The announcement of Friend tech’s blockchain has left many of its users puzzled
Clarity Needed for Friend tech’s Blockchain Transition
the platform already established on Base, which is known for its low-cost Ethereum layer-2 solution, users are wondering why there’s a need to transition to a separate blockchain infrastructure.
Concerns have been raised about the potential implications of this decision, particularly regarding transaction fees. Users fear that moving to Friendchain might result in higher gas fees compared to the relatively inexpensive transactions facilitated by Base.
Source:
The news of Friend.tech’s blockchain endeavor had a notable impact on the cryptocurrency market. Following the announcement, the platform’s native token, , experienced a significant surge in value, jumping by 64% within just 20 minutes. This surge propelled the token’s price to $1.31, only to retract back to $0.89 within the hour, as per data from CoinMarketCap.
The sudden price fluctuation underscores the market’s reaction to Friend.tech’s strategic shift and highlights the uncertainty surrounding the implications of developing its own blockchain.
Source: Coingecko
Users are seeking answers to fundamental questions about the rationale behind Friendchain, its technical specifications, and the potential impact on the user experience, particularly in terms of transaction costs.
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