FANTOM is a new DAG-based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based protocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near-zero transaction costs for all users.
The mission of FANTOM is to provide compatibility between all transaction bodies around the world and create an ecosystem that allows real-time transactions and data sharing at a low cost. As proof of the flexibility of Fantom, the team was able to quickly pivot and make Fantom DeFi capable. Fantom promises to be the all-in-one DeFi suite for all users. Fantom’s EVM-compatible blockchain gives users the ability to mint, trade, lend and borrow digital assets directly from their wallets. And all of this comes with near-zero fees and instant transactions. This is DeFi for everyone.
Fantom (FTM) recognizes the limitations of current blockchains in the crypto world and plans to overcome them. The FTM platform is decentralized, scalable, permissionless, and open-source which provides it an advantage over major blockchains.
Fantom lowers the costs and increases the performance of decentralized apps (DApps) through Lachesis – a DAG-based asynchronous non-deterministic algorithm that runs the Opera mainnet of Fantom. The main purpose of Opera mainnet is to enable the use of smart contracts through Ethereum's EVM (Ethereum Virtual Machine).
A unique element of Fantom is that its network is completely independent, which means that one area's performance of traffic congestion does not have any effect on other parts of the network. This high level of scalability offered by Fantom (FTM) provides every application with its personalized (independent) blockchain with custom governance rules, tokens, and tokenomics. Unlike Ethereum, which represents a single decentralized machine, Fantom is made up of an uncountable number of decentralized systems which interact with each other, despite working independently in their specific zones.
A major problem that Fantom solves is known as the 'Blockchain Trilemma'. Blockchain trilemma refers to the balance between speed, security, and decentralization which cannot be achieved at the same time. Fantom, however, utilizes a permissionless protocol to achieve decentralization and security and uses asynchronous Byzantine Fault Tolerance (aBFT) to process transactions asynchronously which increases the speed of the overall process.
The Fantom coin is at a super upward trend around 43.5% during the intraday trading session. The 24-hour trading volume is at $444 million. FTM/BTC pair is trading positive by 44.7% at 0.00001498 BTC. Fantom's ROI exceeded in the 'Fantom Ecosystem, Infrastructure, Smart Contract Platform' categories which had 451% growth over the past year at the time of writing. Fantom underperformed in the crypto market which had 3135% growth over the past year. If you want to read more, you can visit here.
Moreover, a capable marketing team and brand awareness have a direct impact on the success of any project. Fantom Network's marketing team is doing a great job! According to our data, Fantom's Twitter account saw an increase of 124% in the number of followers over the last months from May 02 until September 28. Reddit channel users went up by 106% over the same period. Fantom's Telegram growth rate is 54%. You can follow Fantom's popularity using our report, which is accessible here.
Our data indicate that Fantom's ranking among the markets' cryptocurrencies in terms of market capitalization increased significantly over the last months from May 2 until September 28, from 69 to 51. However, its liquidity score is 64% upper the market's average score, which means that it would be easier to sell Fantom if the market is rising. You can find our report about Fantom's market capitalization, price, and liquidity score here.
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