Review on Fantom by RODRIGO REIS
Fantom- Is this project worth it?
The project is good, has a good team behind the project, but I don't consider it a project as safe for investors because of the token price volatility in the market. A major investment and improvements are required to change the scenario.
Pros
- Fantom is a DAG(Directed Acyclic Graph) based smart contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.
- The FANTOM platform adopts a protocol “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.
- • Nodes do not need to be aware of the existence of all other nodes in the network when joining the network
- • Uses Lamport timestamps to achieve topographical ordering of event blocks
- Token Fantom can be used for staking with a validator node: To secure the network in return for block and transaction rewards.
- Paying transaction fees with FTM
- Each token holder is able to vote on on-chain governance proposals:
- The FTM token is currently listed on severalexchanges
- Fantom has a wallet available on iOS and Android.
Cons
- Fantom token continues to search for its cryptomarket space. The competition is big with hundreds of other tokens. After a good appreciation in the middle of this year, the currency depreciated strongly again. It generates little investor confidence.
