Fantom has developed a plan to cover its internal target market.
Despite improved consensus algorithms, current blockchain implementations use nodes that synchronize one block at a time. Despite this, we do have some concerns regarding the team’s preparedness for the ICO (or “Token Generating Event” – TGE – as Etherisc calls it). Additionally, The foundation’s top sales team will promote FANTOM to retailers and street vendors whose current transaction fees cost up to 5% of each sale.
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- Instant Payment/Settlements – Asynchronously with instant confirmation
- Near Zero Cost – Less than 0.01$ USD
- Infinite Scalability – Capability increases as more nodes participate
- Open-sourced – Transparent
- 300,000 TPS
Being a high-performance blockchain, Fantom has set itself the goal of becoming one of the first platforms that will leave behind existing payment and supply chain management systems.
The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost. By 2018 Q3, the OPERA Ware and Middleware Layers responsible for providing features including reputation, incentive, and payments for applications will be released to the public in the testnet. About FANTOM Blockchain technology has provided a way to maintain consensus across all nodes with no central authority.
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There are 3.55 billion FANTOM tokens.
The association will bring in a lot of traction on the FANTOM platform with its membership comprising of 90 food tech companies. The team is also more senior than many other blockchain projects, which in our view is better than having a team of only young people with no prior work experience. On the FANTOM platform, however, previous transactions can be tracked based on the root hash value called Story Root for all transactions.
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The FANTOM platform adopts a new protocol known as Lachesis Protocol to maintain consensus.
The Fantom team has established a throughput of 300,000 transactions per second (TPS). Fantom (Korea) https://fantom.foundation Fantom offers a blockchain protocol based on directed acyclic graph (DAG) for instant transactions and infinite scalability at almost zero cost. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus.
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Applications built on top of the FANTOM OPERA Chain enjoy instant transactions and near zero transaction costs for all users.
Like a blockchain, the OPERA Chain is saved on each node that participates in the network. FANTOM is the world’s first DAG based Smart Contract platform that solves the scalability issues of existing public distributed ledger technologies. All token sale details also need to be made available in one place, and the team should explain clearly their reasoning behind the token allocation model they have chosen.
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The smart contract for the ICO would enable food tech companies to work with an app in a smart contract setting to distribute their products directly to consumers.
The FANTOM Foundation has partnered with the South Korea Food Tech Association, whose members include the top 90 leading companies in the 200 billion USD food market in South Korea. Etherisc is a company registered in Germany that is issuing a token that will be known as DIP on the Ethereum blockchain. The platform distinguishes itself from the traditional block ledger-based storage infrastructure by employing an improved version of existing DAG-based protocols. The consortium named FANTOM announced on Tuesday that they have plans to set up a foundation in Hong Kong for the purpose of crowdsale. The team also promised to develop a reputation protocol in due time. FANTOM will become the first platform to disrupt the existing infrastructure for payments and supply-chain management.