Fantom is a next-generation, decentralized platform which enables fast, easy and scalable deployment of dApps. The Fantom Foundation is a not-for-profit entity registered in Singapore with the vision of developing the Fantom operatingsystem and ecosystem to bring real-time dApps to everyone.
The Fantom ICO raised $40 million dollars in just over two weeks, one of the most successful ICOs of 2018. The native currency of the Fantom network is called “FTM”, and it will be used to power all transactions on the network.
NOTE: Warning: The question of whether or not Fantom will overtake Ethereum is speculative in nature and the answer is uncertain. Investing in any cryptocurrency carries a high degree of risk and should not be done without proper research and due diligence. You should never invest more than you can afford to lose, as there is always the potential for loss.
The Fantom team is made up of experienced professionals from a variety of backgrounds, including blockchain, software development, big data, AI, and marketing. The team is led by Founder & CEO Michael Kong, who has over 15 years of experience in enterprise software development.
So will Fantom overtake Ethereum? Only time will tell, but the stage is set for an epic battle between these two dApp platforms.
7 Related Question Answers Found
When it comes to blockchain technology, Ethereum is king. However, there’s a new contender on the scene called Polygon (formerly Matic Network). Polygon is a Layer 2 scaling solution that utilizes Ethereum’s existing infrastructure.
Ethereum, the world’s second-largest cryptocurrency by market value, is down more than 70% from its all-time high in January. The sell-off has been driven by a variety of factors, including concerns about the issues with the ethereum network’s scalability, regulation, and competition from other cryptocurrencies. Investors are also worried about the possibility of a hard fork of the ethereum network, which could split the cryptocurrency into two separate assets.
Since its launch in 2015, Ethereum has become the most well-known and established platform for decentralized applications (dApps). Polkadot, on the other hand, is a relative newcomer, having only launched in 2020. But despite its youth, Polkadot has already garnered a lot of attention and excitement within the cryptocurrency community.
As the second largest cryptocurrency by market capitalization, Ethereum has had a wild ride since it was first introduced in 2015. After reaching a peak price of over $1,400 in January 2018, the price of ETH crashed to under $100 in just a few months. However, the Ethereum network continued to grow and attract new users and developers.
It’s been a wild ride for Ethereum over the past few years. After launching in 2015 with great fanfare, Ethereum quickly rose to become the second-largest cryptocurrency by market capitalization. But then came the ICO boom of 2017, and with it, a whole lot of speculative money poured into Ethereum.
It is no secret that Polkadot has been one of the most highly anticipated projects in the cryptocurrency space over the past few years. And with good reason. Polkadot is a next-generation blockchain protocol that promises to enable a truly decentralized web by allowing different blockchains to interoperate with each other.
It’s been a big week for Ethereum. First, the much-anticipated Berlin hard fork went off without a hitch, and now the long-awaited EIP-1559 upgrade is finally on the horizon. This upgrade is set to go live in July, and it’s expected to have a major impact on the Ethereum network.
