Review on Fantom by Ali Huseynov
About Fantom
Fantom was created with the goal of increasing transaction speed, scalability, throughput, and security. The project is a single project that may be utilized in a variety of situations. I believe it will take off in the field of artificial intelligence, also known as smart cities and smart homes.
Crosschain capability is also available in Fantom. Users on the ethereum network may escape congestion and high transaction costs by transferring their token to the fantom network, where they can benefit from a fast confirmation rate and near-zero transaction costs.
It is probable that it may spread to additional crypto initiatives in the future. Fantom's native token is FTM, which comes in two flavors: bep2 and erc-20. Binance, Kucoin, and other major exchanges accept it. The token may be staked as well as utilized as a utility token.
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Pros
- There is a sizable following for the project.
- It can be bought and sold on major exchanges such as Kucoin and Binance.
- It has a high throughput and can process millions of transactions per second.
Cons
- There are no major drawbacks.
