FANTOM is the world’s first DAG based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology.
Fantom Is An Improved version of a DAG model for speed and infinite scalability. Instead of blocks, the OPERA Chain processes a list of events asynchronously with no rights to modify previous confirmed transactions.
- Unlike those of EOS and Cardano, transactions on the FANTOM platform are executed asynchronously with instant confirmation.
- Near Zero Cost: Transaction fees are less than 0.01 USD from one wallet to another. large networks of users — such as batching payments, counting votes, and rewarding good work.
- Infinite Scalability: As more nodes participate in the network, its processing capability increases.
“FANTOM is the world’s first DAG based Smart Contract platform that solves the scalability issues of existing public distributed ledger technology. The platform distinguishes itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols.”
Positives -
- DAG Based Smart Contract Platforms Are Becoming More and More Sought after as Networks Such as Ethereum Start to Show Their Limitations. Fantom Claims Infinite Scalability, Extremely Low Transaction Costs and a Transaction per Second (TPS) Rate of 300,000. If All This Can Be Proven with Real World Stress Testing, It’ll Attract a Whole Lot of Attention.
- The Team & Advisory Board Really Stand out Here. With 11 Foundation Members, 16 Platform Developers and 9 Advisors, Fantom Has Some Serious Talent and Experience Behind It. With the Large Majority of the 27 Team Members Having Extensive Blockchain Experience and Other Experience in Financial Institutions, Everything Looks Great Here.
Concerns -
- The Fantom Whitepaper Is Only Nine Pages Long and Only Four of Those Pages Actually Detail How the Network Works. Even Then, If Investors Are Looking for Deep, Technical Details They May Be Disappointed. No Doubt the Whitepaper Will Be Updated Somewhere down the Line, It’s Not Unusual to See a Whitepaper Go Through a Few Different Versions Leading up to a Projects ICO. Not a Huge Concern.
- The Actual Role of the FTM Token Is Not Really Described on the Fantom Homepage or in Their Whitepaper. For Seasoned Investors and Members of the Cryptocurrency Community, It’s Pretty Obvious What the FTM Token Is Used for (Transactions & Ecosystem Function). But Not Everyone Is a Seasoned Investor and It’d Be Great to See the FTM Token Get It’s Own Detailed Section Somewhere in Fantoms Research Resources.
Official Fantom Links -