Review on Fantom by Syed Adnan
World’s first Directed Acyclic Graph (DAG) based smart contract platform.
If DAGs succeed, we all could see a similar situation as we've seen with Ethereum before, where one large platform takes the majority of users, because they are the first mover. On the other hand, It is aggressively securing large partnerships, which will ultimately lead to adoption if they manage to build a reliable platform.
It has a team with the right mixture of blockchain expertise and industry domain, strong connections and partnerships and a very promising technology but in the end this is not a guarantee for success.
In the evolution of Distributed Ledger Technology, the question, when large scale adoption of such technology will take place, still remains unanswered. Furthermore, the make or break situation in market might play a large role in the future. These are factors which the team has limited control over.
Pros
- Instant payments and transactions in the most effective way currently possible.
- Virtual Machine on their Opera platform from where developers can build and run dApps because of the network’s smart contract capability.
- It also allows cross-chain asset interoperability by building bridges that ensure seamless swapping from one chain to another.
- The team has set a first throughput target at 20.000 - 25.000 transactions per second.
Cons
- It faces big competition in the DAG space, such as IOTA. More will follow when this technology proves to be an improvement to current blockchains.
