- A excitement in the ecosystem coincides with Cronje’s discussion regarding memecoin.
- The aim is to allow the Fantom community to easily create, promote, and nurture memecoins.
Andre Cronje, founder and primary developer of the Fantom protocol, said in an X post that a highly scalable blockchain network would soon include memecoins.
Cronje acknowledged that the cryptocurrency project has been diligently looking into memecoins. The goal of this step is to lay down the groundwork for a framework that the Fantom community can use to easily create, promote, and nurture memecoins. Expectedly, one X user sought to learn more about Fantom memecoin.
Banking on Memecoins Frenzy
In answer to a user’s question, Cronje made it clear that none of the cryptocurrency initiatives mentioned by the user are memecoins. A continuous excitement in the ecosystem coincides with the Fantom developer’s discussion regarding memecoin. Memecoins on other blockchains have been quite successful recently, and that’s mostly due to the meteoric rise in value seen by a small number of these cryptocurrencies.
If Fantom decides to embrace memecoins in the near future, it may potentially join these successful platforms. On the other hand, in light of the recent transaction failures, Cronje has voiced his support for the Solana network. As far as decentralized finance (DeFi) is concerned, Cronje is right up there with the biggest names in the industry.
Cronje writes in an X post that while some see the persistent congestion as a defect in Solana, it is really the result of the ecosystem’s fast expansion, which has raised the need for block space. Problems with performance, according to Cronje, are technological difficulties, not defects in the consensus method.
The Solana network, according to Cronje, became a victim of its own success. Users of Solana have recently gone ballistic on social media, expressing their dissatisfaction with the service and the increased number of unsuccessful transactions.
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