The Algorand Foundation recently released an advertisement criticizing the performance of Bitcoin, Ethereum, and Solana, pointing out their shortcomings in transaction speed, fees, and reliability. The ad, set in a supermarket checkout scenario, illustrates the potential issues when using these cryptocurrencies for payment, such as 27 minutes for a Bitcoin transaction, Ethereum transaction fees as high as $112, failed Solana transactions, while Algorand payments are shown to be instant and cost-effective. The ad was posted on YouTube and has garnered over 700,000 views. However, some commentators have raised concerns about Algorand's operational speed and capital investment, criticizing its significant spending on advertising.

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Odaily Planet Daily News: The Algorand Foundation criticizes Bitcoin, Ethereum, and Solana in its latest advertisement, stating that they are too slow, costly, or prone to errors. The ad, titled "When Blockchain Meets the Real World, Only One Can Deliver," was released on YouTube. The ad is set at a supermarket checkout where shoppers attempt to pay using Bitcoin, Ethereum, and Solana.

In the ad, a customer paying with Bitcoin is informed that the transaction will take 27 minutes to complete; an Ethereum payer is told the transaction fee is as high as $112; and a customer using Solana is unable to pay due to a transaction failure. In contrast, customers paying with Algorand can complete transactions instantly and at a low cost.

The ad has been viewed over 700,000 times on X platform. A commentator noted, "Algorand's transaction speed is 21 transactions per second (TPS), unable to fund its main explorers but spending over $100,000 on advertising." (Cointelegraph)

ALGORAND Foundation releases advertisement criticizing the performance of Bitcoin, Ethereum, and Solana.