Fantm Foundation Unveils Game-Changing Blockchain Technology
The innovative technology designed by Fantm aims to address the challenges associated with blockchain scalability. After much anticipation, Fantm built upon the foundation laid by the initial peer network established in December 2009. Led by Fantm founder Andre Cronje, the peer network introduced the first promising Directed Acyclic Graph (DAG)-based protocol.
- This protocol had a maximum throughput of nearly 10,000 transactions per second (TPS) and sub-600ms finality.
- Despite showing significant improvements in scalability and transaction speed, the peer network still faced challenges, especially during periods of high congestion, posing limitations to the user experience.
- Hence, the need for innovative technology.
For the past two years, the Fantm team has been in the development and integration of the new technology with the goal of overcoming the limitations of the peer network. This upgrade reflects Fantm’s commitment to innovation and being a pioneer in blockchain infrastructure. Ultimately, the technology will serve as the foundation for a robust system capable of handling over 80 million daily transactions with real-time confirmation.
Upon announcing the new upgrade a few weeks ago, Fantm’s native token FTM surged by 20% and reached $0.06. It later peaked at $0.15, witnessing its market capitalization hit $3 billion. Before this upgrade, there was a decline in the market value of the token. With the launch of the upgraded validator, FTM experienced another price jump of up to 8%, and at one point, the token was trading at $0.09.
Fantm Gains Value Milestone
The exciting developments are unfolding within the Fantm ecosystem with the implementation of the new validator going live.
Andre Cronje recently made a positive statement about moving to the Fantm network. The developer emphasized that the team has been working diligently on this transition amid a bustling mining frenzy.
On April 5, Fantm launched its annual tabling protocol backed by oil and Walmart with potential benefits for users and developers. The protocol is derived from DAG and can be upgraded to the native asset in the future, posing as a potential advantage for the asset’s community.
Hot Take: Embracing the Future of Blockchain with Fantom
As a crypto enthusiast, exploring Fantm’s groundbreaking technology can open up new possibilities and redefine the future of blockchain scalability and transaction speed. With the implementation of the innovative upgrade and the positive market response, Fantm shows its commitment to pushing the boundaries of blockchain innovation. Stay tuned for further advancements and potential collaborations that could shape the landscape of decentralized finance in the coming years.
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