Justin Bons, an altcoin critic, stated that Cardano and Solana are misleading regarding the capacity of their chains in terms of TPS.
Justin Bons, the founder of Cyber Capital, is fully committed to the success of Cardano (ADA) and Solana (SOL). This time, he is accusing them of deceiving the community regarding their protocol’s Transaction Per Second (TPS) metric. Although Bons is not unfamiliar with criticizing Cardano, his recent statements have elicited severe criticism from the community.
Basis for the Justin Bons Solana, ADA Callout
The industrialist referred to both protocols as the two most significant culprits in producing “fake” TPS metrics. He elaborated that Solana is deceiving its investors by a factor of 6.5, whereas ADA is doing the same by a factor of 26.5. Allegedly, both protocols are contravening industry standards for the TPS metrics by doing so.
In theory, he asserted that SOL’s maximal TPS is 10,000; however, in practice, it is only 739. Similarly, he observed that Cardano has a current TPS of 0.4 and a maximal theoretical TPS of 18. It is important to consider that the figures may vary depending on the individual responding. Some individuals even assert that the utmost theoretical TPS of SOL is as high as 65,000. There are allegations that the utmost theoretical TPS of ADA is 477.
The vast disparity between the two protocols is reflected in these figures’ differences. Justin Bons observed that certain platforms have assisted in disseminating these fabricated figures as TPS. Additionally, it is well-documented that he is known to deliver severe criticisms of the American Diabetes Association. He recently asserted that the ADA is centralized, stating that the wave of adoption has already passed it by.
In summary, “ADA should prioritize L1 scaling.” Builders outside of ADA are discouraged from participating due to the current maximum capacity of 18 TPS. Despite SOL’s downtime, node centralization, and prior deceptions. The market continues to favour SOL due to its 10,000 TPS capacity; this serves as a difficult lesson for ADA.
Community in Defense Mode
A small number of ADA supporters have defended the protocol. One X user asserted that ADA improved scalability following the Hydra upgrade demo.
It is worth noting that the Hydra Head has recently undergone an update that enables the “withdrawal of funds from an open head without the necessity of closing.” The update also included improvements to the documentation, corrections for the internal wallet fee calculation, and other enhancements.
The Cardano ecosystem is self-assured in its development and may not experience tension in response to Justin Bons’ post. Charles Hoskinson, the founder of Cardano, recently extended an offer of $1 million to any individual who could effectively hack the newly introduced Lace Paper Wallet.
