Fantom is a cryptocurrency project with a fairly successful ICO launch and the promise of surpassing the scalability of existing blockchains. In essence, Fantom uses a DAG structure. The developers of this DAG technology collaborate with smart contracts in dApps to create a new blockchain with features like near-instantaneous payments and low transaction fees.
PROS
- High-security platform.
- Fantom's blockchain has high scalability.
- Fantom can be compatible with Ethereum.
- Fantom provides advanced smart contracts.
CONS
- Platform tokens are losing some appeal.
- Intense competition among blockchain platforms.
- Fantom's network stability is not always consistent.
- Limited financial resources for FTM.
To further develop, FTM needs to diversify its DeFi applications. Since Fantom has many products within its ecosystem, most of them are in the fields of Automated Market Makers (AMM), Lending & Borrowing, and Yield Aggregators.
Fantom is an intriguing project with many useful aspects for the market. However, given the current challenges, in order to recover and thrive, Fantom needs to make efforts to develop its platform and attract more investments from developers and users. Show Less
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