Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Fantom is a distributed ledger technology (DLT) platform that is scalable, secure, and easy to use. Fantom uses directed acyclic graph (DAG) technology instead of the traditional blockchain to achieve consensus.
Fantom is based on Ethereum, and uses the same programming language, Solidity. This makes it easy for developers to build decentralized applications (dApps) on Fantom.
NOTE: WARNING: Fantom is not based on Ethereum. It is an independent project with its own unique blockchain and consensus protocol. Although Fantom has some similarities to Ethereum, it is a completely separate project and must be treated as such. Investing in Fantom carries its own set of risks and rewards and should not be compared to investing in Ethereum.
Fantom’s consensus algorithm, Lachesis, is more efficient than Ethereum’s Proof-of-Work (PoW), and can process up to 100,000 transactions per second. This makes Fantom ideal for applications that require high throughput, such as payments and IoT applications.
In conclusion, Fantom is based on Ethereum and uses the same programming language, Solidity. Fantom’s consensus algorithm, Lachesis, is more efficient than Ethereum’s Proof-of-Work (PoW), and can process up to 100,000 transactions per second.
This makes Fantom ideal for applications that require high throughput, such as payments and IoT applications.
8 Related Question Answers Found
When it comes to Fantom, there is a lot of confusion about what it is and how it relates to Ethereum. Fantom is often referred to as “Ethereum’s killer” or “the next Ethereum.” So, is Fantom Ethereum? The answer is both yes and no.
Golem is a decentralized supercomputer that anyone can access. It’s made up of the combined power of user’s machines, from personal laptops to entire datacenters. Golem is the first truly decentralized, global market for computing power.
VeVe is a decentralized platform built on the Ethereum blockchain that allows users to buy and sell digital assets. The platform is designed to be user-friendly and offer a variety of features that make it an attractive option for those looking to invest in digital assets. The team behind VeVe has a strong belief in the power of blockchain technology and its ability to disrupt traditional financial markets.
Cardano is based on Ethereum, but with a few key differences. For one, Cardano uses a proof-of-stake algorithm called Ouroboros, while Ethereum uses a proof-of-work algorithm. This means that Cardano is more energy efficient than Ethereum.
The Basic Attention Token is an ERC20 token that is used to power the Brave browser. The token can be used to tip content creators, as well as to purchase advertising on the Brave platform. While the token is based on the Ethereum blockchain, it is not clear if the token is fully backed by Ethereum.
Golem is a decentralized supercomputer that anyone can access. It’s built on the Ethereum blockchain and is powered by crypto tokens called GNT. Golem is a project with a very ambitious goal: to create a global, decentralized supercomputer that anyone can access.
Quorum is a permissioned blockchain platform that is based on Ethereum. It is designed to meet the needs of enterprises that require high levels of security, privacy, and performance. Quorum is developed by JPMorgan Chase and ConsenSys.
Enjin is a decentralized platform that allows for the creation, management, and trade of virtual goods. The Enjin platform is built on the Ethereum blockchain, and uses the ERC-1155 token standard. The Enjin platform provides a way for game developers to create and manage virtual goods in a way that is secure, efficient, and player-friendly.
