Review on Fantom by Victor Awam

Name: Fantom
Item: Fantom
Rating: 5

March 09, 2021

Fantom the future of Decentralized finance

Fantom is a block chain platform that is highly performant, scalable, secure and easily customizable.
The main objective of this platform is to overcome the limited that is associated with previous block chain platform generation. The fantom project is an open source, permissionless and decentralized project that is hosted on GitHub. 
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The core of the fantom project is its Lachesis aBFT consensus algorithm (mechanism). This mechanism is what makes Fantom extremely secure, without sacrificing speed and scalability.
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Fantom is truly decentralized as the computing power is not centralized in a single decentralized ledger as is obtainable in most decentralized platform. In fantom you can deploy your own independent network. 
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Another major advantage of Fantom is its modular architecture (a modular architecture/system/design is one that divides a system into smaller independent units that are discrete, scalable and functional.
It is this molecular nature of fantom that enables full customization of blockchain digital assets.
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The primary token for the Fantom platform is the FTM token. This token is used to secure the network through staking, it is also used for payment, governance and for fees. 
I personally love the team around Fantom from the CEO (Ahn Byung Ik) to my favorite, the Technical advisor (Andre Cronje of yearn finance).
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With the partnerships, integration and institutional support that Fantom has been rolling out on their website and social media pages, I believe that this platform will power the next growth of decentralized finance.
Thank you.
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Pros

Open Source: The project is open source on GitHub, so you can always follow the development of the project
Security: The platform is extremely secured
Scalable: Fantom is very scalable
Faster: Fantom promises and currently runs transactions within 2 seconds
Cheaper: The transaction fee on fantom is about $0.0000001

Cons