checkout line while customers try to pay with Bitcoin, Ether, and Solana.
Instant Finality
The man attempting to pay with Bitcoin in the commercial is informed by the cashier that the process will be slow and take 27 minutes. The customer who selected Solana was unable to make a purchase since the transaction failed multiple times, and the Ethereum payer was informed that the transaction will incur costs of $112 in fees.
With the words “Instant finality” captioned, the camera drifted to the next checkout line that processed clients instantaneously utilizing Algorand with the caption, “Instant finality. Low Fees. Designed for the speed of life.” As per DefiLlama, the Algorand network has a total worth of just $96 million. Compared to Ethereum’s $65 billion and Solana’s $4.8 billion, this is quite less.
In a brief appearance towards the end, Anthony Scaramucci—a political adviser and entrepreneur—also asks how to join the Algorand checkout queue. Just hours after the ad went online, Scaramucci announced on X that a “$SOL ETF” was next, prompting several X commenters to point out hypocrisy.
Highlighted Crypto News Today:
