Fantom is a smart contract platform that claims to be faster, cheaper, and more scalable than Ethereum. Fantom uses a directed acyclic graph (DAG) data structure instead of a blockchain, which it claims allows for faster transaction speeds and higher scalability.
Fantom also has a unique consensus mechanism called Opera Consensus, which is based on delegated proof-of-stake (DPoS). Under this system, there are only a limited number of validators who can verify transactions and add them to the DAG.
This is different from Ethereum’s proof-of-work (PoW) consensus mechanism, which requires all nodes in the network to verify transactions.
So, is Fantom really better than Ethereum? Let’s take a closer look.
Transaction Speed
Fantom claims to be able to process up to 10,000 transactions per second (TPS), which is much faster than Ethereum’s current TPS of 15-20. However, it’s important to note that Fantom’s testnet has not yet been launched, so these numbers are based on theoretical data.
Once the testnet is launched and we have actual data to compare, we’ll have a better idea of how fast Fantom really is.
NOTE: WARNING: Is Fantom Better Than Ethereum? is an opinion-based question and cannot be answered definitively. This question may lead to heated debates and should be avoided in order to maintain a safe and respectful environment. Moreover, any attempts to compare Fantom and Ethereum should be done objectively, with facts and evidence to back up any claims.
Scalability
Fantom’s DAG-based data structure should theoretically allow it to scale much better than Ethereum’s blockchain. However, again, we won’t know for sure until the testnet is launched and we can see how Fantom performs in practice.
Cost
Fantom claims that its transaction fees will be much lower than Ethereum’s. This is because Fantom uses a gasless model in which users don’t have to pay gas fees for each transaction they make.
Instead, they simply need to hold a certain amount of FTM tokens in their wallets. We’ll have to wait and see how this works in practice when the mainnet launches.
Conclusion
So, Is Fantom better than Ethereum? It’s too early to say for sure. Fantom has some promising features that could make it a more scalable and efficient platform than Ethereum.
However, we won’t know for certain until the Fantom mainnet launches and we can see how it performs in practice.
8 Related Question Answers Found
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.
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