Project name: Fantom
Token code: FTOM
Token will sell: 3.175 million
Hardcap: $ 39,000,000 USD
Token price: 1FTM = $ 0.04
Market capitalization: $ 50,800,000 USD
Market capitalization (after 2 years): $ 101,600,000 USD (5% inflation)
Payment accepted: ETH
Presale: 30% bonus, 3 months Tokens
Registration period: Scheduled to open on 8/6.
Sale Time: Temporary unknown.
If you learn about blockchain + cryptocurrency technology, you can see some problems have arisen now. Bitcoin, for example, has to work hard fork to increase the size of the block + speed up the transaction. This is because blocks in blockschain are not going to meet as many transactions occur at the same time. Since blockchain operates on the principle of block chaining, therefore, when multiple transactions occur at a time, it will be blocked. Some third-party smartphone contracts such as ADA and EOS have not been fully resolved.
The radical solution is to create a scalable platform, such as IOTA, NANO, etc. With transactional nodes asynchronous, these platforms allow for fast transactions. than. Since you do not need to wait for sequential confirmation, the transaction can happen at any node. To do this, the platforms use a diagram called the Periodic Table (DAG) for their blockchain. However, the disadvantage of these platforms is the lack of smart contracts.
To solve all the problems mentioned above, Ico Fantom was born. Fantom is a smart platform based on the DAG platform. Fantom will provide interoperability between all transactions of agencies around the world, a "real time" ecosystem at the lowest cost.
Blockchain technology issues in Crypto
I'm not familiar with Blockchain applications in other areas, so let's just talk about the problem in Crypto. We are interested in Crypto because of its applications. Take the example of Bitcoin, the most successful and famous crypto coin:
BTC can not produce more, which means it is not inflation like paper money (how much to print).
BTC can transact rapidly from country to country, from continent to continent, at any time. You even need a smartphone or laptop, which has a network connection, so it's done.
Extremely high security, the money you move to large or small will also come to where you need to. Unless you enter the wrong address wallet is okay.
Low transaction costs (before, now is a bit higher). However, be aware that if you transfer the same amount, go abroad, then you probably prefer to use crypto rather than the bank. Transportation fee, waiting time ... sometimes even more tired. At the same time, with crypto, you want to transfer as much as transfer, while the bank limits it.
However, in the process of proving its worth, the BTC in general and many other crypto currencies in particular had to address the dilemma.
The transaction is blocked and slow
If you know the BTC from previous years are used less. Since few people know about it, so the transaction speed of the first time is quite fast. However, as the more and more people use, the exchange of BTC, the slower transaction speed BTC. This may be due to the expansion of the blockchain chain is difficult. You imagine it as the transport network of Saigon, Hanoi for easy understanding. As if to break the ice, anyone is pouring out the road sure the large intersection will be easily clogged, thus slowing down a whole network of traffic. Similarly, as the number of BTC users increases, the blockchain size is forced to increase. Therefore, the BTC must hark fork. However, the increase in this size is quite difficult and not effective
Cost
As you know, in crypto currencies, the role of "miners" is very important. Their training helps to keep the transactions free of congestion. There are two main types of fees that need to be known: the transaction confirmation fee and the mine reward fee. However, in recent years, when a coin is used more (typically BTC), it is more difficult to dig, compete, and profit. As a result, the cost of excavating BTC is increasing, even though the transaction speed has not increased significantly.
History data
If you understand the principle of blockchain block chaining, you will probably know: each block of blockchain will store all the data associated with those blocks of blockchains. That data can not be lost, can not be edited or changed.
This makes the blockchain transparent and without cheating. However, it also has a pretty big limitation. That is, we can not access deeper into the older data, the earlier data. In the future, when blockchain is used more widely in life, the management, publicity as well as the right to more access to the data in this very important.
ICO FANTOM and solutions
Fantom is a project to solve the problems mentioned above. Through the use of smart contracts on the DAG network, Fantom allows limitless blockchain expansion and handles hundreds of thousands of transactions per second. The Open Fantom sequence will address the limitations of the current blockchain scalability with the Lachesis protocol. Also, on the data system, Fantom also created new updates called "Story Data".
Let us evaluate ico Fantom in the smallest way, how will they do it? Is that feasible? Does it really solve the above problems?
Learn about the technologies behind the Fantom project
First of all, the Fantom platform uses a unique technology called Opera.
This Opera class is the main component, the Opera Chain is a new type of distributed infrastructure that addresses the current blockchain scalability by rapidly processing high volumes in a large block of proportions. .
The Opera series uses a new consensus algorithm called the Lachesis algorithm. This algorithm ensures that the blockchain level of agreement is maintained as existing algorithms are capable of handling 300,000 transactions per second.
Fantom's practical architecture is divided into three classes:
Below is called the OPERA Core Layer, responsible for creating events and maintaining consensus across all nodes through the Lachesis Protocol. Transactions are confirmed by utilizing the designated Periodic Graph (DAG), which allows the transaction processing nodes to be asynchronous.
Similar to a blockchain, transactions are stored on each node in the network, although data is not required to be stored on all nodes. For transaction authentication, a second type of node is used, called the witness node. Witnesses check the validity of all nodes on the network. These buttons are based on the Proof of stake to select the validator.
The middle layer of the protocol is called the OPERA Ware layer. This class works to perform functions such as issuing payments, rewards and writing "Data Story".
The top layer is called the OPERA Application Layer and will provide publicly available APIs for dApps to use the middle layer. One particular aspect is what Fantom calls "Data Stories".
While Ethereum has the ability to restrict tracking of past transactions, Fantom solves this problem by leveraging Data Story, allowing all past transactions to be tracked. Each transaction and contract can intelligently store a piece of data this way for functions such as item tracking. For utilities such as supply chain management where infinite records of data are essential, this type of architecture provides a tremendous value.
The FTOM token is used primarily for the creation and rewarding of nodes involved in network authentication. FTOM will also be used for incentives to reward users and attract contributors to the platform. The FTOM will initially be issued as an ERC20 token until the main network starts, at which point the participants will block the FTOM ERC20 token on the Fantom platform and the number of equivalent original tokens will be allocated. a.
Project development team
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