Ethereum

<h4><strong>This decision has sparked confusion among users, who are questioning the rationale behind such a move.</strong></h4> 
<p>The announcement of Friend tech’s blockchain has left many of its <a href="https://x.com/Dr_Kojipup/status/1799288688830263708" target="_blank" rel="noopener">users puzzled</a>.</p> 
<h4><strong>Clarity Needed for Friend tech’s Blockchain Transition</strong></h4> 
<p>With <a href="https://www.friend.tech/" target="_blank" rel="noopener">the platform</a> 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.</p> 
<p>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.</p> 
<p><img decoding="async" class="wp-image-142587 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcnbvmhjkjhgdrefyuky-290x300.jpg" alt="" width="484" height="501" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcnbvmhjkjhgdrefyuky-290x300.jpg 290w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vxcnbvmhjkjhgdrefyuky.jpg 394w" sizes="(max-width: 484px) 100vw, 484px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/friendtech/status/1799283480083435815" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The news of Friend.tech’s blockchain endeavor had a notable impact on the cryptocurrency market. Following the announcement, the platform’s native token, <a href="https://www.coingecko.com/en/coins/friend-tech" target="_blank" rel="noopener">FRIEND</a>, 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.</p> 
<p>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.</p> 
<p><img decoding="async" class="wp-image-142588 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk-300x170.png" alt="" width="572" height="324" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk-300x170.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk-768x434.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk-743x420.png 743w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk-696x394.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/vcxdfghfgjk.png 847w" sizes="(max-width: 572px) 100vw, 572px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://www.coingecko.com/en/coins/friend-tech" target="_blank" rel="noopener">Coingecko</a></strong></h6> 
<p>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.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/friend-techs-blockchain-plan-leaves-users-confused/">Friend.tech’s Blockchain Plan Leaves Users Confused</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Friend.tech’s Blockchain Plan Leaves Users Confused

Altcoin Buzz

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