THELOGICALINDIAN - n-a
The Fantom ICO offers a DAG-based blockchain agreement for college acceleration and infinite scalability. The proposed affairs per additional (TPS) on Fantom? 300k TPS.
Fantom accept set the bar aerial and aim to be the aboriginal belvedere to agitate the absolute payments and supply-chain administration paradigm. With a amount hypothesis that focuses on abbreviation costs, accretion accuracy and active hundreds of bags of affairs per second, their ICO aggregation sees a use case for their artefact in a aggregation of sectors including aliment technology, telecom, banking, electricity and absolute estate.
Fantom ICO Concept
The absolute architectonics is disconnected into three layers. The basal band is alleged the OPERA Core Band and is amenable for creating contest and advancement accord beyond all nodes via the Lachesis Protocol.
As added nodes participate in the network, the processing adequacy increases as well. The average band is alleged the OPERA Ware Layer, which executes functions such as payments, arising rewards, incentives, and “story data”. The top band is alleged the OPERA Application Layer, and will accommodate about accessible Application Programming Interfaces (APIs) for applications to advance the average layer.
One accurate aspect of agenda is what Fantom accredit to as the “story data”. While Ethereum has a bound adequacy of tracking accomplished transactions, Fantom solves this affair by leveraging adventure data, which allows all accomplished affairs to tracked based on the basis assortment amount alleged the “Story Root”. The aggregation adduce this aspect of the belvedere offers an advantage for use cases like supply-chain management.
Fantom ICO Leadership
Dr. Ahn Byung Ik is the CEO of the FANTOM Foundation. He holds a Ph.D in computer science from Yonsei University and is admiral of the Korea Food-Tech Association. Dr. Ahn’s antecedent success with startups is impressive. In 1998, he founded a area based account aggregation alleged Point-I and awash the business afterwards the IPO, Again, in 2010, Dr. Ahn founded food-tech belvedere SikSin (like Korean Yelp) which according to Google Play has accomplished 1 actor downloads.
Fantom ICO Progress Signals
Fantom accept laid out a plan for capturing their antecedent ambition market. The website lists as a accomplice the South Korea Food-Tech Association, which includes the top 90 arch companies in the 200 billion USD aliment bazaar in South Korea. As mentioned above, CEO Dr. Ahn additionally serves as President of this association.
With Dr. Ahn’s all-encompassing accomplishments in both the aliment and technology sectors, Fantom plan to alpha architecture their ecosystem with dApps for aliment reservations, commitment services, and supply-chain management. The sales aggregation will additionally advance the artefact to retailers and artery vendors as an cheaper another to the transaction fees incurred by approved acquittal systems. We are agog to apprentice added about this accurate aspect of their ascent strategy.
According to the roadmap, the testtnet barrage is planned for Q4 2024. With antagonism from added DAG protocols like Hedera Hashgraph and Constellation, who both plan to accept alive testnets in 2024 as well, the burden is on. Hedera Hashgraph additionally accept taken aim at a college TPS figure, which they acceptation to accept already achieved. But until we see the affidavit from these projects ourselves and can appraise their veracity, we attention anniversary adversary as applicable as the other.
What’s to Come for the Fantom ICO?
With the achievability of leveraging their bounded advantage, Fantom accept a attempt at capturing their home bazaar in South Korea afore added solutions. The affairs of this accident will become abundant clearer with the enactment of action ally who can pilot the artefact with absolute use case scenarios.
We’ll be watching out for the enactment of any such partnerships as a advance indicator. As a high-performance blockchain, we’re additionally agog to accept a attending for ourselves at the backend which as an open-source project, should anon be available.
Learn added about the Fantom ICO from our Telegram Community by clicking here.
Today’s Date: 5/7/18
Website: https://fantom.foundation/
White Paper: https://fantom.foundation/data/ExecutiveSummary.pdf
Additional Information: Whitelist will accessible about the additional anniversary of May. See https://t.me/fantom_english for added information.
