Fantom Review Jan 2020

FANTOM $FTM

$18.4mil Market Cap

Volume: Wide spread over Bilaxy, Bibox, Kucoin, Hotbit, MXC, and Binance
Liquidiy: Majority on Binance but adequate amount on MXC and Kucoin also.
*Click here for more*

A Directed Acyclic Graph (DAG) based Smart Contract platform, Fantom is trying to solve scalability issues that exist with many public distributed ledger technologies.

They plan to do this by attempting to employ an improved version of existing DAG-based protocols. The Fantom platform uses a new protocol known as the ‚ÄúLachesis Protocol‚ÄĚ for consensus. Smart contracts on Fantom will provide a much wider spectrum of utility and be able to leverage the speed and security of the Directed Acyclic Graph technology Fantom is modeled over.

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 Fantom launch of its first OPERA mainnet, which is EVM-compatible and provides full smart contracts support available through Solidity and the Ethereum Virtual Machine (‚ÄúEVM‚ÄĚ).
*Click here for more*

This smart contract solution was built in combination with XAR, the Fantom blockchain’s toolkit that offers both centralized and decentralised financial solutions. Loans, Auction, Escrow, Built-in DEX, and Synthetic swaps are just a few of the many features built into Fantom’s the XAR network.
*Click here for more*
Partnered with COTI, Fantom will use their homegrown XAR network to collaborate on creating a payment solution for Fantom-based networks, and to make collateral stable debt tokens (CSDT) for daily use.
*Click here for more*
By utilizing COTI’s infrastructure, merchants will be able to accept CSDT or fiat-backed stablecoins issued on top of Xar, while still receiving fiat currency into their bank accounts at with a wide global coverage and 35 currencies. OPEAR comes with FTM and XAR staking.
*Click here for more*
Becoming a ‚ÄúDelegator‚ÄĚ or a ‚ÄúValidator‚ÄĚ has been made simple to allow participants to earn up to 67% annually. Minimum staking amount is set at just 1 FTM.
*Click here for more*
Fantom came into existence with the help of a highly dedicated team. The teams expertise, knowledge and drive to become successful, not to mention the industry connections, should help them maintain a solid grip on the South Korean industries being targeted by the technology. Fantom is also backed by one of the industries top code analysists and developers, Andre Cronje. For a technical overview of the intricate models built within Fantom be sure to catch up on his medium page.
*Click here for more*
2020 will see Fantom building out their now operational platform on a global level. Expansion of the system, and utility are athe leading goals for the Fantom project starting into the new decade.

The Fantom Council will be established in early 2020 and lead Fantom to a wide reaching influence as a ‚Äúconsensus-as-a-service‚ÄĚ that boasts the ability to be the ‚Äúnervous system for smart cities‚ÄĚ.
*Click here for more*

[et_pb_posts_blog_feed_standard_agsdcm posts_per_page=”2″ category_id=”101″ _builder_version=”4.0.7″ blog_feed_module_type=”standard”][/et_pb_posts_blog_feed_standard_agsdcm]

0 Comments

Submit a Comment