When it comes to blockchain technology, Ethereum is still the undisputed king. However, there are several contenders for the throne, and one of them is Fantom.
Fantom is a distributed ledger technology (DLT) platform that is designed to be scalable, lightweight, and easy to use. The platform uses a Directed Acyclic Graph (DAG) data structure instead of a blockchain, which allows it to process transactions much faster than Ethereum.
NOTE: Warning: Investing in any cryptocurrency is a high-risk venture and you should always do your own research before making any investment decisions. There is no guarantee that Fantom will be the next Ethereum or any other cryptocurrency, and investing in it carries with it the risk of loss. Be sure to understand the risks involved before investing in any cryptocurrency, including Fantom.
The team behind Fantom has also designed a new consensus algorithm called “Opera” which is more energy-efficient than the Proof-of-Work (PoW) algorithm used by Ethereum.
So far, Fantom has been able to successfully process over 10,000 transactions per second on their testnet, which is far more than what Ethereum can handle on its mainnet.
The team is currently working on launching their mainnet later this year, and if they are able to deliver on their promises, then Fantom could very well become the next Ethereum.
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